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Further revisions to the Job Support Scheme

With more regions entering tiers 2 and 3 Covid-19 restrictions, further revisions to the Job Support Scheme have been announced The existing Furlough Scheme ends on 31 October and the Job Support Scheme announced last month has been completely revised before it even started Employees would have had to work at least one third of their… Read More

South West Growth Academy

A collaboration between South West Growth Service and Dafferns LLP Business Leaders and owners often feel isolated in the top job, all the more so with COVID-19. We have found many are looking for an environment to discuss their business in a confidential yet informal environment, supported by experienced business facilitators and business peers. We’re… Read More

VAT – Value Added Tax

There are hundreds of pages of VAT legislation, however, we have focussed on areas where changes may have occurred in responding to the current situation, which we felt may be of more relevance at this time. Taxable supplies made by charities  Donations – these fall outside of the scope for VAT as long as nothing is provided… Read More

Time to Pay – January 2021 Tax Liability

Those struggling to pay the tax becoming due on 31 January 2021 have been granted further time to pay as part of the winter economy package announced on 24 September. HMRC has increased the threshold for paying tax liabilities by instalments to £30,000 from the previous limit of £10,000. If you want to take advantage… Read More

Support for businesses forced to shut

Just a fortnight after announcing the new Job Support Scheme, the Government confirmed on 9 October that they will be providing further support for employees who work for UK businesses forced to shut by law because of coronavirus restrictions. The new 67% additional support scheme This latest scheme aims to protect jobs and enable businesses… Read More

Charities: Gift Aid

At this time, a charity can also increase its income receipts by making a gift aid claim, either through the usual process or under the Gift Aid Small Donations Scheme (GASDS). Click here for our March 2019 issue, which looked at this in more detail. Some key points are: Ensure that valid gift aid declarations… Read More

Changes to Coronavirus Business Loans

With new CBILS applications set to close on 30 September 2020, the Government have announced a number of changes to support UK businesses though the second wave.   Coronavirus Business Interruption Loan Scheme lenders will now be able to extend the length of loans from the current maximum of 6 years to 10 years. Businesses… Read More

Job Support Scheme

Announced by Chancellor Rishi Sunak on 24 September, the Job Support Scheme will run for six months from 1 November and will top up salaries in firms which can’t afford to pay employees their normal full-time hours UPDATE: This scheme has been replaced before it was even launched To be eligible, employees must work for… Read More

Charities: Trading vs Non-Trading

With all that has been happening over the last 6 months, many charities have had to pivot or adapt their activities in response to the impact of the Global Pandemic. For some this has involved looking at new ways to generate income, to operate or to collaborate with others. Now is probably a good time to review… Read More

Winter of Discontent? – Hopefully Not

Living organisms have a remarkable ability to adapt and evolve to be successful in the environment in which they find themselves and humans are perhaps the most remarkable of all species on the planet in their ability to adapt rapidly. We are currently living through the most turbulent period of my lifetime in terms of… Read More

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