covid19 Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/covid19/ Chartered Accountants & Business Advisors Fri, 07 Jan 2022 18:03:18 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg covid19 Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/covid19/ 32 32 January 2022 https://www.wrloaccountants.co.uk/january-2022/ Fri, 07 Jan 2022 17:59:31 +0000 https://www.wrloaccountants.co.uk/?p=3637 In this month’s Enews we consider the Chancellor’s latest fund for businesses impacted by the pandemic; waivers to self assessment penalties; and the requirement to include COVID grants on tax returns. We also update you on both the Scottish and Welsh budgets. With guidance for employers and the FCA introducing a new duty to consumers, there is a lot to update you on. Chancellor announces £1 billion fund for businesses Self assessment taxpayers must declare COVID grants on tax returns HMRC waives self assessment penalties for one month to ease COVID-19 pressures Scottish Budget 2022 Welsh government delivers Budget FCA to introduce new consumer duty HMRC latest guidance for employers Over 440,000 small firms at risk due to late payment crisis Chancellor announces £1 billion fund for businesses On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm. Mr Sunak said the government would also help certain firms with the cost of sick pay for COVID-related absences. The Chancellor also announced an extra £30 million to help support organisations such as theatres, orchestras and museums. To support other businesses impacted by the Omicron wave – such […]

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