The UK economy shrunk less than first feared during the second national lockdown, a major report has revealed. Continue reading
Category Archives: Business News
Advisory Fuel Rates: updates from 1 December 2020
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to one month from the date of the new rates. Continue reading
Proposed R&D cap for SMEs published
On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published. Continue reading
Businesses return £215 million furlough payments to the Government
According to HM Revenue and Customs (HMRC), more than £215 million of Coronavirus Job Retention Scheme (CJRS) payments have been willingly returned to the Government by UK firms, out of £35.4 billion worth of claims up until 16 August. Continue reading
Government announces new measures to ensure SMEs are paid on time
The Government has announced new measures to ensure that small businesses get paid on time. Continue reading
HMRC backs down from pension tax case
HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy. Continue reading
Business failure at highest levels since 2014, says FSB
The number of businesses who filed for insolvency increased by 6.3 per cent in the first three months of 2019, new figures have shown. Continue reading
Government set to reform Companies House
The government is set to change the way Companies House works, with the largest reform of the company registration system in more than 100 years. Continue reading
FSB calls on Government to support bricks and mortar businesses
The Federation of Small Businesses (FSB) has called for a new 100 per cent business rates relief scheme for childcare providers in England. Continue reading
Latest trading figures “demonstrate the growing appetite for British produce outside of the EU”
The demand for UK goods and services “is growing across the globe”, a new study has revealed. Continue reading