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Category: Coronavirus (Covid-19)

Extended Tax Cut For Personal Protective Equipment (PPE) & National Supplies

The Government has announced the temporary scrapping of VAT on PPE for use in infection control has been extended until 31st October – saving care homes and businesses dealing with the Coronavirus outbreak about £155 million. The import duty on PPE continues to be zero rated. The decision, which will make it easier and less…
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How to Treat Certain Expenses and Benefits Provided to Employees During COVID-19 Update

The government have released an updated guidance on how to treat certain expenses and benefits provided to employees during COVID-19. This guidance is about Income Tax treatment only. National Insurance contributions treatment may vary depending on the individual benefit or expense. Find out about taxable expenses and benefits when they are paid to employees because…
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Calculate How Much You Can Claim Using the Coronavirus Job Retention Scheme

The Government have realised information on how to calculate how much you must pay your furloughed employees for hours on furlough, how much you can claim for employer NICs and pension contributions and how much you can claim back. 31 July is the last day that you can submit claims for periods ending on or…
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Government’s Future Fund

More start-ups and innovative firms will be able to apply for investment from the government’s Future Fund from today (Tuesday 30 June). Companies which have participated in accelerator programmes are now eligible for the popular scheme, more than 320 early-stage, high-growth firms have so far benefitted from £320 million of support through the fund, this…
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Free AA COVID CONFIDENT Scheme for the Hospitality Sector

The AA has launched a new COVID CONFIDENT scheme to support the safe reopening of the hospitality industry. The scheme aims to help businesses rebuild customer confidence as they start coming out of the lockdown. The accreditation scheme will confirm that an establishment has carried out risk assessments, safety measures and staff training, in line…
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Local SMEs – Staying Resilient – and Giving Back!

Tower Hamlets-based Advatech Healthcare Europe Ltd, a client on ELBP’s Building Legacies programme, normally provides specialist transport from home to hospital for vulnerable and disabled people under their Hippo Mobility brand name. This innovative company had previously equipped all vehicles with medically trained drivers AND video streaming so relatives can check on their loved ones…
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Update on Business Interruption Insurance Court Case – 19/06/2020

What the test case will decide: The result of the test case, brought by the Financial Conduct Authority (FCA), will be legally binding on the insurers that are parties to the test case in respect of the interpretation of the representative sample of policy wordings considered by the Court. It will also provide ‘persuasive guidance’…
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New ‘Ask Henry’ Webinar Series

We are delighted to announce the launch of a new series of webinars with one of our long standing and trusted business advisors and trainers, Sir Henry Boyle. The series titled ‘Ask Henry’ consists of 7 short, fun and informative webinars. These webinars have been developed to help Building Legacies members unlock their true potential…
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UPDATE ON BUSINESS INTERRUPTION INSURANCE COURT CASE

As we reported in a previous Bulletin, the Financial Conduct Authority (FCA) is initiating a Court Case to obtain clarity on the provisions of a variety of insurance policies that cover ‘Business Interruption’ (BI) for companies and other organisations. Many companies have complained that when they have tried to make a claim their insurance provider…
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MORTGAGE ‘PAYMENT HOLIDAYS’

The Financial Conduct Authority (FCA) has confirmed the support that lending firms should give to mortgage customers who are either coming to the end of a payment holiday or who are yet to request one. The FCA is also reminding customers that if they can afford to resume payments, they should. For customers still experiencing…
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