The rent-a-room scheme allows those with a spare room in their home to let it out furnished and to receive rental income of £7,500 tax-free each year without the need to declare it to HMRC. Where more than one person receives the income, each can receive £3,750 tax-free. The limits are not reduced if the […]

The Self Employment Income Support Scheme (SEISS) provided help the self-employed whose businesses were adversely affected by Coronavirus. The second payment under the scheme, which was payable from mid-August, was due to be the final payment under the scheme. However, as cases continue to rise and many businesses continue to be adversely affected by the

The Furlough Scheme came to an end on 31 October, but some business sectors remain subject to restrictions. In his Winter Economy Plan, the Chancellor, Rishi Sunak, announced a new Job Support Scheme, which will replace the Furlough Scheme. The scheme was subsequently expanded to provide a higher level of support to businesses that were