The Office of Tax Simplification (OTS) has published an online survey and a call for evidence to seek views about Capital Gains Tax (CGT). The OTS wants to hear directly from individuals and businesses as well as professional advisers and representative bodies about which aspects of capital gains tax are particularly complex and hard to get right, and to hear any suggestions for improvements. The call for evidence comes in two sections: the first seeks...
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The Childcare Offer was suspended in April to allow resources to be refocused, to support the childcare needs of critical workers and vulnerable children through the Coronavirus Childcare Assistance Scheme (C-CAS). As Wales moves to ease more lockdown restrictions and with schools set to return from September, the Offer will reopen for applications enabling families to start accessing the funded childcare. Parents who would have been eligible for the Offer in the summer term, but...
Employers can claim the Job Retention Bonus (JRB) for all eligible employees who have been furloughed. Businesses will receive a one-off payment of £1,000 for every previously furloughed employee if they are still employed at the end of January 2021. Further details on the JRB can be found here, full guidance will be published in September 2020.
The Driver and Vehicle Standards Agency (DVSA) is encouraging motorists whose MOT is due this autumn to get their vehicle’s MOT done as soon as possible to beat the expected rush for tests. Cars, motorcycles and light vans that were due an MOT between 30 March and 31 July 2020 were given a 6-month extension to help keep motorists moving during the coronavirus pandemic. Vehicles that are due an MOT from 1 August 2020 will...
Employees with more than 2 years’ continuous service who are made redundant are usually entitled to a statutory redundancy payment that is based on length of service, age and pay, up to a statutory maximum. The UK Government have brought in legislation from Friday 31 July 2020 that will: ensure that furloughed employees receive statutory redundancy pay based on their normal wages, rather than a reduced furlough rate mean those furloughed under the Coronavirus Job...
To meet the needs of small and local charities and the people they support, on 3 August 2020, Lloyds Bank Foundation for England and Wales will open new COVID-19 funding to support charities to recover beyond the immediate crisis. The COVID Recovery Fund will offer charities a two-year unrestricted grant of £50,000 alongside the support of a Development Partner to help charities identify and act on any organisational and service delivery adaptations needed to recover...
If your business completes customs declarations, you can apply for grants to get funding for recruitment, training and IT improvements. Find out below: who can apply what you must use the grants for amounts of funding available what you’ll need how to apply after you’ve applied how to treat the grants for tax For further information please visit the GOV.UK website.
HMRC are running free webinars on the ‘Eat Out to Help Out Scheme’, the webinars will include the following information: an overview of the scheme how the scheme works eligible establishments registering and making a claim what happens after you’ve claimed There are a number of dates and times to choose from, book your place here. HMRC have also produced posters, images and other promotional materials for use by establishments who are taking part in...
First Minister Mark Drakeford has set out changes to the coronavirus regulations in Wales making it easier for families and friends to meet outdoors. From Monday 3 August 2020, up to 30 people will be able to meet outdoors and children under 11 will no longer have to maintain a 2m distance from each other or from adults – in line with the latest scientific evidence about lower transmission rates in this age group. Pubs...
Changes to state aid rules mean that more small businesses can now benefit from loans of up to £5 million under the Coronavirus Business Interruption Loan Scheme (CBILS). Previously businesses which were classed as ‘undertakings in difficulty’ were unable to access CBILS because of EU rules. Businesses in this category and which have fewer than 50 employees and a turnover of less than £9 million can apply to CBILS. For further information please visit the...