Some welcome news – Annual Investment Allowance extension

The Treasury has announced that the temporary extension of the £1 million cap for the Annual Investment Allowance (AIA), which was originally due to revert to £200,000 on 1 January 2021, will now be extended until 1 January 2022. The government has recognised that uncertainty arising from Covid and Brexit means that, in many cases, […]...more

An update on the Coronavirus Job Retention Scheme for annually paid Directors

Following the latest announcement from the government on the extension to the Coronavirus Job Retention Scheme (CJRS), the eligibility criteria has been updated, which may now allow annually paid directors to be eligible for furlough from 1 November 2020. The original eligibility criteria meant that many annually paid directors missed out on the original CJRS […]...more

Important changes to the Job Support Scheme

Following the announcement made by the Chancellor on 22 October 2020, there are some significant changes to the new Job Support Scheme to be aware of....more

Welsh Government Economic Resilience Fund – Third Phase Important Update

Following on from the information we sent you on 12th October we have received further guidance today in connection with Welsh Government funding....more

Changes to the furlough scheme and future support

Coronavirus Job Retention Scheme As HMRC looks to end the CJRS, we have noticed that claims previously submitted by employers are now being subject to more in depth scrutiny and checks by HMRC. A growing number of employers have received ‘nudge’ letters from HMRC, these are for claims that are deemed to be of high risk […]...more

Economic Resilience Fund – Third Phase

The third phase of the Welsh Government’s Economic Resilience Fund (ERF) has been announced with a further £80 million of grant aid to support businesses, with £20 million of this specifically ring fenced to support tourism and hospitality businesses.  Who can apply? The business development grants will be open for 4 weeks from 26 October […]...more