• B M Howarth

Increase to Working Tax Credits

The basic element of Working Tax Credit has been increased by £1,045 to £3,040 from 6 April 2020 until 5th April 2021. The amount a claimant or household will benefit from will depend on their circumstances, including their level of household income. But the increase could mean up to an extra £20 each week.

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VAT REVERSE CHARGE – CHANGES FROM 1 MARCH 2021

With effect from 01/03/2021 work carried out in the Construction Industry Scheme, and VAT could be subject to the new rules The reverse charge mechanism shifts the liability for accounting for output

Retention Scheme and Payroll Support

The Coronavirus Job Retention Scheme is a government grant to reimburse employers for 80% of furloughed workers net wage to a maximum of £2,500 per month + Employers NI and Pension Contributions.  To

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