The Government has announced that from 31 July 2020 any furloughed worker that is made redundant will receive a payment based on their normal wage rather than the reduced rate of pay they may have received under the Coronavirus Job Retention Scheme (CJRS). Reports of a small number of employers taking advantage of the Coronavirus […]
The Government has announced that the Future Fund – the support scheme for early-stage, high-growth firms – will be expanded so that more firms can benefit. The scheme, which was announced by the Chancellor in April, offers Government loans ranging from £125,000 up to £5 million to high-growth start-ups that can attract equal match funding […]
The Finance Bill 2020 has now reached the report stage in Parliament. In response to the impact that COVID-19 has had on the country, the Government has confirmed several temporary tax concessions. To help you make sense of these changes we have prepared a useful summary: Taxation of Coronavirus support payments The Government has confirmed […]
Out of the doom and gloom of the pandemic, new businesses are sprouting up – many built around successful concepts launched and developed during lockdown. Launching a business can be daunting and risky, to help, we have prepared seven tips that all start-ups can follow: Conduct research You must undertake thorough market research to ensure […]
According to new research by Sourced Capital buy-to-let rental yields in the UK remained flat across the UK during the first three months of 2020. The investment platform’s analysis of rental and house prices from the Office for National Statistics (ONS) found that rental yields only increased by just 0.1 per cent year-on-year in Q1. […]
During May almost £2 billion was invested into fixed-income retail bonds as markets began to stabilise and recover from the initial impact of COVID-19. The latest figures from the Investment Association (IA), have revealed that fixed-income funds were the best-selling asset class in May 2020. May was a strong month for investments with investors piling […]
The typical 40-55-year-old UK resident has just £71,591 saved in non-pension investments, according to a new study produced by Dunstan Thomas. Analysis by the pensions software specialists shows that younger Gen Xers aged 39-41 are the least likely to have significant non-pension investments, with most having just £63,809 on average. Meanwhile, older Generation Xers, aged […]
During the Summer Economic Update, the Chancellor Rishi Sunak announced his Plan for Jobs, which included a new incentive for users of the Coronavirus Job Retention Scheme (CJRS) to keep furloughed workers employed until January 2021. The Job Retention Bonus (JRB) will encourage employers to bring back furloughed employees by allowing them to claim a […]
In the next few weeks, employers may need to submit additional information or change the way they manage their Coronavirus Job Retention Scheme (CJRS) claims. To help you prepare, here are some key dates and actions you may need to take: 31 July 2020 – Submit your CJRS claim for periods ending on or before […]
The Chancellor, Rishi Sunak, has commissioned the Office of Tax Simplification (OTS) to undertake a review into how Capital Gains Tax (CGT) is paid by small businesses and individuals. It is estimated that the UK Government has already incurred hundreds of billions of pounds in costs in its economic fight against the Coronavirus and it […]
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