UK Economy

the cover image for a blog with the topic announcement of UK Spring Budget 2021 by Chancellor Rishi Sunak

UK Spring Budget 2021 by Chancellor Rishi Sunak

Springtime is just around the corner, and we all know what that means – budgets! UK Spring Budget 2021 and grants extension. Oh, were you expecting something else? Kidding aside, let us get down to business. This previous week, Chancellor Rishi Sunak has announced a few updates that will undoubtedly impact SMEs or Small to Medium Enterprises, …

UK Spring Budget 2021 by Chancellor Rishi Sunak Read More »

4th and 5th Self-employed Grants

4th and 5th Self-employed Grants

The pandemic, which was initially expected to be nothing more than a week-long lockdown, has now extended for a year, affecting not only the UK but also every country worldwide. Thus, individuals both self-employed and working have suffered severe changes, some losing their jobs and businesses. Therefore, the government has issued aid in instalments given …

4th and 5th Self-employed Grants Read More »

3K Incentive Payments For New Apprentice Hires - Double The Previous Payments

3K Incentive Payments For New Apprentice Hires – Double The Previous Payments

Chancellor Rishi Sunak has decided to double the budget for employees in hiring apprentices of all ages. This budget has been agreed to help young people and their traineeship. Specifically, it has been increased up to a 3k incentive payment.   The beneficiaries of this said grant are apprentices taken in by employers despite COVID. …

3K Incentive Payments For New Apprentice Hires – Double The Previous Payments Read More »

a blog featured image entitled What Does Furlough Workers Mean In the UK

What Does Furloughed Workers Mean In the UK

The pandemic does not only affect the health and safety of society. It is also crippling the economy of all countries, hurting the livelihood of millions. The mandatory cancellations, distancing, and lockdowns are not conducive for most businesses. To keep their ventures afloat, companies do not have any other options than to furloughed workers and …

What Does Furloughed Workers Mean In the UK Read More »

a blog featured image entitled 4 Key Advisors a Business Owner Needs as the Business Scales

4 Key Advisors a Business Owner Needs as the Business Scales

As a business grows, a business owner will need more help professionally and personally to continue its operations, a sample of that would be the key advisors of businesses. Many business owners do not always know whom to turn to grow, manage, and operate a business. This is why it is recommended that they turn …

4 Key Advisors a Business Owner Needs as the Business Scales Read More »

a blog featured image entitled VAT Reverse Charge including Construction Industry Scheme: When and How to Use

VAT Reverse Charge including Construction Industry Scheme: When and How to Use

The VAT Reverse Charge (for buildings, construction services) is simply the change of how VAT is handled in the UK Construction Industry Scheme. It applies directly to services and does not include the materials used in the scenario, as this can be provided separately in front of the construction service.  What You Need To Do …

VAT Reverse Charge including Construction Industry Scheme: When and How to Use Read More »

a blog featured image entitled UK Welcoming A New Era: Brexit Now Officially Completed

UK Welcoming A New Era: Brexit Now Officially Completed

Amidst worrying news of a new strain of the coronavirus in the UK, developments with Brexit continue to progress. With the coming of the New Year also came the completion of Brexit. The news has made headlines and brought all sorts of mixed reactions in the UK population. The year 2020 was filled with unprecedented, …

UK Welcoming A New Era: Brexit Now Officially Completed Read More »

a blog featured image entitled How Does BREXIT Affect Me Selling to the EU?

How Does BREXIT Affect Me Selling to the EU?

Brexit is a combination of the words Britain and exit. As the name suggests, this pertains to Britain leaving the European Union after almost half a century since it first became a member in 1973. This vote was approved last 2016 and was put into effect on January 31, 2020. However, both parties agreed that …

How Does BREXIT Affect Me Selling to the EU? Read More »

a blog featured image entitled Brexit How to Prepare Your Business for Changes this 2021

Brexit: How to Prepare Your Business for Changes this 2021?

After the UK voted to leave the EU in 2016, the country left the trading block and entered an 11-month transition period to adjust, prepare, and gradually finalize deals for the Brexit. This 2021, the new trade deals negotiated during the transition period will take effect. Let’s take a look at these changes and how …

Brexit: How to Prepare Your Business for Changes this 2021? Read More »