Insights

Furlough Extension Announced

Furlough Extension Announced

The weekend brought the announcement that a four week period of restrictions will start in England on Thursday. As part of the supporting measures, the Job Retention Scheme will be extended throughout the UK in November. Broadly this will operate on the same basis as...

Welcome Updates to the Job Support Scheme

Welcome Updates to the Job Support Scheme

The Chancellor has significantly expanded the Job Support Scheme after objections from businesses, particularly those in areas under restrictions (including Northern Ireland) that they are facing massively reduced demand but less support from the government. Under the...

Self-Employment Income Support Scheme

Self-Employment Income Support Scheme

The deadline for the second grant of the Self-Employment Scheme is 19th October, those who have yet to make their submission should do so urgently. In delivering his Winter Economic Statement on 24 September, the Chancellor announced a welcome extension to this...

Time to Talk Inheritance Tax Planning 

Time to Talk Inheritance Tax Planning 

Are your tax affairs in order, have you minimized your Inheritance Tax liability and ensured your family knows your wishes? In these uncertain times, people should be looking to the future which includes thinking about health insurance, life insurance, pensions and...

Brexit  – Now is the time to address some key questions

Brexit  – Now is the time to address some key questions

Unfortunately, as we are getting closer  to 1 January 2021 and the end of the transition period, there is still an absence of clear information / guidance on how Northern Ireland Businesses in particular are to operate post Brexit. This does not however mean that we...

Construction Sector Report

Construction Sector Report

The latest Construction Sector Report by our colleagues at MHA shows a stark divide in today’s Construction sector, between those who were able to capitalise on the opportunities presented by COVID-19, and those who struggled to finance their way through lock down. To...

Tax Relief for Your Capital Expenditure

Tax Relief for Your Capital Expenditure

If you are planning any significant capital expenditure you should ensure it is before 31 December 2020 to maximise tax relief. The current £1m Annual Investment Allowance (AIA) limit is only available for qualifying expenditure incurred in the two calendar years -...

Deadline Approaching for Notifying HMRC of Overclaimed JRS

Deadline Approaching for Notifying HMRC of Overclaimed JRS

Organisations that have overclaimed a Job Retention Scheme grant and have not yet notified HMRC should act now. You must notify HMRC by the latest of either: 90 days after the date you received the grant you were not entitled to 90 days after the date you received the...

Invest NI Operated Support Schemes Launched

Invest NI Operated Support Schemes Launched

Two new initiatives operated by Invest NI open today. Digital Selling Capability Grant The £1 million Covid-19 Digital Selling Capability Grant will provide a maximum grant of £20,000 to eligible small and medium-sized retailers to support 50% of eligible costs....

New Government Support Schemes

New Government Support Schemes

Covid-19 Recovery Revitalisation Scheme The Department for Communities and the Department of Agriculture, Environment and Rural Affairs have announced an investment of £11m to support organisations in their economic recovery from the impacts of Covid-19. The funding...

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