HLAS

The UK is in national lockdown and like the first lockdown in March, we cannot leave our homes except for certain reasons such as medical, food, exercise and for those who cannot work from home. The rules for can be seen here: England: https://www.gov.uk/guidance/national-lockdown-stay-at-home?utm_source=8f43e68a-5e0b-44b9-a5db-9e5b5a83d680&utm_medium=email&utm_campaign=govuk-notifications&utm_content=daily Scotland: https://www.gov.scot/publications/coronavirus-covid-19-stay-at-home-guidance/ Wales: Alert level 4 | GOV.WALES Northern Ireland: Coronavirus (COVID-19) regulations guidance: what the restrictions mean for you | nidirect All we can do is hope the vaccine is rolled out efficiently to those most vulnerable and that this new lockdown slows the spread of the virus down. In the meantime we will continue [...]

We have to admit that last year we did not predict the Pandemic and the devastation we have endured. We did predict Brexit disruption, and this looks like it will be the case until systems are in place for as “smooth as possible” travel and trade. There will be "bumpy moments" for UK businesses and travellers as they get to grips with new EU rules, stated Michael Gove at the end of last year. The nature of the UK’s new relationship with the EU - outside the Single Market and Customs Union - means that there are practical and procedural [...]

Clearly there will be short term actions on EU trade for some. However we encourage all clients to consider taking time to prepare a 2021 Strategic plan. “A sailor without a destination will never get a favourable wind” It is easier to get to your destination with a plan. We all know this simple truth. If you are driving from A to B it helps to know where A is and the directions you need to take. If you have a vision of what you want your business to look like when it is “complete” then you are in a [...]

We have today moved to remote working in line with Government Guidance. We have set up our phone system to allow for this. Please continue to contact us normal, we are intending to operate at normal capacity for the rest of this period.   We would ask where people need to drop off information with us, they let us know beforehand so that we can ensure that they are handed over safely. Stay Safe, From everyone at Harris Lacey and Swain.

The Chancellor recently announced that the temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery has been extended to 31 December 2021. The tax relief was originally scheduled to revert to just £200,000 from 1 January 2021, but that will now be delayed by twelve months. Remember that there is currently an additional 100% tax relief for the cost of buying a new car for the business where the CO2 emissions of the car are no more than 50g per kilometre. That threshold reduces to 0g from April 2021.