Finance Minister Conor Murphy of the Northern Ireland Executive has updated the Assembly on the Draft Budget and additional funding. Minister Murphy said he intends: “to proceed to freeze both domestic and non-domestic regional rates next year, which will help with the rising costs faced by families and businesses. Unfortunately I cannot extend this to...
The new guidance for the additional £102m Additional Restrictions Grant (ARG) funding is similar to the previous guidance. This third top-up is being allocated to councils on a per business basis, as per previous tranches. Some of the key features are: Unlike previous tranches, councils are not allowed to use this new funding for business...
The Scottish First Minister has announced a series of new measures to slow the spread of Omicron. From 05:00 on 26 December, attendance at large events will be limited – to 100 people for indoor standing events, to 200 people for indoor seated events, and to 500 people for all outdoor events seated or standing....
The Chancellor has today (21 December 2021) announced that additional support will be available for businesses that have been impacted by the Omicron variant. The package of support includes the reintroduction of the Statutory Sick Pay Rebate Scheme, a new grant scheme for businesses in hospitality and leisure and a top up to the Additional...
In light of the announcement in the autumn Budget, the details of the recovery Loan Scheme have been updated. From 1 January 2022, the following changes will come into force: The scheme will only be open to small and medium sized enterprises The maximum amount of finance available will be £2 million per business The...
Among the highlights is a new 50 percent business rates discount for businesses in the retail, leisure and hospitality sector, up to £110,000. General economic status: GDP Growth is set to rebound and is now forecast to be 6.5% this year, up from 4% forecast in March’s economic and fiscal outlook. This will be followed...
HMRC has updated the guidance on CJRS payments to say that if a business has overclaimed for one employee, they can offset this by an amount, equal to any amounts that they’ve underclaimed for another employee included in the same claim period. For example,if a business claimed £4,000 for 1 June 2021 to 30 June...
The deadline for making a furlough claim has now ended. However, HMRC will accept late claims from claim periods from 1 November 2020 if you have: taken reasonable care to try and claim on time a reasonable excuse claimed as soon as your reasonable excuse no longer applies. You may have a reasonable excuse if...
Below is a Written Answer in the House of Commons by the Department for Digital, Culture, Media & Sport Answered on: Monday 27 September 2021 Catherine West (MP for Hornsey and Wood Green): “To ask the Secretary of State for Digital, Culture, Media and Sport, what financial support will be made available to the tourism...
The Insolvency Service has announced that regulations are set to be laid that will mean restrictions on statutory demands and winding up petitions will remain for a further three months until 30 September 2021 with a view to protecting companies from creditor enforcement action where their debts relate to the pandemic.