Recovery Loan Scheme now open for business, Government confirms

British businesses can now apply for affordable loans of between £1,000 and £10 million under the new Recovery Loan Scheme (RLS).

Continue reading

New off-payroll working rules come into force: what you need to know

Medium and large employers are now required to determine the employment status of contractors after major changes to the off-payroll working rules came into force this month.

Continue reading

New legal minimum wage comes into force from today, Government confirms

The new minimum rate of pay for workers in England comes into force today, 01 April 2021, it has been confirmed.

Continue reading

Business owners put billions of pounds on the line to secure early CBILS loans, figures reveal

Business owners who took out an early coronavirus loan have more than £1.2 billion of personal guarantees on the line, a major study has revealed.Continue reading

UK economy shrinks less than first feared after second national lockdown, economists reveal

The UK economy shrunk less than first feared during the second national lockdown, a major report has revealed.Continue reading

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HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy.Continue reading

Can we help? Talk to our expert team