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Blog

The Recovery Loan Scheme (RLS)

What is the aim of the RLS?  • To enable UK businesses who have been affected by the Covid-19 pandemic to access Government backed loans from accredited lenders.  When does the RLS open?  • It opens on 6th April 2021 and will run until 31st December 2021.  What type of business is eligible for the […]

What’s changing from April 2021?

Van Benefit Charge • From 6th April 2021, the van benefit charge is reduced to zero for employees provided with vans that produce zero carbon emissions. Capital allowances from 1st April 2021 – Cars • A 100% first year allowance for cars will only be available for electric cars or cars with zero CO2 emissions […]

Company Super Deduction Allowance 130%

What is it? • It is a 130% first year allowance deduction for expenditure incurred in purchasing plant & machinery that would normally qualify for a main rate writing down allowance of 18%. When can you claim it? • You can claim it for expenditure incurred on or after 1st April 2021 up to and […]

Electric Switchover – The Benefits

• There is a Government ‘plug in’ grant of up to £3,000 or 35% of the purchase price if lower, off the cost of acquiring a new car with CO2 emissions of less than 50g/km. It must have an electric mileage range of 70 miles or more and the recommended retail price (Including delivery fees […]

Scottish Marine & Outdoor Tourism (Covid-19) Restart Fund (MOTRF)

Who is MOTRF aimed at? Marine and boating tourism operators (MBTO). Outdoor wildlife, adventure and activity sector tourism businesses (OWAA). These business sectors will be faced with seasonal re-commissioning and re-start costs ahead of the 2021 season.   What is the MOTRF grant? The grants will be paid over a range of award amounts up to a maximum […]

Taxi and Private Hire Support Fund Scotland

Who is it aimed at? Licensed taxi and private hire drivers who have been financially impacted by Covid-19.   What is the grant? A one-off taxable grant of £1,500.   What is the qualifying criteria? You must be licensed from 9th October 2020 to at least 31st January 2021. Up to 31st December 2020, you […]

Scotland Additional New Lockdown Grant 2021

Who is it aimed at? The retail, hospitality and leisure sectors.   What is the grant? A one off grant on a per property basis. This is in addition to the grants received through the Strategic Business Framework Fund (SBFF). £25,000 for larger hospitality businesses on top of the 4-weekly £3,000. £6,000 for smaller hospitality […]

Take a Breath

Either from a personal perspective or as a business owner it is likely you will have been hit with a whole raft of information being thrown at you from different sources at various times since the pandemic engulfed the UK back in March this year. It makes sense just to take a deep breath, look at where we are now, […]