Draft legislation implements requirement for “mandatory independent scrutiny” of pre-pack administration sales

New legislation will require independent scrutiny of pre-pack sales where connected parties are involved, it has been announced.Continue reading

Small businesses handed £7.8 billion through local authority grant schemes, figures reveal

More than £7.8 billion in grant funding has been delivered to small businesses through local authority grant schemes, it has been revealed.Continue reading

Self-Employment: Government set to announce the fourth round of SEISS in Budget  

The Chancellor, Rishi Sunak, is set to announce the fourth round of the Self-Employment Income Support Scheme (SEISS) at the Budget on 3 March, according to reports.Continue reading

Budget 2021: Hospitality businesses call for extended VAT cut

Due to the prolonged impact of coronavirus on the hospitality industry, firms within this sector urge Chancellor Rishi Sunak to extend the VAT reductions for a year in the Budget.Continue reading

Uber drivers “not self-employed”, Supreme Court rules

Ride-hailing giant Uber must pay its workforce at least the legal minimum wage and holiday pay after a Supreme Court ruled that its drivers are “not self-employed”.Continue reading

HMRC announces light touch approach to IR35 errors in first 12 months

Businesses will not be penalised for errors relating to IR35 in the first 12 months, it has been announced.Continue reading

Businesses to have access to free service to help resolve disputes with banks

Small and medium-sized enterprises (SMEs) will have access to a new independent service to assist in resolving disputes with banks.Continue reading

Pub industry calls for reopening of the sector as sales halve

Prominent figures within the beer and pub industry are calling upon the Government to reopen pubs with non-essential shops when lockdown ends, as they are an indispensable contributor to the economy. Continue reading

UK economy suffers “worst fall in 300 years”

The UK economy shrank by a record 9.9 per cent last year as coronavirus restrictions forced thousands of businesses to close, official statistics have revealed.Continue reading

One in five small businesses not entitled to financial support, FSB reveals

As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed.Continue reading

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