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Business News
Call to extend Covid-19 insolvency protection
10th Sep 2020 | Posted by:The government should extend emergency Covid-19 insolvency measures or risk seeing a raft of company collapses and job losses later this year
Read More£20m advice support for SMEs to recover from Covid-19
25th Aug 2020 | Posted by:The government has announced £20m of funding to help smaller businesses to recover from the Covid-19 pandemic
Read MoreHMRC targets 3,000 employers over CJRS claims
20th Aug 2020 | Posted by:HMRC has written to 3,000 employers as part of its risk assessment and compliance activity over claims made to cover the wages of furloughed staff
Read MoreBounce Back loans average 87,000 approvals a week since launch
11th Aug 2020 | Posted by:Lenders have approved an average of 87,000 Bounce Back loans every week since the scheme was launched on 4 May, according to the latest figures from the Treasury.
Read MoreHMRC outlines changes to VAT treatment of imported goods
28th Jul 2020 | Posted by:From 1 January 2021, VAT on imported goods with a value of up to £135 will be collected at the point of sale as opposed to the point of importation.
Read MoreYoung people most likely to suffer job loss as result of coronavirus lockdown
8th Jul 2020 | Posted by:A report published by think tank the Resolution Foundation has suggested that young people are most likely to suffer job loss as a result of the coronavirus (COVID-19) lockdown.
Read MoreBusinesses urged to reinstate VAT direct debits
25th Jun 2020 | Posted by:The Association of Taxation Technicians (ATT) is reminding businesses which have cancelled their direct debit in order to defer VAT payments, to set up a new one soon to prevent penalties
Read MoreGovernment-backed coronavirus lending now over £40 billion
24th Jun 2020 | Posted by:Over £40 billion has now been borrowed through government-backed schemes designed to help businesses get through the coronavirus (COVID-19) crisis
Read MoreHMRC ‘gearing up’ to combat furlough ‘abuse’
18th Jun 2020 | Posted by:If you have received a government payout under the Coronavirus Job Retention Scheme (CJRS), or ‘furlough’ provisions, and are in any doubt as to whether the amount received is correct
Read MoreHow circumstances affect the self-employment income support scheme
18th Jun 2020 | Posted by:The Self-Employment Income Support Scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits
Read MoreMPs call for VAT reduction to help firms affected by coronavirus
16th Jun 2020 | Posted by:MPs have urged the government to reduce VAT for firms in the tourism sector in order to help them recover from the coronavirus (COVID-19) lockdown.
Read MoreCovid-19: updated furlough guidance
15th Jun 2020 | Posted by: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
Read MoreSelf employed grant claimants warned of tax hit
11th Jun 2020 | Posted by:The Low Incomes Tax Reform Group (LITRG) is concerned that recipients of the government’s Self-Employed Income Support Scheme (SEISS) grant might not realise that it is taxable
Read MoreFurlough extended for parents on statutory leave
10th Jun 2020 | Posted by:Parents on statutory maternity and paternity leave who return to work in the coming months will be eligible for the government’s furlough scheme even after the 10 June cut-off date
Read MoreCovid-19: delay to VAT reverse charge on construction services
5th Jun 2020 | Posted by:HMRC has announced a five-month delay to the introduction of the domestic reverse charge for construction services, due to the impact of the coronavirus pandemic on the construction sector, and the VAT change will not now apply until 1 March 2021
Read MoreCovid-19: ICAEW predict a strong economic rebound
4th Jun 2020 | Posted by:A strong economic recovery following the coronavirus pandemic is likely, with conditions ripe for a quick turnaround from this ‘short, if very sharp, shock’, according to Oxford Economics report
Read MoreCovid-19: Furlough and self employment support schemes amended
1st Jun 2020 | Posted by:Chancellor Rishi Sunak has announced changes to the government’s coronavirus support schemes, including part time working and a tapered employers’ contribution, and a second grant payment for the self employed
Read MoreFSB calls for government to give company directors more support
29th May 2020 | Posted by:The Federation of Small Businesses (FSB) has urged the government to supply company directors with additional support during the coronavirus (COVID-19) pandemic.
Read MoreCovid-19: property transactions slump by half
28th May 2020 | Posted by:The estimated number of residential property transactions in April was 53.4% lower than April 2019 and 46.1% lower than the previous month this year
Read MoreGovernment spend tops £124bn
27th May 2020 | Posted by:The government has spent £124.3bn on programmes, initiatives and spending commitments in response to the pandemic, according to initial analysis from the National Audit Office (NAO)
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