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UK Finance warns firms over Bounce Back loan repayments

Trade body UK Finance has warned small businesses to consider their ability to repay a Bounce Back loan before taking one out.

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Covid-19: £100m VAT cut on protection equipment

Personal protective equipment (PPE) purchased by care homes, businesses, charities and individuals to protect against Covid-19 is to be free from VAT for a three-month period.

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Government extends deadlines for tax consultations

The government has extended deadlines for certain tax consultations as a result of the coronavirus (COVID-19) pandemic.

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UK inflation rate falls to 1.5%

The UK rate of inflation fell to 1.5% in March, data published by the Office for National Statistics (ONS) has revealed.

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Covid-19: Car finance help for consumers

The Financial Conduct Authority (FCA) has announced a package of measures covering motor finance and high cost credit agreements to directly support consumers facing payment difficulties due to coronavirus

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Coronavirus Job Retention Scheme goes live

The government's Coronavirus Job Retention Scheme went live on 20 April after Chancellor Rishi Sunak extended it until the end of June.

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Covid-19: Pensions regulator issues auto-enrolment guidance

The Pensions Regulator (TPR) has issued guidance covering automatic enrolment and employer contributions during the coronavirus (COVID-19) pandemic.

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Covid-19: Job Retention Scheme Update

HMRC have announced important updates to the Coronavirus Job Retention Scheme relating to employee eligibility

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Covid-19:Company Directors – claiming furlough.

The latest information from HMRC, updated on 4 April, states that company directors can claim furlough. However there are certain stipulations.

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Covid-19: business interruption loan scheme amended

The government has amended the coronavirus business interruption loan scheme (CBILS) for firms affected by the pandemic, following claims banks were forcing companies to provide personal guarantees

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Covid-19: HMRC delays MTD ‘digital links’ Excel deadline

HMRC has deferred by one year the deadline for businesses reporting under Making Tax Digital (MTD) for VAT to meet the requirement to have ‘digital links’ within their recordkeeping

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Covid-19: insolvency rules temporarily relaxed

The government has announced changes to the insolvency regulations during the coronavirus pandemic to enable UK companies undergoing a rescue or restructure process to continue trading,

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Covid-19: Self-employment Income Support Scheme

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19

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Increase in home working raises risk of cyber-attacks

The significant increase in home working caused by the coronavirus pandemic has increased the risk of firms being hit by cyber-attacks

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Covid-19: VAT payments deferred for three months

The government has announced a three-month deferral for VAT payments until end June for all UK businesses with HMRC working all hours to thrash out the detail

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FSB states scrapping Entrepreneurs’ Relief would ‘destroy retirements’

The Federation of Small Businesses (FSB) has stated that abolishing Entrepreneurs' Relief (ER) would 'destroy retirements'.

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UK business confidence bounces back in January

According to a survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW), UK business confidence bounced back in January

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New legislation aims to tackle late payments

New legislation is being introduced to Parliament today that aims to tackle late payments and strengthen the powers of the Small Business Commissioner.

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Businesses must take action to combat climate change

In a new report, the World Economic Forum (WEF) has stated that businesses must take action now to tackle climate change.

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Deadline for Pre-Brexit EU VAT Refund Claims approaching fast

The current government position is that the UK will leave the European Union on 31st January 2020. This will have an impact on EU VAT refund claims

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