Coronavirus News - Thorne Widgery

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Please read the articles below for our latest updates.


Government extends further support to businesses affected by COVID-19

Under increasing pressure from business groups, local authority leaders and the public, the Government has decided to extend several of its existing support measures to help businesses across the UK – regardless of whether they are forced to close or remain open. Speaking to Parliament, the Chancellor Rishi Sunak announced three new steps that…

Government sets out steps businesses need to take to prepare for end of the Brexit transition period

The Government has set out the steps the businesses that trade with the EU or employ people from the EU need to take to prepare for the end of the Brexit transition period on 31 December 2020. The steps set out will apply from 1 January 2021, irrespective of the outcome of the ongoing…

Chancellor expands Job Support Scheme and grants to businesses facing new COVID-19 restrictions

The Chancellor has announced that the Government will expand the new Job Support Scheme (JSS) to assist jobs and businesses required to close their doors as a result of tougher Coronavirus restrictions. The announcement was made ahead of new plans to introduce a tier-based system for lockdowns across the country, which could force some…

Government issues new guidance on the Job Retention Bonus

Employers will be able to apply for the Job Retention Bonus (JRB) between 15 February 2021 and 31 March 2021. This one-off taxable payment to employers offers £1,000 for each eligible employee that was furloughed and kept continuously employed until 31 January 2021. Any employer can submit a claim, as long as they have…

Download the Government’s guide to the Job Support Scheme

Many businesses have welcomed the news that the Government will introduce a new scheme to support them with their employment costs once the Coronavirus Job Retention Scheme ends. The new Job Support Scheme will launch on 1 November 2020 and is designed to support viable jobs by subsidising the wage costs for staff working…

Thorne Widgery welcomes Chancellor’s new financial support but says the devil is in the detail

Hereford and Ludlow-based accountancy firm Thorne Widgery has said that the Chancellor’s Winter Economy Plan announced in Parliament will play an important role in supporting businesses during these difficult times – but may still leave some workers without support. Earlier this week the Prime Minister, Boris Johnson, announced new restrictions to stem the tide of…

Chancellor announces new Job Support Scheme and package of business support measures

The Chancellor, Rishi Sunak, has announced a new job protection scheme and a range of new business support measures. Announcing his Winter Economy Plan at a hastily arranged statement in the House of Commons, Mr Sunak said: “Our task now is to move to the next stage of our economic plan, nurturing the recovery…

Businesses encouraged to use up to £1 million of tax relief before it runs out

With many businesses keen to access funding to support them during the current crisis, Hereford and Ludlow-based accountants Thorne Widgery is calling on companies to take advantage of the Annual Investment Allowance (AIA).   The AIA for capital allowances was increased to £1,000,000 per annum for expenditure from 1 January 2019. However, from 1 January 2021, this…

Government to reinforce COVID Secure guidance with new direct legal obligations

To ensure workplaces that remain open prevent the spread of Coronavirus, the Government will introduce a direct legal obligation for businesses in England that requires them to follow the latest guidance to the letter. During his speech to Parliament on the new measures, the Prime Minister, Boris Johnson, said that businesses could face fines…

Hospitality industry faces new restrictions to curb second wave

In recent weeks, many businesses within the hospitality sector have been enjoying a relaxation of COVID-19 restrictions. However, from 24 September 2020 pubs, bars and restaurants will have to close at 10pm, as part of the Government’s attempts to limit a second wave of Coronavirus infection. The same measures apply to takeaways, however, deliveries…
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