Insights

Revel’s guide to the Spring Budget 2021 and updated COVID measures

Revel’s Simple Guide to the Spring Budget 2021

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Kickstart Scheme

The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds and to create […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

£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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

Business Rates discretionary grants

We posted an update about a new discretionary grant fund being set up a while ago now. It can be […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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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