Emergency Loan Schemes Following on from our ‘Preparing for Business Funding’ update earlier this week, the Chancellor has today announced further assistance to those wishing to seek additional finance under the Government’s Emergency Loan Schemes. Following widespread reporting that the Coronavirus Business Interruption Loan Scheme (CBILS) was proving
Read more →Small Business Grant Scheme funding We’ve already touched upon the support available for those organisations which pay little to no business rates, and the start of a new month brings with it the arrival of further updates. Local authorities have begun issuing letters to those eligible for
Read more →Preparing for Business Funding Over the last 10 days, Champion has helped a number of clients across the Group prepare funding applications for their businesses, which has spanned overdrafts, invoice discounting facilities, asset finance and term loans. There is a common theme to the type of information
Read more →Following the raft of economic support measures that were announced last week, we are hoping that the Government will deliver further details this week which will prove vital in how you and your business navigate this difficult time. Self-Employment Income Support Scheme (SEISS) While we await the
Read more →Following on from our earlier email which detailed the latest information on the Coronavirus Job Retention Scheme (CJRS), we have now received further clarity from HMRC regarding the Self-Employment Income Support Scheme (SEISS). SEISS has been designed to support self-employed individuals (including members of partnerships) whose income
Read more →Following growing pressure to do more to support the UK’s five million self-employed workers during the COVID-19 crisis, Chancellor Rishi Sunak last night announced the Government’s Self-Employed Income Support Scheme. Similar to what was introduced in the Job Retention Scheme, the new measures will offer those who
Read more →The clock is ticking for business owners who want to benefit from substantial tax relief on big ticket purchases such as plant and machinery. December 2020 sees the end of the temporary increase to the Annual Investment Allowance (AIA). This is the 100 per cent upfront allowance
Read more →The government is amending current tax legislation relating to the sale of residential properties. Here’s everything you need to know about the changes to Principal Private Residence (PPR) Relief and Lettings Relief, which are due to come into effect from 6th April 2020. What’s changing and what
Read more →Buy-to-let landlords and property owners who are thinking of selling properties are advised to think carefully about the timeframe for disposals – or risk damage to their cash flow. The warning comes in the runup to the new 30-day window for reporting Capital Gains Tax. This rule,
Read more →Changes in tax legislation first announced in summer 2019 mean that electric cars and some hybrid vehicles will soon be completely exempt from company car tax. From April 2020, the UK will adopt the Worldwide Harmonised Light Vehicle Procedure – more commonly known as WLTP – to
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