Blog
The impacts of Brexit and coronavirus (COVID-19) on UK trade in services: July 2021
The Office for National Statistics (ONS) have produced a report recently produced a report showing a noticeable change in UK trade, much of which is likely to be due to the fall in world trade and disruption to global supply chains as a result of the coronavirus pandemic and global recession.
Coronavirus Job Retention Scheme (CJRS) update
CJRS claims for July can now be submitted and must be made by Monday 16 August.
Coronavirus and its impact on UK hospitality: January 2020 to June 2021
The Office for National Statistics (ONS) have released a survey on the hospitality sector during coronavirus) with a focus on the most recent easing of restrictions in spring 2021. This Includes details of how the sector has performed and the future of employment in hospitality.
New Policy Papers and Consultations
On 20 July 2021, the Treasury and HMRC issued a number of policy papers and consultations flagging up possible future tax changes. Draft legislation for inclusion in the next Finance Bill has also been issued alongside some of the measures.
New Late Filing and Late Payment Penalties
The new regime will apply to periods starting 1 April 2022 for VAT and 6 April 2023 for income tax to coincide with the roll-out of MTD. For non-MTD taxpayers submitting ITSA returns the start date will be 6 April 2024.
Welsh Government support for businesses impacted by Covid restrictions
Businesses in Wales that continue to be affected by Covid restrictions will receive up to £25,000 of additional support from the Welsh Government
Coronavirus Job Retention Scheme (CJRS) – update
The government has extended CJRS until 30 September 2021. From 1 July 2021, the government will pay 70% of wages up to a maximum cap of £2,187.50
UK Trade Tariff: duty suspensions and tariff quotas
Duty suspensions are designed to help UK and Crown Dependency businesses remain competitive in the global marketplace. They do this by suspending import duties on certain goods, normally those used in domestic production.
Support your staff’s Financial Resilience and Wellbeing
The Welsh Government is asking employers to help by partnering with a credit union to offer work based payroll savings and access to affordable credit.
Ground-breaking One-Stop-Shop Partnership Between Leading Welsh Accounting Practice and Pioneering IT Specialists
Bevan Buckland LLP, which is headquartered in Swansea, has launched a partnership with Tech-Wales Ltd, a Port Talbot based IT outsourcing and consultancy firm, to deliver technology advice and solutions to clients investing in technology advancements.
HMRC publish details of the Fifth SEISS grant claim
Full details of the fifth Self-Employed Income Support Scheme (SEISS) grant, including a new turnover test which determines the level of the grant, were published by HMRC on 6th July.
Start-up social enterprises
The SE-Assist Wales Fund offers blended finance packages which can be used to help you grow, become more sustainable or increase your business capacity
