Nichola's SME Tax W-update 4 June 2020

Last Updated: 30 August 2023

Hello, 

The government has been tweaking many of its Coronavirus support grants, funds and other measures in the last week. It is worth having a read through our Government Support Tracker for recent updates and additions. My highlights of the latest news are as follows:

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COVID-19: Discretionary Grant Fund

Last Updated: 17 November 2020

A Discretionary Grant Fund is available for small and micro-businesses that are adversely affected by the Coronavirus and are not eligible for other grant schemes.

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Taxation of COVID-19 support payments

Last Updated: 30 August 2023

The government has opened a new consultation ‘Taxation of Coronavirus (COVID-19) support payments’ on draft legislation which includes measures to tax the grants available, recover payments from businesses not entitled to them and penalise deliberate non-compliance.  

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Nichola's SME Tax W-update 28 May 2020

Last Updated: 30 August 2023

Hello, 

We are covering quite a variety of topics featuring 'the home' this week and we continue to update the COVID-19 support tracker.

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Nichola's SME Tax W-update 21 May 2020

Last Updated: 30 August 2023

Hello, 

As COVID-19 lockdown measures are gradually relaxed and Brexit negotiations continue, now is the time to start planning for the future, whatever that holds.

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Government ignores Lords’ views on Off-Payroll rules

Last Updated: 30 August 2023

Draft legislation dealing with Off-Payroll Working in the Private Sector from April 2021 has been added to Finance Bill 2020 despite the recent conclusions by the House of Lords' Economic Committee that the rules are flawed and need a re-think.

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  1. Nichola's SME Tax W-update 14 May 2020
  2. COVID-19: Option to tax deadline extended
  3. Claim a grant under the Self-Employed Income Support Scheme (closed)
  4. Nichola's SME Tax W-update 7 May 2020
  5. Tax Agents unable to access SEISS claim portal

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