Changes to the Construction Industry Scheme (CIS) rules coming on 6 April 2021

The below changes, which aim to tackle abuse of the CIS, are due to take effect from April 2021, but HMRC is yet to publish secondary legislation, guidance or the IT specifications needed for industry to make necessary changes CIS set-off amendment power The measure provides a power to allow HMRC to amend the CIS deduction amounts claimed […]

VAT Deferral New Payment Scheme – online service opens

Businesses that deferred VAT payments last year can join the new scheme to pay it in smaller monthly instalments. Over half a million businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments. Businesses will need to opt-in to the VAT Deferral New Payment Scheme. They […]

Domestic Reverse Charge VAT for Construction- it will be here on 1 March 2021

After much delay, from 1 March 2021 the domestic VAT domestic reverse charge must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services: for individuals or businesses who are registered for VAT in the UK reported within the Construction Industry Scheme The effect of the […]

Protecting your company from unauthorised Companies House filings

Company Security- back to basics. File Companies House applications online Companies House online filing service is the safest way to send statutory information. To use the service, you’ll need a security code and an authentication code. Join Companies’ House PROOF scheme To protect your company from unauthorised filings, sign up to our protected online filing (PROOF) […]

Budget 2021: 3 March 2021

On 3 March 2020 Rishi Sunak will deliver the much anticipated Spring Budget 2021. This may be one of the most critical budget speeches in recent years. The Chancellor is still grappling with the problems created by the pandemic and is under pressure to increase spending and may feel the need to increase taxes now […]

Bounce back loan borrowers can delay repayments by extra six months

Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government announced. Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances Chancellor makes support even more generous with the option to delay all repayments for […]

Kickstart Scheme axes 30-job minimum requirement

Employers no longer need a minimum of 30 job placements to access the government’s Kickstart Scheme, enabling SMEs to apply directly. Announced by the Chancellor Rishi Sunak last summer, the Kickstart Scheme grant provides funding to create new job placements for 16 to 24-year-olds on Universal Credit, with the government committing an initial £2bn to the […]

Exclusive Offer on Accounting Software Set-up and Training for Surrey Hills Enterprise Members (running until 31 March 2021)

Revel is delighted to announce an Exclusive Offer on Accounting Software Set-up and Training for Surrey Hills Enterprise Members (running until 31 March 2021) As a Xero Gold Partner Revel know how to make accounting software work for you and your business. Revel’s aim is for our input to add value to your business. To […]

Further extension to the furlough scheme

In a surprise move, the Chancellor has announced that the Coronavirus Job Retention Scheme is to be further extended until 30 April 2021. In a written ministerial statement to parliament, Rishi Sunak has confirmed that the Coronavirus Job Retention Scheme (CJRS) will be extended by another month,  until the end of April 2021. The statement confirmed […]

Local Restrictions Support Grants (LRSG) and Additional Restrictions Grant (ARG): Applications are now OPEN so please check with your Local Authority immediately.

Applications Are Now Open (closing December): Please see your Local Authority’s website for further information and to make an application. Guildford Borough Council here Waverley Borough Council here Chichester District Council here Adur & Worthing here Mid Sussex here Crawley here Horsham here East Hants here The schemes are all delivered through local authorities and […]

How to prepare for Brexit – A checklist and The Government’s Campaign to get you ready.

The Business Secretary has been busy sending letters to all VAT registered companies trading with the EU and/or the rest of the world, advising of the actions they need to take to continue trading with the EU from 1 January 2021 A copy of The Business Secretary’s letter can be found here: Brexit circular. It […]

Chancellor extends furlough scheme and bolsters self-employment support

The Chancellor has announced a five-month extension to the current Coronavirus Job Retention Scheme and increased the level of the next self-employed income support grant. The Chancellor told the House of Commons that the Coronavirus Job Retention Scheme (CJRS) will now run until the end of March, with employees receiving 80% of their current salary for hours […]

The Government’s announcement on 31st October 2020

This is what we know at this time. We hope for more detail very soon. This is taken from the Government’s press announcement. We will update you when we know more. Job Retention Scheme Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue for a further […]

Green Homes Grant: make energy improvements

The Government Green Homes Grant Scheme is going to shortly start paying out vouchers. As a homeowner, it is worth looking into. As a Trustmark tradesperson it is worth noting the guidance should you get contacted for a quote. How much you can get Vouchers will cover two-thirds of the cost of eligible improvements, up […]

An expert’s comparison of the Kickstart Scheme, Apprenticeships, Traineeships and the new T-Levels.

If you are interested in exploring your employment options for anyone aged 16-24 years old then you definitely need to read  Steph at Tomorrows Talent ‘s  comparison of all the available Government initiatives. Found here. If you would like to know more about any of the schemes, please contact the excellent  

The Job Support Scheme (JSS)- Updated following the Chancellor’s announcement on 22 October 2020

The JSS is the second phase in UK government support measure for organisations during the COVID-19 pandemic. After announcing the scheme a while back, the Chancellor has since, amended and clarified the scheme. We are still in need of full guidance, but here is what we know. The scheme, known as the Job Support Scheme […]

Local Restrictions Support Grants (Tier 2- High)

The overall message on these grants is to speak to your Local Authority as soon as possible if you are affected in any way by Tier 2 (High) restrictions. What is the scheme? We are providing additional funding to allow local authorities to support businesses in Tier 2 areas which are not legally closed, but […]

Local Restrictions Support Grants (Tier 3- Very High)

Businesses in England required to close due to localised COVID-19 interventions will now be able to claim up to £1,500 per property every three weeks. To receive the grant, a business must have been required to close due to local COVID-19 restrictions. According to a government release on the new scheme: if a business occupies premises with […]

Guidance on Self-employment Income Support Scheme

Information on the Self-employment Income Support Scheme (SEISS), including information on changes to eligibility criteria and the level of the grant, as well as the application process and requesting reviews. What you need to know Who can claim: Self-employed individuals or a member of a partnership (as long as certain eligibility criteria are met, see below). […]

The Job Retention Bonus

What you need to know The JRB was announced in July 2020. This is a one-off payment to employers of £1,000, for every employee for whom the employer has made a valid claim under the CJRS and who remains continuously employed through to 31 January 2021. Eligible employees must earn at least £1,560 in total […]

Chancellor outlines Winter Economy Plan

The Chancellor Rishi Sunak today (24 September 2020) outlined additional government support to provide certainty to businesses and workers impacted by coronavirus across the UK. Delivering a speech in Parliament, the Chancellor announced a package of measures that will continue to protect jobs and help businesses through the uncertain months ahead as we continue to […]

Kickstart Scheme

The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds and to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment. Funding will cover for each job placement: 100% of the relevant National Minimum Wage for 25 […]

With an increase in Covid-19 infections here are a couple of guidance areas to consider for your business.

Guidance on the NHS Test and Trace service for employers, businesses and workers can be found here. The ICO has issued guidance reminding the need for protection of personal data during the changing Covid landscape which can be found here.  

General guidance and resources for employers considering staff redundancies

Economic conditions such as those created by the COVID-19 health crisis, mergers or a change in business operations can lead to difficult decisions about staff redundancies. The ICAEW has put together a very helpful page found here containing general guidance and resources for employers considering staff redundancies and individuals who might be facing it. If […]

COVID-19: Support on negotiating time to pay with HMRC and useful tips

Useful tips on how to negotiate with HMRC. HMRC has published details of the specific helpline to contact, but it’s not known whether HMRC will change its usual approach to time to pay, for taxpayers who are having difficulty paying. Businesses and agents may find useful the following reminders about what usually needs to be considered when […]

The Department for Business, Energy & Industrial Strategy (BEIS) launches new SME leadership schemes

A brace of schemes aimed at helping SMEs in England improve their leadership skills while learning with and from their peers have been launched by the BEIS. The £20m programmes, which are designed to be complementary, aim to “enhance resilience and recovery” from the devastating impact of COVID-19, while also empowering businesses to develop their […]

Government’s £40 million Green Recovery Challenge Fund opens for applications

Grants from £50k to £5 million are now available to help the nation build back greener from the coronavirus pandemic. The £40 million Green Recovery Challenge Fund, part of the government’s wider green economic recovery, jobs and skills package, brings forward funding for environmental charities and their partners to start work on projects across England […]

Grants Online- A Useful website for the latest funding opportunities for UK based organisations, schools and community groups.

A useful website can be found here for information on some of the latest funding opportunities available to UK based organisations, schools and community groups.

Have you heard about your local Growth Hub?

There are 38 Growth Hubs across England led by the Local Enterprise Partnerships (LEPs). LEPs are business led partnerships between local authorities and local private sector businesses.  They advise that they play a central role in determining local economic priorities and undertaking activities to drive economic growth and job creation, improve infrastructure and raise workforce […]

No immediate deadline for making CJRS claims for July

HMRC has emphasised that claims for grants under the Coronavirus Job Retention Scheme (CJRS) for the period 1 to 31 July, do not have to be made by the end of August. HMRC has received enquiries from some employers believing there is a 31 August deadline for making CJRS claims for the period 1 – 31 July. […]

Applications for the second Self-employment Income Support Scheme (SEISS) are now open closing 19 October 2020

Applications for the second Self-employment Income Support Scheme (SEISS) are now open, closing 19 October 2020. Below is information on eligibility, the application process, grants over claimed and requesting reviews. Who can claim: Self-employed individuals or a member of a partnership (as long as certain eligibility criteria are met, see below). Limited companies and trusts […]

Clive Webb, ACCA’s senior insights manager, sets out key steps for resumption planning: what’s feasible for people, process, technology and data?

If you are looking for a simple structure for your entry into business planning for the next few quarters, we think Clive Webb’s breakdown is very helpful indeed. “Planning their recovery from the current situation is an activity that organisations need to focus upon. The situation will, however, remain fluid for many months to come […]

The International Federation of Accountants sets out how accountants can help businesses that have been disproportionately affected by Covid-19

IFAC’s Small Business Continuity Checklist – How to Survive and Thrive Post Covid-19 outlines key financial management and strategic management tasks, helping businesses to proactively identify and consider essential and timely information. Key areas include the preparation of good cash flow forecasts, and a review of working capital (not new messages on our updates). Please […]

Kick Start Scheme, Apprenticeship Bonuses and Work Placement Funding

The Kick Start Scheme In a bid to head off potential mass youth unemployment, the Chancellor announced a £2bn Kickstart Scheme, which will pay employers to create new jobs for 16-24-year-olds at risk of long-term unemployment. Funding will cover 100% of the National Minimum Wage for six months plus the associated employer National Insurance contributions […]

Home energy efficiency vouchers- a green recovery?

The Chancellor told MPs that the government wants a green recovery with “concern for our environment at its heart”. From September, homeowners and landlords will be able to apply for vouchers to make homes more energy efficient, with the Chancellor claiming it will create 140,000 jobs. Vouchers worth £5,000 (or up to £10,000 for low-income […]

Cuts to SDLT and VAT to support COVID recovery

No SDLT on houses up to £500,000 in England and Northern Ireland and VAT cut to 5% to support hospitality As part of the government’s plans to create jobs, the Chancellor confirms that from today (8 July 2020) no SDLT will be paid on houses up to £500,000 in England and Northern Ireland. The change, […]

£1k job retention scheme bonus for employers

Employers who retain staff for three months after the furlough scheme ends will receive £1,000 government ‘bonus’ for each employee, the Chancellor has announced. One of the main purposes of the Coronavirus Job Retention Scheme (CJRS) has been to support continued employment rather than face the prospect of mass redundancy. In his Summer Statement, the Chancellor confirmed that […]

Revel Accountants will shortly be posting three webinars on cashflow management

A vital skill to master for any business even before a global pandemic. Webinar 1- Managing cashflow explained. Irrespective of your size, whether you are growing, surviving or a mixture of the two dependent on the day, cash is king. Yet the sharing of the knowledge needed to better improve the health of your business […]

Will lockdown lead to progress in tackling climate change?

With London Climate Action Week upon us, Andrew Ratcliffe, Chair of ICAEW’s Sustainability Committee, asks what government, business and individuals can do to tackle climate change and cut carbon emissions off the back of the COVID-19 crisis. “Cast your mind back to those early weeks of lockdown in March and April, when not only the […]

Government boosts innovation schemes to aid recovery

More start-ups and innovative companies are now eligible for funds to help recover from the impact of coronavirus as the government extends its Future Fund scheme and launches a new Sustainable Innovation Fund. From 30 June, changes to the Future Fund scheme’s eligibility criteria will mean that UK companies who have participated in highly selective […]

Corporate insolvency bill: a vital lifeline for business

The Corporate Insolvency and Governance Act 2020 received Royal Assent on Friday 26 June 2020. Both the permanent and temporary measures could be a valuable lifeline as the downturn continues, but worth remembering should a customer not be paying you or a supplier delaying goods or services. With the Corporate Insolvency and Governance Act becoming […]

VAT and self assessment payment deferral for those who need a reminder about the terms

Under the government’s proposals VAT payments due before 30 June 2020 will not now need to be made until 31 March 2021. Self assessment payments on account due on 31 July 2020 will now not need to be made until 31 January 2021. No application is required, but direct debit mandates need to be cancelled. […]

Business Rates discretionary grants

We posted an update about a new discretionary grant fund being set up a while ago now. It can be found here. Detailed guidance has now been published for local authority’s and so applications will be open or opening very shortly. Please contact your local authority/council. Chichester District Council have their application process open already. […]

Childcare support criteria relaxed

The UK government is temporarily relaxing the eligibility criteria for tax-free childcare and 30 hours free childcare to support working parents during the coronavirus pandemic. HMRC has published new guidance for parents applying for, or already receiving tax-free childcare and 30 hours free childcare, during the coronavirus pandemic. It confirms that parents whose earnings are […]

Second lump sum for self-employed

The Chancellor has announced a second and final grant to the self-employed who are eligible for the Self-employment Income Support Scheme (SEISS), based on 70% of earnings and capped at £6,570. HMRC has confirmed the same eligibility criteria will be used to establish self-employed individuals’ entitlement to a further SEISS grant; the grant will be […]

Bounce Back Loan Scheme reminder

Just as a reminder, the scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. Key features of the scheme Facilities: term loans Repayment terms: six years, and early repayment permitted Interest rate: 2.5% per annum. No interest is payable in the first 12 months. Personal guarantees: No […]

How the Coronavirus Job Retention Scheme is changing from 1 July, including the introduction of flexible furlough.

The CJRS is changing from 1 July to encourage those furloughed back into work. Following the publication of HMRC’s detailed guidance, we outline the key changes. On 12 June 2020 HMRC published updated guidance on the Coronavirus Job Retention Scheme (CJRS)  The grant scheme enters its second phase on 1 July 2020 and covers claims […]

The CIPD have published a helpful guide for ‘Returning to the Workplace after Coronavirus’

The CIPD have today (12 May 2020) published helpful guidance covering key considerations for returning to the workplace after Covid for employers and small businesses. It is to be read alongside the Government’s own guidance of course, but it is a good run through of the HR issues. It can be found here. It covers […]

Coronavirus Job Retention Scheme (CJRS) update (as at 12 May 2020)

The Chancellor announced today (Tuesday 12 May 2020) that the Government’s CJRS will remain open until the end of October. Coronavirus Job Retention Scheme will continue until end of October furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500 new flexibility will be introduced from August to get […]

The Government’s New Covid-19 Plan (as at 11 May 2020)

It is fair to say there is an overall acknowledgement in the Government’s plan found here that: COVID-19 is both here to stay; and businesses need to get prepared to work within the new COVID Secure guidelines to push forward when ready (whether you are able to trade from now, 1 June or 4 July […]

Additional grants (potentially) for those businesses that didn’t qualify for the Business Rates Relief

The Government has announced additional grants for small businesses (that didn’t benefit from the business rates relief) Details of additional funding for those not covered by existing local authority grants will be revealed this week. The Government announced that the local business grant funds scheme would receive a 5% top-up aimed at closing the support […]

Calling all self-employed- check whether you are eligible for the Self-Employed Income Support Scheme (SEISS) 

Calling all self-employed- check whether you are eligible for SEISS  RECAP Who can claim: Self-employed individuals or a member of a partnership (as long as certain conditions are met, see eligibility criteria). How much can be claimed: 80% of your trading profits up to a maximum of £2,500 a month. Eligibility criteria You can claim […]

What business decisions are we going to be faced with over the coming weeks?

Well, embracing the uncertainty but keeping it simple and focusing on what we know, there is: continued business planning and cash flow monitoring/forecasting to be done (with strategic decisions to be made flowing out of that); continued reviews into whether the business needs COVID debt options (assuming you need assistance at all, and if you […]

Two schemes for innovative firms have been announced today by the Chancellor (20 April 2020)

1. The Future Fund Scheme This scheme is not available yet. It will launch in May 2020. It is designed for innovative high growth start up companies that cannot access monies through The Coronavirus Business Interruption Loan Scheme (CBILS), that have to date raised at least £250,000 in equity investment from third-party investors in the […]

Coronavirus Job Retention Scheme (CJRS) Update

Another day, another set of changes and clarifications to the Coronavirus Job Retention Scheme (CJRS). Most importantly the eligibility date has been changed from 28 February to 19 March 2020. Yesterday HM Treasury issued a Direction to HMRC clarifying several elements of the CJRS. We’ve included some of the most important below: PAYE employees on […]

The Coronavirus Business Interruption Loan Scheme (CBILS) – you should now find the Banks more helpful

Changes have been made to The Coronavirus Business Interruption Loan Scheme (CBILS)  which should have the effect of making the scheme more open and fair to all small businesses. The requirement for personal guarantees for lending under £250,000 has been prohibited by the Chancellor, and the meaning of viability has hopefully been clarified. Let us […]

How resilient is your business?

Well, get some good learning under your belt from reliable sources about the current financial climate/where the economy is heading, and then read a positive view point about overcoming challenges in the “right” way. We have selected two sources for you. Please read our two previous posts: ACCA’s chief economist, Michael Taylor, presents the latest […]

ACCA’s article ‘Showing humanity in times of uncertainty- successful leadership during a crisis’ by Dr Rob Yeung  (

“In recent decades, researchers have had the opportunity to observe leaders across the globe as they dealt with economic crises, nuclear disasters, oil spills, massive business failures and other large-scale calamities. Data collected by business schools, universities and employers suggests that the behaviour of leaders has a considerable impact on both the well-being and performance […]

ACCA’s chief economist, Michael Taylor, presents the latest of ACCA’s economic insights into the economic consequences of the Covid-19 epidemic

“The global economy is heading into a recession, initially at least a pretty severe one. The measures introduced by governments in an attempt to slow the spread of the virus are having a dramatic effect on huge swathes of economic activity. There is the direct loss of output and employment caused by the closure of […]

Beware fraud and scams during Covid-19 pandemic

Please be vigilant against fraud, particularly about sharing your financial and personal information, as criminals seek to capitalise on the Covid-19 pandemic. Criminals are experts at impersonating HMRC, people, organisations and the police. HMRC has issued its own guidance about bogus HMRC emails.    

Coronavirus Job Retention Scheme and how we understand it will work on what has been released as at 27 March 2020  

The following is Revel Accountant’s understanding of the Government’s policy and how the Coronavirus Job Retention Scheme will work based on the information published so far. This post is not an alternative to taking bespoke advice that considers the specifics of your circumstances. There is employment law to navigate here, upon which you should take […]

HMRC has changed the dedicated phone number for the Coronavirus (COVID-19) helpline

HMRC has changed the dedicated phone number for the coronavirus helpline targeted at businesses and the self employed to 0800 024 1222 to increase load capacity.

Is self-employed assistance coming? Updated as at 26 March 2020

Initial indications are that a similar system to that benefiting employees is being considered

Do you need to defer VAT payments?

The Government has announced that payments of VAT which are due from all businesses within the period 20/03/2020 to 30/06/2020 can be deferred. Our understanding is that is an automatic offer, with no application required. This applies to all those who are VAT registered including individuals, and not for profit bodies. The VAT liability will […]

What we know so far about The Coronavirus Job Retention Scheme (Furloughed workers) (see our updated post on 27.3.2020)

We are aware that there is a lot of uncertainty and differing information being presented on this scheme. We are currently working hard to get as many answers as we can, before we can provide more concrete information. We wanted to set out what we do know, and the areas of uncertainty. There is an […]

What we know about The Coronavirus Business Interruption Loan Scheme (CBILS)

This has now launched. The British Business Bank’s advice is to contact your own bank/lender in the first instance (check out their website).

What has the Government made available?

A summary of the most relevant policies for small businesses as at 23 March 2020

Coronavirus (COVID-19) and Revel’s Business Continuity

We wanted to make it known that Revel Accountants Ltd has contingency plans in place to support you and your business, and to maintain our service during this time.

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