Key Points Introduction of an enhanced superdeduction equal to 130% for expenditure on certain items of plant or machinery.on qualifying expenditure on plant or machinery from 1 April 2021 to 31 March 2023.if a company spends £1,000 on qualifying items of plant and machinery within the dedicated
Job Support Scheme – Key Points
Covid-19 and the Impact on Small Business
At peak of the Covid-19 lockdown, small business revenues fell by 27% in the United Kingdom. Four key themes have emerged so far: The trading and border restrictions, needed to tackle the health crisis, had a significant impact on small business.Once restrictions were eased small business
COVID-19 Self-Employment Income Support Scheme (SEISS)
Background The Chancellor announced the following new measures on 26 March 2020. Support for the self-employed during the coronavirus crisis: A taxable grant of the lower of: £7,500 and80% of your average monthly profits over the three years 2016/17, 2017/18 and 2018/19.Initially capped for
Covid-19 – Bounce Back Loans
Small businesses (limited companies, sole traders and partnerships) are eligible for the government-backed bounce back loans of between £2,000 and £50,000 to help them through the Covid-19 outbreak. Small business owners can apply to accredited lenders by filling out a simple online form which has