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Coronavirus – Business Support Update – 27/03

March 27, 2020

The Government has issued further detailed guidance regarding the Coronavirus Job Retention Scheme, the measure designed to support 80% of the cost of furloughed workers.  The full guidance can be found here and we strongly recommend that all our employer clients read it carefully and in full: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme Key points to highlight are: Eligible businesses…Read More

Coronavirus – Business Support Update – 26/03

March 26, 2020

This evening the Chancellor announced further measures in support of the self-employed during the Coronavirus crisis.  After the hype over the last few days, it may feel like an anti-climax for many, given the number of caveats applied.  Key points from his speech are as follows: Those self-employed individuals who have been adversely affected by…Read More

Coronavirus – Business Support Update – 25/03

March 25, 2020

Further information regarding the Government grant schemes (both Small Business Grant and Retail, Hospitality and Leisure Grant) has now been published and can be found here: https://www.gov.uk/government/publications/coronavirus-covid-19-guidance-on-business-support-grant-funding Key points to be aware of are: A business’ eligibility will be based on its registration with its local authority and rateable value as at 11 March 2020…Read More

Coronavirus – Business Support Update – 23/03

March 23, 2020

As of today, the Coronavirus Business Interruption Loan Scheme (“CBILS”) is now available to SMEs, being those with turnover of less than £45m.  Whilst the scheme is being managed by the British Business Bank, it is now apparent that businesses must approach banks directly to access the facilities.  In the first instance, businesses are advised…Read More

Coronavirus – Business Support Update – 21/03

March 21, 2020

The Government has published updated guidance for businesses https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses and employees https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees.  We would recommend that all clients take the time to read both of these and contact us if they have any further queries. The guidance has provided clarity on a number of points from the Government’s press conference of 20 March: The support…Read More

Coronavirus – Business Support Update – 20/03

March 20, 2020

At the end of an extraordinary week for British businesses, the Chancellor has announced another raft of unprecedented measures to support businesses and employees through the Coronavirus crisis.  A summary of the announcements is as follows: Bars; restaurants; cafes; pubs; leisure centres; theatres; and cinemas will be asked to close indefinitely tonight. The Government will…Read More

Coronavirus – Business Support Update – 18/03

March 18, 2020

The Government has now updated its published guidance for yesterday’s announcements.  More detail can be found here: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses In summary: Statutory Sick Pay is extended for small employers (fewer than 250 employees) so that it kicks in from the first day that employees are ill or asked to self-isolate and will cover up to 2 weeks…Read More

Coronavirus – Business Support Update – 17/03

March 17, 2020

The Government has announced extraordinary new support for businesses and individuals needing financial assistance during the Coronavirus crisis, including: £330bn in accessible, government-backed loans available to all businesses.  For small businesses, facilities of up to £5m will be available, with no interest payable in the first 6 months.  This should be available from the start…Read More

Understanding Investors’ Relief

November 22, 2018

In the final part in our 4-part series on some of the tax-efficient investment strategies that help plan for and mitigate capital gains tax (“CGT”) liabilities, we’re looking at Investors’ Relief (“IR”) – an associate of Entrepreneurs’ Relief (“ER”). Investors’ Relief Billed as an extension to ER, Investors’ Relief will, once made available, in fact…Read More

Understanding Entrepreneurs’ Relief

October 19, 2018

In the third in our 4-part series on some of the tax-efficient investment strategies that help plan for and mitigate capital gains tax (“CGT”) liabilities, we’re looking at Entrepreneurs’ Relief (“ER”) – a key relief available on the disposal of business assets. Entrepreneurs’ Relief Introduced by the Labour government a decade ago, Entrepreneurs’ Relief was…Read More

Understanding the Enterprise Investment Scheme

September 26, 2018

In the second in our 4-part series on some of the tax-efficient investment strategies that help plan for and mitigate eventual capital gains tax (“CGT”) liabilities, we’re looking at the Enterprise Investment Scheme (“EIS”), the bigger brother of the Seed Enterprise Investment Scheme (“SEIS”). To read our article on the benefits of SEIS, click here…Read More

Understanding the Seed Enterprise Investment Scheme

August 30, 2018

In the first in our 4-part series on some of the tax-efficient investment strategies that help plan for and mitigate eventual capital gains tax liabilities, we’re explaining a little more about the tax advantages of the Seed Enterprise Investment Scheme (“SEIS”). The Seed Enterprise Investment Scheme Given that these articles are focused on the tax…Read More

Payments on Account Explained

July 20, 2018

In this month’s article, Walpole Dunn explores the purpose of the payments on account system; the calculations that underpin them; and the top tips to help you manage them. After the prolonged good weather and an unthinkable football World Cup run, it’s hard to remember having had a better July in recent years.  However, despite…Read More

Taxing #cryptogains

June 20, 2018

Today we are talking about cryptocurrency tax – the whirlwind world of cryptocurrency continues to split opinion.  Some see it as the future of trade, taking power away from governments and “the establishment”.  Others remain baffled as to how it works, its legitimacy and security, and its longevity given the established structures we have.  And…Read More

Down but not out: the Enterprise Management Incentives scheme lives on

May 23, 2018

After what looked like a huge bureaucratic clanger dropped by the UK government had left the future of the UK’s Enterprise Management Incentives (“EMI”) share scheme in doubt, the European Commission (“EC”) has announced the renewal of the UK’s EMI ‘licence’, confirming that the scheme can continue at least until the UK has formally left…Read More

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