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Practice News

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:-,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:-

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.

Corona Virus Job Retention Scheme (update 12 June)

Please see link below for the update on CJRS which includes details on how the scheme will change on 1 July:-

Update: Coronavirus Job Retention Scheme

The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced yesterday (Tuesday 12 May 2020). For full details please see link below:-

Pivotal Enterprise Resilience Fund

This grant is for businesses that can play a critical role in supporting Scotland’s recovery but need some immediate support. It might be to get back up and running or to maintain or diversify your current operations. If you have the potential to continue trading and supporting employment but have an immediate cash flow challenge,…Read More

Vat on PPE

From 1 May 2020, PPE purchased by care homes, businesses, charities and individuals to protect against COVID-19 will be free from VAT for a three month period, please see link below:-,C1P8,3QL1OW,1CDAD,1

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