With the technology behind electric vehicles improving year on year, it’s no surprise that switching to an electric car is an increasingly enticing option for drivers. As well as the environmental benefits, as a business owner, it could also make a lot of financial sense. The main financial advantages are: Extremely low benefit in kind rate The…
Today, Rishi Sunak has unveiled his latest plans to MPs in the House of Commons, to deal with the current cost of living crisis. Increased activity as the economy emerges from Covid-19 restrictions, the war in Ukraine, national minimum wage increases, and rising food prices are all resulting in upward pressure on prices. The Office…
Today, Rishi Sunak has unveiled the latest budget to MPs in the House of Commons, which includes the government’s latest plans on taxation and spending policies. This is the second budget of the year, following on from the previous March statement, illustrating the ever-changing environment and quick responses the government has needed to make to…
A new fund designed to help local firms prosper has been launched by East Devon District Council (EDDC). This recovery focussed fund is designed to support innovative projects that: support business diversification and the development of new and innovative products enable carbon reductions and biodiversity enhancements enable and safeguard high value jobs offer inclusive opportunities…
When we summarised last year’s budget highlights, the idea that the focus would still be on combating Covid-19 a year later seemed remote. With large scale economic uncertainty still present in many of our business sectors, it is likely that conversations regarding the UK’s recovery will be heard for some time to come. The chancellor,…
As part of the government’s funding strategy for Covid-19 last year, over half a million businesses deferred VAT payments that were due between 20 March – 30 June 2020. Businesses that still have outstanding VAT from this period can choose to pay the deferred VAT in full on or before 31 March 2021 or join…
Additional business grants – Retail, Hospitality & Leisure As we begin the third national lockdown in the last 12 months, the chancellor has announced a new support package for affected businesses. This particular grant scheme targets UK businesses in the retail, hospitality and leisure sectors. Value of the grant The grant will be awarded as…
Changes to the way VAT works came in to play on 1 January 2021 when the Brexit transition period ended. Whilst there have been minimal changes to VAT treatment on UK domestic transactions, there have been a number of differences to VAT treatment on international transactions. Importing goods from the EU The rules that currently…
In what has been a turbulent year for businesses across the UK, we are delighted to be able to announce the opening of our third office, just two years after opening our Exeter-based site. The new office is located near Axminster and functions as a new home for our payroll operations. Misty Nickells, who only…
With a second national lockdown commencing on Thursday 5th November, the chancellor Rishi Sunak has announced an extension to the Coronavirus Job Retention Scheme (CJRS). The scheme will now run until December when it is replaced by the Job Support Scheme. Eligibility – CJRS Version 3 Unlike the second iteration of the CJRS, all employers…