The Federation of Small Businesses (FSB) calls on the Government to offer more economic support to small and medium enterprises (SMEs) as coronavirus-related limits continue and fewer financial packages are being handed out. Continue reading
UK Export Finance has recorded a “record” year thanks to the success of the General Export Facility (GEF), it has been revealed.
The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage.Continue reading
The number of taxpayers who failed to file their Self Assessment tax return on time has doubled, HM Revenue & Customs (HMRC) has revealed.
Payment holidays on credit cards, car finance, personal loans and pawned goods have been extended following the Government’s announcement of a second lockdown from Thursday 5 November.Continue reading
The Government has published further details of the Green Homes Grant, announced by the Chancellor at his Summer Economic Update on 8 July.
The scheme provides vouchers worth up to £5,000 for most homeowners or £10,000 for households on low income to install energy-saving primary measures, including:
Insulation: Solid wall, cavity wall, under-floor, loft, flat roof, a room in roof, park home.
Low carbon heat: Air source heat pump, ground source heat pump, solar thermal
Householders installing or upgrading primary measures, can then also use them towards secondary measures, including:
- Draught proofing
- Windows and doors: Double/triple glazing (where replacing single glazing), secondary glazing (in addition to single glazing), upgrading to energy-efficient doors (where replacing doors installed before 2002).
- Heating controls and insulation: appliance thermostats, hot water tank thermostats, hot water tank insulation, smart heating controls, zone controls, delayed start thermostat, thermostatic radiator valves.
However, funding towards secondary measures is capped at the level of funding provided for primary measures.
The funding can be used for properties, including:
- All owner-occupied homes (including long-leaseholders, shared ownership)
- Landlords of private rented sector domestic properties
- Landlords of social sector domestic properties (including LA owned homes)
- Park home owners (for residential sites including Gypsy and Traveller sites)
However, new-build domestic properties and non-domestic properties are not eligible for the scheme.
Later in August, households in England will be able to access advice on improving energy efficiency through the Simple Energy Advice Service, which will suggest home improvements. Households will then be able to apply for vouchers covering around two-thirds of the cost.
They will be provided with a list of approved TrustMark and MCS-registered tradespeople in the local area who can carry out the work.
It is expected that the first vouchers will be issued from the end of September.
There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements, with many being amended, delayed or deferred over the past few months.Continue reading