Emergency flood relief measures
lemaster • November 19, 2019
Emergency flood relief measures
The Prime Minister has announced that households and businesses that have been significantly affected by the recent flooding will be eligible for immediate 100% relief on their council tax and business rates for at least the next 3 months. This is part of a number of measures that have been announced by the Government to help those affected by the devastating floods.
The Department for Environment, Food and Rural Affairs has confirmed it will extend its Farming Recovery Fund to support farmers badly affected by the recent flooding. The fund will allow farmers and land managers who have suffered uninsurable damage to their property to apply for grants of between £500 and £25,000 to cover repair costs. For example, clearing debris or recovering damaged land.
The Department for Business, Energy and Industrial Strategy will provide funding for a Business Recovery Grant which will provide up to £2,500 per eligible small and medium-sized businesses which have suffered uninsurable losses.
The Government will also provide funding to pay for the recovery costs of local councils where households and businesses have been affected by the severe weather.
The Help to Buy ISA scheme will close to new savers after 30 November 2019.
A number of significant changes to the way Capital Gains Tax (CGT) is reported and paid come into effect from April 2020.
The Winter Fuel Payment is a tax-free and provided by the Government to help older people keep warm during the winter.
Any Christmas bonuses / gifts paid in cash to employees, by employers, are almost invariably taxable as earnings.
The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or services for business use.
Student Loans are part of the Government’s financial support package for students in higher education in the UK.
The Construction Industry Scheme (CIS) comprises a set of special rules for tax and National Insurance for those working in the construction industry.
The salaried member legislation can apply to certain members of a Limited Liability Partnership (LLP).
An independent review into the evidence on minimum wage rates has been published by the government.
There is a multitude of rules and regulations that you must be aware of when you start employing staff for the first time.
