Insights
Convenience Retailing: 2020 in Focus
By Stephen McConnell, Business Services Partner 2020 has certainly been a challenging year for businesses not only here in Northern Ireland, but globally. Locally, city centre locations are of course struggling. Office workers are working from home and so vital...
Updated Furlough Guidance
Following the recent announcement of the new lockdowns across the UK and the closure of schools, there will be many employees who are, again, struggling to juggle the demands of work and home schooling their children. HMRC has updated its guidance for employers as...
Your Christmas Gift – Peace of Mind
Almost every business owner would agree that 2020 has been one of the most challenging years. Firstly, Covid 19’s impact on business closures and with the looming impact of Brexit largely still to be felt, who knows what is around the corner? However, as has been said...
Cashflow Considerations – Deferring Vat Payments
If under the relaxations for Covid 19, you deferred VAT during the first lockdown between 20 March and 30 June 2020 and still have payments to make, you can pay the deferred VAT in full on or before 31 March 2021 or opt in to the VAT deferral new payment scheme when...
£1million Tax Break to Stimulate Investment in UK Manufacturing
The Annual Investment £1million cap has been extended to 01 January 2022 (originally due to revert to £200K on 01 January 2021). HMRC has extended the £1million Annual Investment Allowance to boost confidence as companies look to weather the pandemic and plan for the...
Are any of your employees EU Nationals? Have they applied for the EU Settlement scheme?
If any of your employees are EU, EEA or Swiss citizens, they and their family will need to apply to the EU Settlement Scheme to continue living and working in the UK after 30 June 2021. The EU Settlement Scheme applies to all EU, EEA or Swiss Citizens (excludes...
The Five Benefits of AutoEntry
Working with businesses throughout the pandemic has shone a light on the necessity for real time information and the value of AutoEntry. Jamie Treacy, Assistant Manager in the Business Services Department, looks at the trends and five key benefits. One thing that has...
Northern Ireland Protocol Customs Duty and VAT
Important information for businesses who move goods between Great Britain and Northern Ireland from 1st January 2021. Trader Support System (TSS) Due to the UK’s obligations under the Northern Ireland Protocol, customs declarations will be required when moving goods...
Talking Tax at Christmas
2020 has been a year like no other and so it is hard to believe that the festive season is upon us once again. Normally, Christmas is a time for staff parties and team lunches. However, as we are faced with continuously changing rules on social distancing and...
Applying for Job Retention Scheme Payments
From today, online applications can be made for the JRS for periods from 1 November. Claims for November must be made by 14 December. What’s new in the support available CJRS has been extended to 31 March 2021 for all parts of the UK. From 1 November, the UK...
Further Extension to the Furlough Scheme
The Government has announced a further extension to the Coronavirus Job Retention Scheme as part of its financial support for businesses in light of ongoing nationwide and regional restrictions. The CJRS (or the furlough scheme as it is often called) was due to close...
Supporting Employees Through Uncertain Times
By Consulting Partner Donal Laverty Covid-19 has fast-tracked our future of work and changed how and where we work. Many of us now find ourselves returning to our homes (if we ever left them) to sit out this new lockdown and return to our kitchen tables and pick up...
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