by Greystone Admin | May 7, 2021 | Accounting & Business
HMRC’s official rate of interest has been cut from 2.25% to 2% from 6 April 2021. This will affect any directors or employees who have a beneficial loan from their employer, as well as directors who have an overdrawn current account with their company. The official...
by Greystone Admin | Nov 1, 2020 | Accounting & Business
The temporary reduced standard VAT rate of 5% for the tourism and hospitality sector was due to end on 12 January, but has now been extended to 31 March 2021. With Covid-19 restrictions continuing for the foreseeable future, this winter is likely to be quite...
by Greystone Admin | Oct 15, 2020 | Accounting & Business
The application date for the Bounce Back Loan Scheme (BBLS) has now been extended to 30 November, and the loan repayment process made more flexible. To date, the BBLS has provided more than a million loans between £2,000 and £50,000 to businesses affected by the...
by Greystone Admin | Oct 10, 2020 | Accounting & Business
After heavy hinting from the Treasury for some weeks, the expected Autumn Budget has been pushed into spring 2021, with tax rises on the cards. Since the March Budget and through to August, the expectation was that the Chancellor, Rishi Sunak, would introduce his...
by Greystone Admin | Oct 8, 2020 | Accounting & Business
The latest pandemic support measures are much less generous than before. Even though the Chancellor cancelled this year’s Autumn Budget, he still made an early autumn appearance before the House of Commons to announce his ‘Winter Economy Plan’. He announced new...
by Greystone Admin | Oct 6, 2020 | Accounting & Business
Given the amount of Covid-19 financial assistance available, it comes as no surprise that there is an increase in HMRC-related scams this year. What is worrying is that scammers have become more sophisticated; it is no longer a matter of simply ignoring emails...
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