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Practice News

Vat Deferral New Payment Scheme (update 22 February 2021)

VAT deferral new payment scheme – join from 23‌‌‌‌ February If businesses deferred paying VAT due in the period from 20‌‌‌‌ ‌March to 30‌‌ ‌June‌‌ ‌2020 and can’t afford to pay by 31‌‌ March‌‌ ‌2021, they can join the VAT deferral new payment scheme and pay their deferred VAT over a longer period. The online service…Read More

NEW DISCRETIONARY GRANT SCHEME ANNOUNCED (10 FEBRUARY 2021)

Highland Council has announced today that a new Grant Scheme has opened with funding from the Scottish Government.   The grant is aimed at businesses who have suffered a significant reduction in trade and can be claimed by businesses who have not received a grant from other Scottish Government Covid-19 support schemes.   The grant…Read More

Support announced for the wedding sector (25 January 2021)

The Scottish Government has announced a £25m fund has been launched to support the wedding sector hit by “severe impact” of pandemic.   The fund will provide one-off grants for eligible businesses in the sector – including wedding venues, photographers, florists, caterers and suppliers.  More details:- https://www.gov.scot/news/supporting-the-wedding-sector/  

Temporary Business Closure Grant (Highland Council update 11 January 2021)

Business Closure Grant Scheme open for applications   The Highland Council today launched the Temporary Business Closure Grant. This grant is available for businesses who have had to close due to the COVID-19 protective measures introduced on Boxing Day. The Closure Grant operates as a two-tiered scheme, with a grant of £2,000 for premises which…Read More

Business Grant Application Update (22 December 2020)

With Highland going into Tier 4 on 26th December a wide range of businesses should be able to apply to the Scottish Government’s Business Temporary Closure Fund for grant aid which will be delivered by the Highland Council. The Highland Council are looking to publish information on eligibility and grant arrangements in the week commencing…Read More

Deferral of Vat payments due to COVID-19 (update)

On 24 September 2020, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, you can make smaller payments up to the end…Read More

Winter economy plan

The new Job Support Scheme (which replaces the Furlough Scheme) will be introduced from 1 November 2020 and will run for 6 months. An extension for the Self Employment Support Scheme for the period November 2020 to April 2021 Hospitality vat reduced rate of 5% will run to 31 March 2021 (previously 12 January 2021)…Read More

Further funding for tourism

Two new funding packages worth £15 million will support the tourism sector as it continues to feel the impacts of the coronavirus (COVID-19) pandemic. A £14 million Hotel Recovery Programme will help to secure up to 3,000 jobs at Scotland’s larger hotels until the start of the summer 2021 tourism season. Eligible businesses can apply…Read More

VAT: reduced rate for hospitality, holiday accommodation and attractions for the period 15 July 2020 to 12 January 2021

Please see below link from HMRC regarding the new reduced rate:- https://www.gov.uk/guidance/vat-reduced-rate-for-hospitality-holiday-accommodation-and-attractions?utm_campaign=612521_Copy%20of%20FindBusinessSupport%20-%20COVID-19%20Updates%2083&utm_medium=email&utm_source=Scottish%20Enterprise&dm_i=4X7B,D4MH,3QL1OW,1HR3M,1 Please also see Vat Notice 700 – sections 30.7.4 to 30.9.2 for information on how to use special provisions for when a tax rate or liability goes down:- https://www.gov.uk/guidance/vat-guide-notice-700#changes-in-tax-rates-and-liability

Job Retention Bonus and updates on CJRS Scheme

Job Retention Bonus Today the Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31‌‌‌ ‌January 2021. The bonus will provide additional support to retain employees. To be…Read More

COVID-19 Bed and Breakfast Grant

As part of its response to the COVID-19 emergency, the Scottish Government is making grants available from 15 June 2020 to Bed and Breakfast operators who did not qualify for any other COVID-19 grant support schemes. These businesses may be eligible for a single, one-off £3,000 grant and the Scottish Government has asked the Council…Read More

Self Employment Income Support Scheme (update 12 June)

Please see link below for details of the second and final grant claim available. You will be able to make a claim for the second grant in August 2020. Please note you can claim for the second grant even if you did not make a claim for the first grant. https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

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