In our regular Q&A series, Croner Taxwise VAT adviser Tony Chamberlain reviews changes to the temporary reduced rate of VAT for supplies of catering, holiday accommodation and admissions to attractions from 1 October
Scotland spent an estimated £8.6bn on Covid-19 support and grants in 2020/21 in response to the pandemic but needs to manage finances carefully going forward
The number of people on furlough has fallen to the lowest level since the start of the pandemic as the UK economy continues to recover and businesses reopen
The latest coronavirus job retention scheme (CJRS) figures show that 58% of passenger air transport and 49% of travel agency staff were still on furlough at the end of June
In HMRC’s most recent performance update spanning April to June 2021, it reports that by the end of the first quarter (Q1) in 2021-22, the debt balance had dropped by 13% to £50bn
Accountancy and bookkeeping firms have managed to weather the pandemic well with just over half of firms managing to maintain their client base over the period
Accountancy firm MHA Moore and Smalley is rolling-out Juggl Desks, a cloud-based desk management solution to enable a safe return to the workplace for its partners and staff
In a bid to support the live events sector, the government has launched a specific insurance scheme worth over £750m to protect against covid related cancellations
Around 660,000 jobs will likely still need furlough when the scheme ends in September with thousands being pushed into unemployment if the government doesn’t extend it past the deadline
HMRC has confirmed that the penalty regime for non-payment of VAT due to the deferred VAT scheme introduced at the start of the pandemic is now in place
HMRC staff will be able to continue working even if they receive a ping notification that they have been exposed to covid-19 in the latest amendment to self isolation rules
