“Record” number of employers reduce headcount over last three months, FSB reveals

A “record” number of firms say they have reduced headcounts over the last three months as a result of Covid-19 disruption, a major study has revealed.Continue reading→

Working parents struck by Covid-19 will be allowed to continue claiming Tax-Free Childcare, HMRC confirms

Working parents who fall under the income threshold to claim Tax-Free Childcare as a result of Covid-19 will be allowed to continue receiving relief, it has been announced.Continue reading→

British Airways handed “biggest ever” fine under General Data Protection Act

British Airways (BA) has been fined £20 million after “failing to protect” the personal data of more than 400,000 of its customers, it has been announced.

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Self Assessment: HMRC recommends completing online returns ahead of the deadline

Self Assessment individuals have 97 days left to complete their tax returns online before the deadline, but HM Revenue & Customs (HMRC) recommends completing it as early as possible.Continue reading→

Employers prepare to move to Job Support Scheme as Coronavirus Job Retention Scheme winds down

Employers currently using the Coronavirus Job Retention Scheme (CJRS) should prepare to transition to the new Job Support Scheme from the start of next month, HM Revenue & Customs (HMRC) has said.Continue reading→

New grant funding scheme announced to help SMEs trade overseas

Up to £38 million in grant funding has been made available for small and medium-sized enterprises (SMEs) seeking to trade overseas, it has been announced.Continue reading→

Premium Bond holders express concern with new paper-free system

Some Premium Bond holders have expressed their concern with the new paper-free system after National Savings and Investments (NS&I) announced that it would stop paying winnings by cheque from March 2021.Continue reading→

From in-store to online: the rise of start-ups during the coronavirus pandemic

According to the Office for National Statistics (ONS), the number of new business start-ups has increased by 5 per cent during the third quarter of this year, compared to the same period in 2019.Continue reading→

British businesses among “most optimistic” in Europe, Covid-19 study suggests

Businesses in the UK are more optimistic about their post-coronavirus prospects than in almost any other country in Europe, a major study has revealed.Continue reading→

ICAEW “questions” pension tax relief proposals

The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses.Continue reading→