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Northern Ireland Economic Recovery Action Plan

Northern Ireland Economic Recovery Action Plan

Northern Ireland has launched a £290m economic recovery plan which focuses on four key themes: R&D and Innovation (£20m) Highly Skilled and Agile Workforce (£50m) Green Economy (£20m) Investment, Trade and Exports (£200m) There is a wide range of tourism-related action in the recovery plan, including: Delivering the COVID Digital Innovation and Productivity Programme to...

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Furlough claims

Furlough claims

HMRC has issued a reminder that claims for furlough days in February 2021 must be made by 15 March 2021.  Follow this link to learn more about the scheme, including: How different employment conditions affect eligibility If employees’ health has been affected by coronavirus For employees on or recently returned from leave Types of employees...

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Flexible repayment options announced for Bounce Back Loan borrowers

Flexible repayment options announced for Bounce Back Loan borrowers

The Chancellor has announced repayment flexibilities for Bounce Back Loan borrowers, with the ability to tailor payments according to individual circumstances. The scheme provides the option for small and medium-sized businesses to access finance more quickly during the coronavirus outbreak. The new options include: Extending the length of the loan from six to ten years...

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LSRG and payments to tourism-reliant businesses

LSRG and payments to tourism-reliant businesses

The Tourism Alliance, of which the NCC is a member, has been lobbying to get support for a range of tourism businesses that have been excluded from the Local Restriction Support Grants (LRSG) payments because, although they have not officially been required to close, the lockdown restrictions have it impossible for them to operate. During...

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Wales: ERF Sector Specific Grant and funding update

Wales: ERF Sector Specific Grant and funding update

The Sector Specific Grant application window is still open to support hospitality, tourism and leisure businesses and associated supply chain businesses impacted by the restrictions introduced on 4 December 2020 in Wales. The fund will close for application at 12pm on Friday 29 January 2021; find out if you’re eligible and apply by using the...

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VAT Deferral Scheme and error correction

VAT Deferral Scheme and error correction

HMRC has updated the guidance on the VAT Deferral Scheme to include a new section on how to correct errors on VAT returns related to the deferral periods. If a business finds an error it should: fill in form VAT652 send it to the VAT Error Correction Team If the error results in the need...

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Guidance on the new Closed Business Lockdown Payment

The Government has now published its guidance on the new Closed Businesses Lockdown Payment announced last week, and updated the eligibility for the LRSG (see details in the attached PDF) – the period is extended to 6 weeks and it will no longer be paid in arrears. The key points on these two grants are: Local Restrictions Support...

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Extra support for leisure businesses in Scotland

Extra support for leisure businesses in Scotland

A significant top-up to the grant support available for hospitality, retail and leisure businesses across Scotland closed by level 4 restrictions will be paid, following an announcement on 11 January by Finance Secretary Kate Forbes. In addition to the grants businesses receive through the Strategic Business Framework Fund, eligible businesses will also get a one...

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Local restrictions – LRSG and Tier 4

Local restrictions – LRSG and Tier 4

The guidance on the Local Restrictions Support Grant (LRSG) (Closed) scheme has been updated in relation to businesses in Tier 4. The new guidance states that all Tier 4 businesses required to close will be eligible for grants of up to £1,500 for each 14-day period of closure. The grants will be administered by local...

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