A full summary of the 2021 Budget may be found at:


Download a copy of the budget here


VAT Domestic Reverse Charge from 1 March 2021

The new rules for the VAT Reverse Charge for the Construction Industry are due to commence on 1 March 2021 – please see : https://www.gov.uk/guidance/vat-domestic-reverse-charge-for-building-and-construction-services

We are Open! Please note our new office hours : 8.30 am to 4.30 pm Monday to Friday We are working a shift pattern to ensure the safety of our staff and clients – please always make an appointment.


Self-Employment Income Support Scheme

HMRC have announced that details about the fourth grant will be announced on 3 March 2021


Extension of the Corona Virus Job Retention Scheme



Many businesses are confused by the new restrictions in respect of the latest National Restrictions for England. Comprehensive guidance can be found at:


The guidance includes advise on which businesses can stay open, rules regarding the meeting of people outside your household and financial support which is available.

Our offices remain open, with clients seen by appointment only. The offices adhere to COVID-19 secure policies and to ensure the safety of our clients and staff, we are working on a reduced staff level.


Further to the announcement made on Saturday 31st October 2020 by the Prime Minister, the latest support for business can be found at:


We will update this site with further advice once it has been published

Job Retention Bonus

HMRC have updated their guidance on the Job Retention Bonus Scheme. Full details can be found at:


Job Retention Bonus – who can claim?



Following Rishi Sunak’s announcement in the House of Commons last week, details of the Job Support Scheme can be found at:


As soon as more information is available this site will be updated

HMRC has updated its guidance for employers on making claims under the Coronavirus Job Retention Scheme (CJRS) to reflect changes to the furlough scheme from 1 July, including flexible working

Covid-19: updated furlough guidance

Latest News





The second application for the Self-Employment Income Support Scheme opens next Monday – !7th August 2020 – you can not make a claim before this date. To make a claim please follow this link : https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#claim or call HMRC on 0800 024 1222

The deadline for the second claim is 19 October 2020


Coronavirus job retention bonus

Confirming that the coronavirus job retention scheme will be flexibly and gradually wound down through October, Sunak said the second phase of the economic recovery would focus on getting as many people as possible back from furlough and into jobs.

‘The economy contracted by 25% in two months, the same amount as it had grown over the previous 18 years. The most urgent challenge now is to halt job losses.

‘The truth is, calling for endless extensions to the furlough is just as irresponsible as it would have been back in June to end the scheme overnight.

‘Leaving the furlough scheme open forever gives false hope that people will return to the jobs they had before,’ the Chancellor said.

To reward and incentivise employers to bring back employees, any employer who brings back a furloughed member of staff through to January 2021 will receive a £1,000 bonus per employee. this is conditional on the employee being paid at least £520 per month in November and December, equivalent to the lower earnings limit for National Insurance contributions.

Sunak said that if all 9m furloughed employees return, then this policy will cost the government £9bn.

Kickstart scheme

Highlighting that the younger generation have been hardest hit by coronavirus disruption, with 700,000 leaving education this year and many more starting out on their careers, Sunak announced the Kickstart scheme for employers who create new jobs for any 16-24 year old at risk of unemployment.

The government will pay young people’s wages for six months, plus an amount for overheads, which will give employers a grant of around £6,500 for each employee taken on.  The funding is conditional on these being new jobs, paid at national minimum wage and for at least 25 hours a week.

Employers will be able to apply from next month, with the first Kickstarters in jobs in the autumn. Sunak said he is providing an initial £2bn to fund the scheme, with no cap on the number of places available.

For the first time ever, the government will pay employers £1,000 to take on new trainees, with the aim of tripling the number of level 2 and level 3 courses, at a cost of £100m.

There is also extra funding for careers advice, and a tripling of the number of places in sector-based work academies.

In addition, over the next six months the government will pay employers to create new apprenticeships, with a grant of £2,000 per apprentice hired. There is a new bonus payment of £1,500 for hiring those aged over 25.

The government is also providing £1bn to the Department for Work and Pensions, to fund additional support to help those on universal credit get back into work.

Green jobs

The Chancellor announced a £2bn green home grant, to support a green-led recovery. From September homeowners and landlords will be able to apply for vouchers to make housing more energy efficient and to create local jobs.

The government will cover two thirds of the cost up to £5,000 per household, and up to £10,000 for those on low incomes.

There is also £1bn of funding for developing energy efficiency in public sector building.

Stamp duty cut

The Chancellor pointed out that property transactions fell 50% in May, while house prices fell for the first time in eight years.

To boost the housing market, Sunak announced a cut in stamp duty, increasing the threshold for payment from the current £125,000 to £500,000.  This is a temporary cut until 31 March 2021 and will take effect immediately. Treasury estimates suggest the average homebuyer will see their bill fall by £4,5000, and nearly nine out of ten main home buyers will pay no duty at all.

VAT cut for hospitality sector

The Chancellor said hospitality and tourism had been badly impacted by coronavirus, and with two million workers employed in the sector it was important to ‘get pubs, restaurants, attractions and b&bs bustling again’.

He announced two measures. Firstly, there is a VAT cut from 15 July to 12 January 2021, reducing the rate from 20% to 5% for six months.  Described by Sunak as a ‘£4bn catalyst’, this will see the VAT cut applied to food, accommodation, eat in or hot takeaways, cinemas, zoos and theme parks.

Secondly, Sunak unveiled a final measure which he said had never been tried in the UK before, and marked a ‘unique moment’.

‘To get customers back into restaurants, cafes, and pubs and to protect the jobs of workers, for the month of August, we will give everyone an “eat out to help out” discount,’ Sunak explained.

This discount will apply to meals eaten at any participating business on Monday to Wednesday and will be 50% off to a maximum of £10 per head. The government will open a website where business can register for the scheme online, with the funds they claim back paid within five working days.

Professional? You mean AWESOME!

(but still professional)

How awesome are we? Well, we’re based in the radical town of East Dereham in the heart of Norfolk, famous for… umm… this guy, and also this lovely lady. Not only that, but Dereham is (allegedly) the exact geographical center of Norfolk. How awesome is that? (allegedly).

Right: This Guy

Far Right: The Lovely Lady

Below: The (alleged) center of Norfolk (a pothole)

Hey look – here’s Bonnie’s cottage! It’s a museum now, and it’s a literal stones-throw away from us*

Why not visit the Facebook page?


*A stone thrown by a very strong man.

Our GROOVY services include


We handle accounts for a wide variety of different types of business; from limited companies to small & medium businesses


Such a small word, yet Tax is something that none of us want to think about, and yet we all know we have to pay it.


Jemmett Fox offer a complete payroll solution for your company, including processing, payslips & annual returns.


Jemmett Fox have a VAT expert on hand to help you get to grips with this most irritating of taxes, so don’t despair!


No matter how big or how small your company is, some level of bookkeeping will be required, and Jemmett Fox are here to help.

Web Design

Alongside our accountancy services, we have a sister company who run a web design and creative media agency for all your digital needs.

Check out our RADICAL offices

Ok then, now, how to get in touch with us. Well, you’ve got choices! There’s a form there – fill in it and we’ll get in touch with you as soon as we can. Or check out the following info:

Call us: 01362 851118

Email: info@jemmettfox.com

Pop in between 08.30 and 17.00:

Jemmett Fox (UK) Ltd
The White House
High Street
Derehem, Norfolk
NR19 1DR