STAMP DUTIES REDUCED,MASSIVE TAX SAVINGS FOR NEW HOMEOWNERS This fantastic news was announced by the Chancellor to support the housing market. These changes will apply to new residential properties bought from July 8th to 31st March 2021. So, how did the stamp duty land tax affect new homeowners previously? When a taxpayer purchases land or […]
Bounce back loan scheme was introduced to support businesses going through hard times due to the Coronavirus. This loan is backed by HMRC through the British business bank 100%. The reason why they introduced this loan is that the Coronavirus interruption loan was backed up only 80% was not accessible to business struggling due to […]
The pandemics Convid-19 has been one affecting a lot of business in the UK. The uncertainties about how long it would continue to affect business owners or the effect afterwards are scary. The Chancellor announcing that small business owners in the UK could receive up to £10,000 grant from the revenue at these trying times […]
Furloughed employees are employees that they face losing their jobs due to the employer’s inability to pay their salary due to ongoing pandemic. These employees would be facing the risk of being laid off by their employers since they can’t afford to pay their wages any longer. Good news to furloughed employees It was therefore […]
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