Author Archives: Alex Dent

Chancellor’s Spring Statement Summary

Today’s spring statement brought a welcome announcement of the increase in the national insurance primary threshold. Below is a brief summary of some of the measures to be introduced: National insurance – The threshold at which individuals start paying National insurance will rise to £12,570 in July this year bringing it into line with the…

Additional Restrictions Grant (ARG)

With all the uncertainty that continues into 2022, some of our clients may be experiencing a downturn in trade or other adverse effects. To support businesses who have been severely affected, the government has announced an Additional Restrictions Grant (ARG). If this applies to you and your business, you should keep an eye on the links…

Omicron Hospitality and Leisure Grant (OHLG) and Additional Restrictions Grant (ARG)

Many of our clients are now asking what grants they might be entitled to, when they are available and how much they might receive following the Government announcement just before Christmas regarding grants available to the hospitality and tourism sector. Here is a link to our previous blog giving a brief outline of the position https://www.saint.co.uk/new-financial-support-for-the-tourism-and-hospitality-sector/…

Autumn 2021 Budget

It was an unusual budget today delivered by Chancellor of the Exchequer Rishi Sunak; many expected changes in capital taxes and VAT did not materialise. The constant theme of the budget was that of growth and investing in the future to generate revenue for the government, with one of his goals being to reduce taxes…

Increase in National Insurance, increase in dividend tax, cap on care fees

The prime minister has confirmed that there will be a 1.25% increase to NIC and dividend tax rates. National Insurance Increases There will be a temporary increase in April 2022 of 1.25% to Class 1 and Class 4 NIC as well as a 1.25% increase in Class 1 Secondary NIC paid by employers. It will…

Self-Assessment Late penalties waived until 1 April 2021

Normally 30 days after the filing deadline of 31 January, on 3 March a late payment penalty of 5% is levied if you have not settled your tax liability in full by this date. Due to the coronavirus pandemic the date of the late payment penalty is to be extended to 1 April 2021. Meaning…

Budget Highlights

Chancellor Rishi Sunak delivered his Budget 2021 statement in Parliament at 12.30pm this afternoon, his opening sentiments were: “This Budget meets the moment with a three-part plan to protect the jobs and livelihoods of the British people. First, we will continue doing whatever it takes to support the British people and businesses through this moment…

Additional Restrictions Grant (ARG) – Carlisle City Council applications closing

Carlisle City Council deadline for applying for this grant is tomorrow at 3 pm. Ensure you complete the application form on https://www.carlisle.gov.uk/news-and-events/business-support to apply for this grant before the deadline. The Additional Restrictions Grant (ARG) provides local councils with grant funding to support closed businesses that do not directly pay business rates as well as…

What grants can I claim during Lockdown 3.0?

The grants that are available since we were placed into lockdown on 5 January 2021 are: Local Restrictions Support Grant (closed ) -LRSG(C) Closed Business Support Payments -CBSP Additional restrictions grants -ARG The LRSG(c) will continue to be available until the restrictions are lifted, this is not expected until at least the February half term….

Covid Assistance and New One-Off Grant for Retail, Leisure and Hospitality

As we enter another lockdown, the government have introduced additional support for retail, leisure and hospitality businesses in the form of a one-off grant of up to £9,000. This will provide an extra £4.6 billion of support to some of the hardest hit industries in the pandemic. There will also be a discretionary fund of…