Business rates relief In Wales – holiday extended The Welsh Government has announced that their business rates holiday has been extended for 12 months. This applies to the retail, leisure and hospitality businesses with rateable values up to £500k – read more here. Additional £30m for the Economic Resilience Fund The latest round of the...
The Government has published its Build Back Better strategy for rebuilding the UK economy. It contains six key themes: Infrastructure Skills Innovation Levelling Up Net Zero Global Britain You can read more here. Furlough extended to September The Coronavirus Job Retention Scheme (CJRS) is to be extended until the end of September, at the current...
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...
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...
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...
It is important for member businesses with Bounce Back Loans to be aware of the following information. The FCA has published guidance to loan providers on how they are expected to treat businesses that have decided to use the Pay As You Grow (PAYG) repayment option for their Bounce Back Loan. The core principle in...
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...
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...
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...
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...