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Month: March 2020

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Contactless Limit to Increase

Contactless Limit Increase The spending limit for contactless card payments will be increased from £30 to £45, with a national roll-out beginning from 1 April 2020, UK Finance has announced. The decision to raise the limit was taken following consultation between the retail sector and the finance and payments industry and follows similar increases in…
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Covid-19: Help For Business Summary as at 29th March 2020

Here is a summary of the help the government have announced for the self employed, business and employers as at 29th March 2020 but subject to change as the government issue more details. Self Employed and Partnerships Self Employed Income Support Scheme This scheme will allow you to claim a taxable grant worth 80% of…
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Covid-19: The Job Retention Scheme – Update 27th March 2020

Job Retention Scheme – Update 27th March 2020 The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. HMRC expect the scheme to be up and running by the end of April. It is designed to support employers whose operations have…
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Covid-19: Help for the Self Employed

After some waiting the Chancellor has now announced the help that will be made available to the self employed besides that he has already announced such as Universal Credit and mortgage holidays. Here are the details: Self Employed Income Support Scheme This scheme will allow you to claim a taxable grant worth 80% of your…
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Covid-19: Help for Business Update 22nd March 2020

Here is an update with the measures so far put in place by HM Government to hep support businesses For self employed, sole traders, partnerships and owner run Limited Companies: At the moment the assistance offered to this group is very limited however there is further downward pressure on the Chancellor to provide something more…
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Covid-19: Working from home ? Tax implications for employed and self employed

For many, a period of enforced working from home is now inevitable as we fight the coronavirus (Covid-19). It won’t be everyone’s first consideration but there are tax implications in doing so. Here’s what you need to know. Employees For a start, most employees should be able to claim tax relief for some of the…
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Covid-19 Help for the businesses and employees

With the country in the grip of an unprecedented health danger none of us are likely to not be touched by this whether we are a small company, self employed landlord or employed. As we know the government issued some financial measures to help business in the recent budget but with the advice of the…
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