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UK cuts electric vehicle grants by £500 April 29, 2021

The government has cut the Plug-in Car Grant and Van & Truck Grant by £500 and lowered the pricing cap on qualifying electric vehicles. The Department for Transport will now provide grants of up to £2,500 for electric vehicles on cars priced under £35,000. This is a reduction from the current £3,000 available for vehicles
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UK economy improved in February despite lockdown April 29, 2021

The UK economy returned to modest growth in February despite the country being under lockdown but remains sharply below its pre-pandemic peak, according to the Office for National Statistics (ONS). The latest data released by ONS shows that UK GDP rose by 0.4% in February, having shrunk in January. Growth was led by the production
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New claims required for home working tax relief April 29, 2021

Employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year, HMRC has stated. From 6 April 2020, employers have been able to pay employees up to £6 a week tax-free to cover additional costs if they have had to work from home. Employees who have
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New 95% mortgage scheme launched April 29, 2021

A new government-backed mortgage scheme to help people with 5% deposits get on to the housing ladder is available to lenders from 19 April 2021. First announced at the 2021 Budget, the scheme will help first-time buyers or current homeowners secure a mortgage with just a 5% deposit to buy a house worth up to
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Recent changes to IR35 ‘undermine the self-employed’, says IPSE April 29, 2021

The Association of Independent Professionals and the Self-Employed (IPSE) has stated that the recent changes to the rules relating to off-payroll workers, commonly known as IR35, ‘undermine the self-employed at the worst possible time’. The changes to IR35 took effect on 6 April 2021, and shift responsibility for making the decision on employment status on
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