New Forest

30/10/2019

Brexit related issues

The Brexit situation remains uncertain, and it remains a possibility that the UK could leave the European Union without a deal in place. Whatever Brexit scenario comes to pass it is vital that charities consider the implications and implement plans that are flexible to cope with any of the potential outcomes.

If you have not yet considered what a no-deal Brexit could mean for your charity the NCVO has recently published guidance that may assist you develop your plans for such an eventuality.

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Many partners & the self-employed may have spent a few days a month working from home before the current crisis, but now almost everybody is working from home. There are a few small tax breaks for this, where you can claim tax relief on work related expenditure incurred.

SELF-EMPLOYED INCOME SUPPORT GRANTS
The amount of the grant is 80% of average profits for 3 years to 5 April 2019. The grant is capped at £2,500 a month for the initial 3 month period. This scheme has been extended for 3 months from 1 June but reduced to 70%, capped to £6750.

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