During today’s coronavirus (COVID-19) briefing, Rishi Sunak, the Chancellor of the Exchequer, announced unprecedented funding designed to protect businesses and save lives during the ongoing pandemic. The government will step in to cover 80% of salaries, up to £2,500 pcm, for staff who cannot work because of the virus. The grant is intended to cover
As an unexpected consequence of travel disruptions caused by the current COVID-19 outbreak, UK expats & non-residents could be faced with an unexpected tax bill, if they fall foul of the Statutory Residence Test (SRT). Under the rules of the SRT, non-residents and UK expats pay no income tax on their foreign earnings so long
Following on from the interest rate cuts announced last week from 0.75% down to 0.25%, the Bank of England (BOE) announced a further cut to 0.10%. The lowest in the 325 year history of the bank. The latest move was announced by Andrew Bailey, the new governor of the BOE . In his first week
