Chancellor, Rishi Sunak, has provided a summer economic update in light of the Covid-19 pandemic. The main tax changes announced that apply to Northern Ireland are detailed in this article.
Financial considerations of Re-Establishing your business
As government support under the job retention scheme is reduced over the coming months and ends on 31 October 2020 now is the time to start to review your business operations and consider if you need to make any savings.
Providing online mediation though Consumer Code for Online Dispute Resolution (CCODR) for SME’s throughout the UK.
Recognising that one of the biggest challenges facing SME’s generally is the non-payment of invoices for services and/or goods, the ability to mediate a dispute quickly whilst keeping costs down is especially vital at this time.
REVISIONS TO THE CORONAVIRUS JOB RETENTION SCHEME (CJRS) 29 MAY 2020
The Chancellor announced revisions to the CJRS on 29 May 2020. As of 24 May 2020 the scheme has been used by 1 million employers protecting around 8.4 million jobs at a total cost of £15 billion. The changes outlined are designed to step the economy back to a recovery and are based on: Flexible …
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Covid -19 Insolvency Update- Temporary Relaxation of Wrongful Trading Rules
As a result of the coronavirus crisis, the government has also announced that it will be introducing new insolvency legislation with the intention of temporarily suspending the ‘wrongful trading’ rules which apply to insolvent companies. Temporary Change to Existing Legislation: The Bill will temporarily relax the threat of personal liability for wrongful trading from company …
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SME Support Forum Northern Ireland 