Jul 13 2020 Registration is open for the Eat Out to Help Out Scheme Categories: COVID-19Food & DrinkLeisure Chancellor, Rishi Sunak, announced the Eat Out to Help Out scheme during his Summer Economic Statement on 8 July. The scheme is intended to help food businesses by incentivising customers to eat at their restaurant or other “eat in” establishments by providing a discount which can then be claimed back from the government. Eligible businesses more
Jul 10 2020 Scottish Government’s plans to boost the Scottish Economy Categories: COVID-19Taxation In response to the Economic Statement delivered by the Chancellor on Wednesday 8 July, Finance Secretary, Kate Forbes, announced the Scottish Government’s plans to boost the Scottish Economy. To support homebuyers and help stimulate housing market activity and the economy, the threshold at which Land and Buildings Transaction Tax (LBTT) is paid will be raised from more
Jul 8 2020 Overview of announcements in the Summer Economic Statement Categories: COVID-19LeisureTaxation Chancellor, Rishi Sunak, delivered his Summer Economic Statement earlier today which was focused on economic recovery following the impact of coronavirus. He began by explaining that this second phase will be a £30bn “plan for jobs”, covering three key areas – Support to find jobs, Create jobs and Protect jobs. Please note that whilst most more
Jul 7 2020 Economic Statement – Wednesday 8th July Categories: COVID-19Taxation Tomorrow (Wednesday 8 July), the Chancellor, Rishi Sunak, will deliver an economic statement, where he will announce the start of measures intended to stimulate the economy and employment prospects. This is a big moment in the intended economic recovery and there has been much speculation as to the measures likely to be announced ranging from more
Jul 7 2020 How we’ve been supporting our clients, Arbuckle Poultry Ltd Categories: AgricultureCOVID-19Taxation At EQ, along with helping our clients access relevant funding and support, we have continued to provide our usual in-depth tax and business advice, delivering a variety of complex work to ensure our clients flourish. One of those clients is Arbuckle Poultry Ltd, a family run farming business that sits on the boundary between Angus, more
Jul 1 2020 Deadline for Coronavirus Business Support Fund applications Categories: COVID-19 Those eligible for the Coronavirus Business Support Fund grants must ensure that they have submitted any completed applications by Friday 10 July. Consisting of the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund, these grants aim to keep small and medium-sized companies in business and retain productive capacity so that they can recover more
Jun 30 2020 Change to Entrepreneurs’ Relief – things just got BADR Categories: AgricultureCOVID-19 With the country’s attention focused on COVID-19, the change to Entrepreneurs’ Relief (ER) announced in the budget on 11 March has gone largely unnoticed. ER provided a reduced rate of Capital Gains Tax (CGT) on the sale of a business or interest in a business, with the normal rate of CGT being reduced from 20% more
Jun 29 2020 Our guide to help leisure businesses out of lockdown Categories: COVID-19Leisure On 24 June, First Minister Nicola Sturgeon confirmed that pubs, beer gardens, restaurants and other leisure businesses can open in July, with detailed guidance being provided. As members of various leisure associations including ASSC, BH&HPA and Scotland Food & Drink, we have been supporting our leisure sector clients and other members of these associations to make sure they are more