Are the Covid-19 Small Business Grants subject to VAT?
These grants should be outside the scope of VAT.
The Self-Employment Income Support Grant will cover 1 November 2020 to 31 January 2021
You’ll get 80% of your average monthly trading profits or £7,500 (whichever is lower).
Breaking News ! Furlough scheme extended to end of MARCH 2021
Furlough Extended _ 80% till end of March 2021 Self-Employment Income Support Scheme _ 80% up to a maximum of £7,500.
Job Retention Bonus from 15 February 2021
Employees will need to have been paid the minimum income threshold (at least £1,560 gross) for November, December and January (counting from the tax date of the 6th of each month).
UPDATE _ NEW Job Support Scheme
You’ll be able to make your first JSS claim in arrears from 8 December. Employers and employees do not need to have previously used the Coronavirus Job Scheme.
Self-employed to get a grant of up to £3,750, Rishi Sunak announces today!
The third grant will cover the average monthly profits from November 2020 to January 2021.
What is a zero hours contract?
Workers are also entitled to: annual leave; sick pay; rest breaks; and protection from ..
Employed or self-employed for tax purposes?
You are likely to be self-employed if you meet the following tests..
Job Retention Scheme Changes
Now that government grants have begun to decrease..
Self-Employment Income Support Scheme grant extension
third grant covering November 2020 to January 2021 of up to £1,875..
Grants for businesses affected by local lock downs
Local authorities will receive an additional 5% top up..
The domestic VAT reverse charge
It comes into effect on 1 March 2021..
Construction Industry VAT reverse charge
The CIS reverse charge does not apply to taxable supplies made to the following..