Please see the UK Chancellor Summer Statement – 8th July 2020 with the key announcements that was made by the Chancellor Rishi Sunak. Mr Sunak emphasised that we are only part way through the pandemic crisis and he will be coming back with further proposals later in the year – most notably in the planned…

DSM Chartered Accountants business news update 2nd June 2020 – Self-Employed Income Support Scheme Grant   On 29th May the Chancellor announced a ‘second and final grant’ for the ‘Self-Employed Income Support Scheme’, which is for the 3 months ended 31st August 2020. https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme   https://www.gov.uk/government/news/chancellor-extends-self-employment-support-scheme-and-confirms-furlough-next-steps   The main headlines are :-   The ‘first…

DSM Chartered Accountants business news update 2nd June 2020 – Local Authority Discretionary Grant Fund From 1st June local councils have each received a discretionary grant fund from government, to be awarded to any businesses who are not eligible for any local council and/or specialised covid-19 grant support already in place. https://www.gov.uk/guidance/apply-for-the-coronavirus-local-authority-discretionary-grants-fund#eligibility   Main headlines…

DSM Chartered Accountants business news update 1st June 2020 – Job Retention Scheme/ Furlough Grant, Government Announcement 29th May 2020   On 29th May the Chancellor announced furlough grant rule changes up to the end of the government grant on 31st October 2020. https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme   https://www.gov.uk/government/news/chancellor-extends-self-employment-support-scheme-and-confirms-furlough-next-steps   Main headlines are :-   The final date…

DSM Chartered Accountants news update 15th May 2020 – PAYE employees Covid-19 home working tax allowance   Employees who are now working from home because their work place is closed, may be able to claim tax relief for some of the bills they have to pay. From 6 April 2020 your employer can pay you…

DSM Chartered Accountants business news update 13th May 2020 –  Job Retention/Furlough Pay Grant AND Business Closures Update   Job Retention Scheme Grant Yesterday, 12th May, the Chancellor announced the Job Retention Scheme grant, also known as the furlough pay grant, will be extended in its current form until 31st July 2020. From August to…

The government supported new “Bounce Back” bank loans for businesses went live yesterday 4th May 2020. This new loan scheme allows almost all businesses, who were trading before 1st March 2020, to apply for a maximum £50,000 or a lower amount equating to 25% of annual turnover in the business financial year ending in 2019….

DSM Chartered Accountants Business News 27th March 2020 (No 2) – Government ‘Job Retention Scheme’, also known as the 80% furlough wages grant Under the radar of the Chancellor’s major announcement at 5pm on 26th March 2020 of the new self-employed support grant, HMRC also published the new rules on the 80% furlough wages grant…

DSM Chartered Accountants Business News 27th March 2020 – Self-employed income support grant scheme. The Chancellor announced the new ‘self-employment income support scheme’ grant, at 5pm on Thursday 26th March 2020. Following this announcement HMRC published the detailed rules which can read in the below link to the HMRC website :- https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The main points…

DSM Chartered Accountants – Business Coronavirus News update, 24th March 2020   1. Government updates and information for business :- The below links have the latest Government advice for businesses, following the PMs address at 8.30pm on 23rd March. https://assets.publishing.service.gov.uk/…/230320_-_Revised… https://www.gov.uk/…/guidan…/covid-19-support-for-businesses   2. Government support with tax and VAT liabilities :- VAT Return liabilities coming…

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