Showing posts with label Additional Restrictions Grant. Show all posts
Showing posts with label Additional Restrictions Grant. Show all posts

Friday, 25 June 2021

25th June 2021 – Hillmans Weekly Update


Below I have summarised all the main tax related updates we have seen this week.

Check if you're eligible for the coronavirus Additional Restrictions Grant
Kickstart Scheme grant
Pension Contributions are tax efficient for employee and employer
Reminder - P11D Forms due by 6 July

If you have any queries about this week’s content, or if you need any assistance please do not hesitate to contact me.

I hope you have a great weekend.

Stay safe and well.

Cheers,

Steve

Steven Hillman
BSc (Hons) ACA
Chartered Accountant
Tel: 01934 444100


Friday, 26 March 2021

26th March 2021 – Hillmans Weekly Update


Below I have summarised all the main tax related updates we have seen this week.

Pay 2019/20 Self-Assessment Tax Before 1 April 2021 To Avoid 5% Surcharge Penalty
Grants for Electric Car Buyers Cut
Bounce Back Loan Application Deadline 31st March 2021
VAT Deferral – Apply Now to Spread your Payments
Additional Restrictions Grant

If you have any queries about this week’s content, or if you need any assistance please do not hesitate to contact me.

I hope you have a good weekend.

Stay safe and well.

Cheers,

Steve

Steven Hillman BSc (Hons) ACA
Chartered Accountant
Tel: 01934 444100


Monday, 22 March 2021

Additional Restrictions Grant

The Additional Restrictions Grant (ARG) supports businesses in England that are not covered by other grant schemes or where additional funding is needed.

The Additional Restrictions Grant (ARG) provides local councils with grant funding to support closed businesses that do not directly pay business rates as well as businesses that do not have to close but which are impacted. In addition, larger grants can be given than those made through LRSG (Closed).

Local councils can determine which businesses to target and determine the amount of funding from the ARG. Local councils have the freedom to determine the eligibility criteria for these grants. However, government expects the funding to help those businesses which – while not legally forced to close – are nonetheless severely impacted by the restrictions.

Find your local council here: https://www.gov.uk/find-local-council

This could include:


businesses which supply the retail, hospitality, and leisure sectors
businesses in the tourism and events sectors
business required to close but which do not pay business rates

Businesses excluded from the fund

You cannot get funding if:

your business is in administration, insolvent or has been struck off the Companies House register
you have exceeded the permitted subsidy limit

See: https://www.gov.uk/guidance/check-if-youre-eligible-for-the-coronavirus-additional-restrictions-grant