skip to navigationskip to main content

Practice News

Government Guidance Videos for Coronavirus Support Schemes

Posted 03/06/2020 The Government have uploaded videos to provide guidance with:– Running your business through the coronavirus pandemic– Coronavirus Job Retention Scheme– Self-Employment Income Support Scheme– Statutory Sick Pay (SSP) rebate scheme– Helping employers support employees The guidance also provides a link to HMRC’s digital assistant for if you require more information about coronavirus support…Read More

Self-Employment Income Support Scheme Update – Announced 29/05/2020

Posted 30/05/2020 The Chancellor has announced plans to extend the Self-Employment Income Support Scheme (SEISS) for those people whose trade continues to be, or are newly, adversely affected by COVID-19 (coronavirus). Eligible self-employed people will be able to claim a second and final SEISS grant in August. This will be a taxable grant worth 70%…Read More

Coronavirus Job Retention Scheme Changes – Announced 29/05/2020

Updated 30/05/2020The Chancellor has announced three changes to the job retention scheme: From 1 July 2020, the scheme will be made more flexible to enable employers to bring previously furloughed employees back part time and still receive a grant for the time when they are not working. From 1 August 2020, employers will have to…Read More

Stoke-on-Trent Local Authority launches Discretionary Grant Fund

Posted 29/05/2020 Stoke-on-Trent Local Authority have launched a discretionary fund to support small businesses.  The scheme will be open for applications from Thursday 28th May to Wednesday 3rd June at 5pm. Who is eligible for the relief? Local Authority Discretionary Grants Fund payments are to be primarily and predominantly aimed at: small and micro businesses;…Read More

Cheshire East Launches Discretionary Fund for Prioritised Businesses

Posted 28/05/2020 Cheshire East Council has launched a £4.28m discretionary fund to support small businesses.  The scheme will be open for applications from Monday (1 June) at 8am. The council is asking prioritised businesses that think they may be eligible, to prepare their evidence in advance – as allocation will be on a first-come-first-served basis. …Read More

New Capital Gains Rules For Residential Properties

Posted 27/05/2020 From 6 April 2020, Capital Gains made on residential property disposals should be reported to HMRC and the resulting tax paid within 30 days of completion. For any up to date extensions to the filing date due to Covid-19, please see the Government guidance below. Any gain is reported through your Government Gateway…Read More

Cheshire West & Chester Discretionary Grants Fund – Deadline 1st June 2020

Posted 19/05/2020 Cheshire West & Cheshire Local Authority have released details of their Discretionary Grants Fund. Additional funding was made available to allow them to further support small businesses that have been affected by COVID19 but are outside the scope of the existing small business grants scheme and retail, hospitality and leisure scheme. Eligibility Eligible…Read More

Coronavirus Statutory Sick Pay Rebate Scheme to Launch on 26th May

Posted 19/05/2020 A new online service will be launched on 26 May for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees due to coronavirus (Covid-19), the government announced today (19 May 2020). This scheme will allow small and medium-sized employers, with fewer than 250 employees, to…Read More

Chancellor Announcement on the Future of the Job Retention Scheme

Posted 12/05/2020 The Chancellor has today announced the following: – The Job Retention Scheme will be extended, for four months, until the end of October. – Until the end of July, there will be no changes to the scheme whatsoever. – From August to October the scheme will continue, for all sectors and regions of…Read More

A Revised Version of the Job Retention Scheme Guide Has Been Released to Clarify the Application/Calculation Process

Posted 11/05/2020 The Government have today published a revised version of the Job Retention Scheme Guide that is clearer and includes recent additions to the process. https://www.gov.uk/government/publications/coronavirus-job-retention-scheme-step-by-step-guide-for-employers?utm_source=73b46ff3-74f7-4a6d-a97b-e14a240d14c0&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate Following feedback from users, they have also updated the online service and issued the following updated advice/information to help you to apply correctly and reduce the chance of…Read More

New Government Funding to Support Dairy Farmers Through Coronavirus

Posted 06/05/2020 The Government have today announced a new fund that will enable dairy farmers in England access to up to £10,000 each to help them overcome the impact of the coronavirus outbreak. With some dairy farmers facing financial difficulties and excess milk, the new fund will provide support for those most in need. Eligible…Read More

The Self-Employed Income Support Scheme Goes Live on 13th May, But When Will You Receive The Grant?

Posted 05/05/2020 The Self-Employment Income Support Scheme goes live on 13th May, but not everyone can claim on that date. If you follow the eligibility checker in the link below, it will tell you if you are eligible and from what date you can apply. https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference When you have submit your claim on your allocated…Read More

Discretionary Local Business Grants funds scheme

Posted 04/05/2020 A discretionary fund has been set up to help small businesses previously outside the scope of the business grant funds scheme but who have ongoing fixed property costs e.g. businesses in shared spaces, regular market traders, small charity properties and bed and breakfasts. However, Local authorities may also choose to make payments to…Read More

Subscribe to our newsletter

Our monthly newsletter contains a round up of the latest tax news and updates of what's happening at Hammond McNulty

As a subscriber you will automatically receive our newsletter direct to your inbox

Please read our Privacy Policy before signing up