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COVID-19: SSP Relaxations

COVID-19: SSP Relaxations To help employees and businesses manage the Coronavirus outbreak, a number of relaxations have been made to the statutory sick pay (SSP) rules. They apply from 13 March 2020. Details are on the Gov.uk website. SSP payable from day one...

COVID-19: Business rate relief and grants

COVID-19: Business rate relief and grants To help business affected by the COVID-19 pandemic, the Chancellor announced a number of measures effected through the business rates system. Business rate retail relief increased and extended At the time of the 2020 Budget,...

Budget 2020 – rates and allowances

Budget 2020 – rates and allowances The Chancellor, Rishi Sunak, presented his first Budget on 11 March 2020, confirming the rates and allowances applying for the 2020/21 tax year. The following key rates and allowances were announced. Full details of the rates...

Off-payroll working rules delayed

Off-payroll working rules delayed In a surprise move, the Government have announced that the reforms to the off-payroll working rules have been delayed by one year and will now come into effect from 6 April 2021. The delay is to help businesses affected by the...

Using capital losses

Using capital losses Where capital gains tax would be payable on a gain made on the disposal of an asset, if the disposal results in a loss, the loss is an allowable loss for capital gains tax purposes. Gains in the same tax year In the event that capital gains are...