We've answered a lot of client questions about the reduced rate of VAT on hospitality from 20% to 5% over the past week, so we’ve produced a short summary in plain English for those who think it may affect them.
Do any of the chancellor’s announcements help you & your business?
The Furlough Bonus, Eat Out to Help out Scheme, VAT reduction, Stamp duty threshold, Kickstart scheme
Full details are here: https://www.tiaccountancy.co.uk/kb/chancellors-summer-statement/
What are your thoughts, I’d like to know how they affect you
It is going to be a worrying time for those who have falsely claimed either of the Coronavirus grants
*VAT Holiday is over*
The VAT holiday is coming to a close. If you are VAT registered and have taken advantage of this extended payment service then we have the following details for you.
Are you worried about employees accrued holidays while on furlough?
https://www.tiaccountancy.co.uk/kb/accrued-holidays-while-on-furlough/ #furlough #holidays #holiday #employees #worried #smallbusiness