14 Jul 2021 Retail sales bounced during the spring with the quarter from April to June showing record growth, according to the latest figures from the British Retail Consortium (BRC). Sales in the second quarter of 2021 rose 28.4% from a year previously and were up 10.4% from 2019. June’s sunny weather and the Euro
The Association of Independent Professionals and the Self-Employed (IPSE) has stated that the recent changes to the rules relating to off-payroll workers, commonly known as IR35, ‘undermine the self-employed at the worst possible time’. The changes to IR35 took effect on 6 April 2021, and shift responsibility for making the decision on employment status on
HMRC has confirmed it will be contacting potential claimants for the fourth Self-employment Income Support Scheme (SEISS) grant this month. The tax authority will send communications by email, letter or within the online service to individuals based on their tax returns. The fourth grant will be 80% of three months’ average trading profits, to be claimed
04 Mar 2021 Chancellor Rishi Sunak delivered his 2021 Budget speech yesterday, outlining a range of financial measures designed to boost the UK economy once the current coronavirus (COVID-19) lockdown ends in England. Mr Sunak’s speech unveiled a raft of changes, including an extension to the Coronavirus Job Retention Scheme (CJRS) until September; a super-deduction
08 Dec 2020 An analysis carried out by the British Chambers of Commerce (BCC) has suggested that businesses lack detailed official information on the rules that are set to take effect once the Brexit transitional period ends on 31 December. The BCC found that businesses have insufficient information in regard to 24 critical areas. This
On 25 November Chancellor Rishi Sunak delivered his latest Spending Review to the House of Commons, and stated that the coronavirus (COVID-19) pandemic has caused ‘lasting damage’ to the UK economy. The economy is forecast to shrink by 11.3% this year and is not expected to return to its pre-pandemic size until the end of
The government has updated and enhanced the self-employed grant scheme, making this more generous than previously. This recognises the increased impact of coronavirus, amnd the lockdown through November. The grant will be increased from the previously announced level of 40% of trading profits to 80% for November 2020. This therefore increases the total level of
In view of the November lock-down, the government has announced the following additional support measures for business. More detialed guidance in relation to the various schemes is expected shortly. Job Retention (Furlough) Scheme – extended to 2nd December – paid at 80% for all hours not worked (either full or part-time) Local authority administered grants
The Chancellor announced the following additional support measures for business in his statement on 22nd October. Enhanced Job Support Scheme – For staff having to work part-time due to Coronavirus, the Government to pay up to 61.66% of wages for those hours not worked. Local authority administered grants for the hospitality and leisure sectors in
Winter Economy Plan On Thursday 24 September Chancellor Rishi Sunak provided some details of the government’s plan to protect jobs and support businesses over the coming months. We set out the main announcements below. Job Support Scheme The existing job support scheme – the furlough scheme – comes to an end on 31 October. The
