Rishi Sunak Releases the Main Points From the 2020 Spending Review

Rishi Sunak Releases the Main Points From the 2020 Spending Review

Rishi Sunak says the spending review comes as the coronavirus health emergency is not over and the economic emergency has only just begun. The Chancellor has said he will prioritise jobs, businesses and public services. He reported that the Government is spending...
Job Retention Scheme (CJRS) – Notice Periods

Job Retention Scheme (CJRS) – Notice Periods

HM Treasury has confirmed that statutory and contractual notice periods will not be covered by the Coronavirus Job Retention Scheme from 1 December and that details of future claims will be published online. For claim periods starting on or after 1 December, employers...
£1Million Annual Investment Allowance Extended

£1Million Annual Investment Allowance Extended

The Government have shared some good news that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022. Businesses, including manufacturing firms,...
Companies House Are No Longer Sending Paper Reminders

Companies House Are No Longer Sending Paper Reminders

Limited Companies (LTDs) and LLPs are usually sent paper reminders during the year. This is typically to file your accounts and to submit the Confirmation Statement on time. Companies House have announced that they will no longer be sending paper reminders by post;...
Changes To The Annual Investment Allowance

Changes To The Annual Investment Allowance

The Annual Investment Allowance (“AIA”) was increased temporarily to £1,000,000 from 1 January 2019 but the intention is this will revert to just £200,000 from 1 January 2021. The Annual Investment Allowance entitles businesses to a 100% deduction against profits for...
UK Treasury Extends Emergency Business Loan Scheme

UK Treasury Extends Emergency Business Loan Scheme

The UK Treasury is extending its emergency business loan scheme and will allow firms to “top up” their borrowing as part of new rules meant to keep businesses afloat during England’s second lockdown. UK firms will now have until the end of January to apply for...