Samuel Phillips Law Blog
Tax planning during lockdown might seem like a strange concept, but if you are fortunate enough to be in the position of having surplus income or capital, now might actually be a key time to consider your position.
The Department for Business Enterprise and Industrial Strategy has published guidance on Wednesday 13 May about holiday entitlement. It is guidance and subject to interpretation by the Courts but as I happen to agree with it, I venture to suggest it is good guidance.
We are now receiving mixed messages from the Government along the lines of return to work but stay at home. We are not sure whether to use public transport or walk ahead of it. As for the kids, they’ll get back to us on that one. Still as long as we stay alert all will be well.
The Government has today launched what may well prove to be an extremely popular loan scheme. Application forms are completed online with any of the approved banks. The business bank will tell you which are the approved banks. I think this is a potentially good piece of news. Not as good as a grant but a whole lot better than the ill-fated coronavirus business interruption loan scheme.
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