On Thursday 26 March, Chancellor Rishi Sunak made his long-awaited statement about the Covid-19 government support scheme for the self-employed, called the Self-employment Income Support Scheme (SEISS). Reports suggest that the announcement had been slow to arrive because of the greater difficulty in structuring and running a scheme that relied on annual information (via tax … More Covid-19 measures for self-employed
Last week’s Budget from the new Chancellor, Rishi Sunak, included £7 billion of expenditure targeting the impact of Covid-19 on employees, the self-employed and businesses. Six days later a further raft of measures was announced, amounting to an additional £20 billion of support expenditure plus £330 billion of loan guarantees. The Chancellor’s 17 March statement … More Covid-19 measures to rescue businesses
Dear All, As you are likely aware, the COVID-19 situation is worsening. Yesterday our government announced that they had moved from the ‘contain’ to ‘delay’ phase of the crisis and the WHO has declared the virus a pandemic. The number of confirmed cases are increasing each day, with the government estimating that around 10,000 people … More Important information relating to InMINDFUL (UK) Limited and COVID-19 (Coronavirus)
The Chancellor’s #Budget2020 was focused on dealing with Covid-19 alongside spending on infrastructure and building a new economy. But there were few #tax measures. Read our Summary … More Budget Summary
In early January Chancellor announced a new Budget date: 11 March 2020. This could be a significant Budget. Traditionally, the first Budget of a new Parliament is when the Chancellor delivers the medicine of tax increases and/or unpopular reforms. To borrow from Macbeth: ‘If it were done when ‘tis done, then ‘twere well it were … More A Budget Day… at last!
A report out in January shows that around 20% of those on apprenticeship schemes are not being paid the National Minimum Wage (NMW), while apprenticeships themselves have fallen in number. The figures in the Apprenticeship Pay Survey from the Department for Business, Enterprise and Industrial Strategy (BEIS) show the strange anomaly that correct levels of … More Minimum wage apprenticeships – not plain sailing
The National Living Wage (NLW) rises by over 6% in April. The 6.2% increase to £8.72 an hour equates to £15,870 a year based on a 35-hour week. The substantial rise is not down to inflation – which ended 2019 at only 1.3% – but due to a policy of George Osborne’s. When he made … More National Living Wage set to outpace new state pension
What do you remember about the 2010s? A decade is a long time and a lot happens, but important details can be lost in the big headline moments. The one that has just ended makes the point. The 2010s started with Gordon Brown as prime minister and, four elections and two referendums later, closed with … More Look back in curiosity: what can we learn from the 2010s?
The Jersey States Assembly agreed to abolish the archaic rule in early February, reversing a situation whereby only one person in a couple is able to deal with their tax affairs, which must be the husband in a heterosexual couple or the older partner in a same sex or civil partnership who is deemed to … More Independent taxation: Jersey women no longer left behind
The clock is ticking on using up your pension annual allowance The allowance effectively sets the maximum pension contributions from all sources (including your employer) on which you may be able to claim income tax relief. In recent times it has been the subject of much controversy because of the way the allowance is tapered … More Last call for 2016/17 on your annual allowance…
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