As you are probably already aware, the furlough scheme recently ended; but there have been other changes to the support the Government offered during the Covid-19 pandemic. We've summarised some of the recent amendments around insolvency.
Remember, the 5% VAT rate as regards the supply of accommodation, food and non-alcoholic drinks within the hospitality sector comes to an end on 1st October 2021. We've summarised what this means for your hospitality business.
If you’re a UK business that has felt the impact of Covid-19, then it’s worth looking into the recently announced Recovery Loan Scheme which launched on April 6th this year. It’s designed to give you access to Government-backed loans from accredited lenders and it runs until 31st December 2021.
Here we have an update for businesses on claiming furlough from May 1st 2021. This information will be particularly useful for anyone who has made new appointments this calendar year before the 2nd of March or if they have transferred employees and the TUPE or PAYE business succession rules apply to change in ownership.