Day: October 8, 2020

New Patent Box statistics published

HMRC has published official statistics on the number of companies claiming tax relief under the UK Patent Box. The Patent Box allows qualifying companies to apply a lower 10% Corporation Tax rate on

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Kickstart scheme who can apply

The new £2 billion Kickstart scheme will enable employers to offer young people on Universal Credit – and at risk of long-term unemployment – state-subsidised work placements for six months. The

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Claiming the Job Retention Bonus

New guidance has been published on claiming the Job Retention Bonus. The Job Retention Bonus provides for a £1,000 bonus payment to employers that bring back an employee that was furloughed under the

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Paying or refunding transport costs

To ease the financial burden on their employees, some employers may look at paying or refunding transport costs for their employees when they return to work. There are tax implications that should be

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Grants overclaimed?

Any business that has overclaimed a Coronavirus Job Retention Scheme (CJRS) grant must pay back the overpayment to HMRC. The rules outlined below for paying HMRC back an overclaim also apply to

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