18th December 2020 – Hillmans Weekly Update

18th December 2020 – Hillmans Weekly Update

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

• Furlough scheme extended for another month
• New Penalties for Over claimed Grants
• Christmas Gifts to Charity
• Business evictions ban extended until March  
• What Hope For The Recovery?

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. 

Kind regards,

Steve

Steven Hillman BSc (Hons) ACA

Chartered Accountant

Tel: 01934 444100

https://www.hillmans.co.uk/covid-19-updates 

Business evictions ban extended until March

Business owners affected by the pandemic will be protected from eviction until the end of March 2021.

The Government states: “The majority of commercial landlords have shown flexibility, understanding and commitment to protect businesses during an exceptionally challenging time.

This final extension to protections from the threat of eviction will give landlords and tenants 3 months to come to an agreement on unpaid rent. The government is clear that where businesses can pay any or all of their rent, they should do so.”

Further guidance to support negotiations between landlords and tenants will also be published shortly.

See: https://www.gov.uk/government/news/business-evictions-ban-extended-until-march

Business Evictions - New Guidance

Commercial tenants will be protected from the risk of eviction until the end of 2020.

This move will help those businesses most in need of additional support to remain in their premises without the threat of eviction for the rest of this year, giving them the chance to focus on rebuilding their business over the autumn and Christmas period.

See:  https://www.gov.uk/government/news/government-extends-support-to-stop-business-evictions-this-year