Coronavirus Business Interruption Loan Scheme (CBILS)
Benefits of Coronavirus Business Interruption Loan Scheme Up to £5 million facility — loan of amount up to £5 million. 12 months finance interest free — Government to cover interest for [...]
Blog
How to get Coronavirus grant from the government for small businesses?
On 17th March, the Chancellor to the exchequer, Rishi Sunak, announced that due to coronavirus (COVID-19) outbreak, cash grant will be offered to the small businesses for which the limit has been [...]
Government Announces ‘Unprecedented’ Measures for Small Businesses to Fight Coronavirus (COVID-19) Crisis
Download Our COVID-19 Guide Amidst deepening public health and economic crisis following global spread of Coronavirus, the government has announced economics measures ‘unprecedented in the history [...]
Budget 2020 summary: Key Points, Entrepreneur’s Relief to Stay
The Corona Virus resulted in an emergency rate reduction from 0.75% to 0.25% making it one of the first such reductions on budget day. This Budget has been taken over by the Corona Virus Covid-19 and [...]
TV Presenter Eamonn Holmes Loses IR35 Tax Appeal
TV presenter Mr. Eamonn Holmes lost his IR35 tax appeal against HMRC in the first tier tribunal (FTT) despite working 40 years as a freelancer broadcaster. The decision came out for the case which is [...]
SEIS and EIS Investment Scheme for UK Startups
Every business owner tries to influence the investors in order to raise capital for their new company. There are two generous tax schemes offered by UK government i.e. SEIS and EIS which are used by [...]
VAT on Mileage Expenses
If you are purchasing fuel in UK or paying mileage allowance to your employees for using their own vehicles for work purpose, you are entitled to claim VAT on mileage expenses. You can claim VAT as [...]
Member’s Voluntary Liquidation (MVL)
For every entrepreneur there comes a time when they decide to wind up their business, even if it’s been running successfully. This could be because they are moving on to do different things [...]
Targeted Anti-Avoidance Rules (TAAR)
What is Targeted Anti-Avoidance Rule (TAAR)? TAAR stands for targeted anti-avoidance rule (TAAR). As per the finance act 2016, targeted anti-avoidance rule is a rule introduced to tackle those [...]
Entrepreneur’s Relief – When Selling Shares or Winding-up
Introduced in 2008 by the Labour Chancellor Alistair Darling, Entrepreneur’s Relief (ER) is a generous tax break for entrepreneurs retiring or selling their business. It is a valuable relief [...]