Category Archives: Business Support

Claiming Business Asset Disposal Relief

24th May 2021 Posted by -

BADR used to be known as Entrepreneurs’ Relief before 6 April 2020. The name change does not affect the operation of the relief. BADR applies to the

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COVID support grants that are taxable

12th May 2021 Posted by -

We would like to remind readers that existing legislation is in place to ensure that COVID support grants are treated as taxable income in the same

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Selling a business transferring a business?

VAT – transfer as a going concern

6th May 2021 Posted by -

The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT […]

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Recovery Loan Scheme

27th April 2021 Posted by -

The new Recovery Loan Scheme was launched on 6 April 2021. The new scheme allows businesses of any size to access loans and other kinds of finance

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Treasury directive re fourth SEISS grant

29th April 2021 Posted by -

HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect of

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A reminder that not all costs are costs

30th April 2021 Posted by -

Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material

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Repaying overclaimed SEISS grants

20th April 2021 Posted by -

Self-employed individuals (including partnerships) who have overclaimed the Self Employed Income Support Scheme (SEISS) must pay back the overpayment

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New support for High Streets and sea-side towns

1st April 2021 Posted by -

As lockdown measures begin to be eased, a new package of support measures to help high streets and coastal areas across England has been announced by

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