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A round up of topical news articles.
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05 Nov 2020
On 5 November, Chancellor Rishi Sunak announced that as part of the new national lockdown the Coronavirus Job Retention Scheme (CJRS) has been extended until the end of March 2021.
The government has increased the support available to self-employed workers and extended its emergency business loan schemes.
Chancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown.
Self assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments.
HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home.
From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc.
The Association of Taxation Technicians (ATT) has issued a last call for businesses looking to make use of the increased Annual Investment Allowance (AIA).
HMRC has published the latest issue of the Employer Bulletin.
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We at Reid & Co have been closely monitoring the spread of Covid-19 in the UK and wish to emphasise that we have taken appropriate steps to ensure continuity of service for all our clients. These steps have been implemented so that we are available to help and support you and your business through these extremely difficult times.
Protecting our employees and clients Our number one priority is the health and safety of our employees, clients and visitors and have put the following hygiene policies in place at our office:
We are constantly reviewing our business continuity plan, and wish to reassure all our clients that we are still open for business as usual. All employees have been given the option to work from home if they wish, remaining staff will follow appropriate procedures to keep staff safe and healthy.