Perhaps the most innovative give-away in the recent budget was “Super-deductions for investment expenditure”. What does this mean? Companies that invest in qualifying plant and machinery in the period from 1 April 2021 to 31 March 2023 will benefit from enhanced capital allowances. Investments in…
Year: 2021
New funding for high streets and seaside resorts
The government has announced new measures to support a safe and successful reopening of the high streets and seaside resorts ahead of the summer season. A new £56 million Welcome Back Fund will help councils boost tourism, improve green spaces and provide more outdoor seating…
The Finance Bill 2021
An outline of the Finance Bill 2021 has been published and provides the legal framework for changes announced in the recent Budget. We have reproduced below the published text. This is subject to scrutiny by parliament and may change before the Bill receives Royal Assent.…
HMRC clarifies furlough queries
HMRC has recently clarified the action you need to take if you have claimed too little or too much under the furlough scheme (Coronavirus Job Retention Scheme). They are published in a FAQ format. Here’s what they say: What if I’ve claimed too much in…