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Chancellor Rishi Sunak has unveiled his latest package of financial measures to protect businesses against the impact of Coronavirus
Chancellor Rishi Sunak told a press conference it was an "economic emergency. Never in peacetime have we faced an economic fight like this one" and he promised that if this package was not enough, he would go further. Following the Chancellors Budget...
Our summary of the Chancellor’s 2020 Budget
We have pleasure in providing you with our summary of the Chancellor's 2020 Budget. Our summary of the Chancellor’s 2020 Budget is now available to download here. Following the UK’s departure from the EU, Chancellor Rishi Sunak presented the 2020 Budget against a...
The Bank of England has reduced interest rates to shore up the economy amid the coronavirus outbreak
Today the Bank of England has announced a cut in the base rate of interest from 0.75% to 0.25% taking the cost of borrowing back down to the lowest level in history. The reduction is aimed at freeing up billions of pounds of additional lending power to help banks...
For the fourth time in a row HMRC has included advice about trivial benefits in its Employer Bulletin, it says to clarify matters. In reality it’s back pedalling on its previous erroneous advice about when the trivial benefits exemption applies. What’s the full story?
A trivial storyIt started with a bacon roll in May 2019 and finished with a Christmas gift in February 2020. We’re of course talking about the tax and NI exemption for low value (trivial) benefits provided to employees. In a webinar in May 2019 HMRC suggested that if...
Changes to statutory sick pay rules to combat coronavirus
During today's Prime Ministers Questions the Prime Minister has announced changes to statutory sick say to help combat an outbreak of coronavirus. Under emergency legislation, statutory sick pay will be available from the first day of illness (currently it is only...
Increases to the National Minimum Wage and National Living Wage from 1 April 2020
On 1 April 2020 the hourly rates for theNational Minimum Wage and National Living Wage will increase. The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. To qualify you must be at least: school leaving age to get the...
We are proud sponsors of Huish & Langport Cricket Club for 2020
At R & J Business Solutions we like to support the local community. We are proud sponsors of Huish & Langport Cricket Club again for the 2020 season. Good luck for 2020. Details of fixtures can be found here.
The Chancellor has announced an increase in the National Insurance threshold that will see reduced contributions for 31 million taxpayers
31 million people to benefit from a tax cut, as National Insurance contributions thresholds to rise to £9,500 per year. A typical employee will pay around £104 less in 2020-21. Changes underline government’s commitments to ensure that work pays and put more money into...
How will imports and exports change after the UK leaves the EU on 31st January 2020?
H M Revenue & Customs have released an update to businesses in the UK who may import and export between the UK and the EU to explain what they can do next to prepare for changes to customs arrangements after the UK has left the EU. Between 1 February and...
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