Changes to VAT penalties and interest from 01 January 2023

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…

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New VAT penalty regime and other VAT news

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…

1.25% increase to NIC and dividend tax rates 

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…

Budget 2021

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…

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Update on Government schemes in response to COVID-19

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…

Dividend 2017/18 and 2018/19

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…

Autumn Budget 2017

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…

Changes to flat-rate VAT in more detail with examples

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…