Almost 900,000 businesses in England have benefitted from more than £10 billion in Covid-19 loans and grants, the latest figures reveal. Continue reading
Category Archives: Covid-19
More businesses invited to apply for Covid-19 support after EU State Aid changes
Even more struggling businesses affected by Covid-19 can now access finance under the Coronavirus Business Interruption Loan Scheme (CBILS), it has been announced. Continue reading
Chancellor considers online sales tax for e-commerce retail sector
The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a bid to help the struggling high street compete with the e-commerce sector. Continue reading
COVID-19 – Almost one in three businesses ‘expect redundancies’ according to the latest research
Almost one in three businesses (29 per cent) expect to make redundancies in the next three months, according to the latest research from the British Chambers of Commerce (BCC) and Totaljobs. Continue reading
Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms
Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed. Continue reading
UK SMEs optimistic for future despite Coronavirus pandemic
According to the latest research, the majority of UK based small and medium-sized enterprises (SMEs) are optimistic about the future despite the huge challenges many businesses are facing as a result of the pandemic. Continue reading
Government announces £10 million tourism rescue package
The Government has announced that tourism providers in England and Wales can now apply for a share of a £10 million rescue package designed to support the sector. Continue reading
COVID-19: Government set to introduce Stamp Duty holiday
The Chancellor, Rishi Sunak, is set to announce the introduction of a Stamp Duty holiday in his summer statement on Wednesday 8 July 2020. Continue reading
Businesses expecting recovery to take around 18 months
According to the latest research, UK businesses anticipate that it will take around 18 months to fully recover from the disruption of the Coronavirus pandemic and associated social distancing rules. Continue reading
COVID-19: The key dates for your tax diary
There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements, with many being amended, delayed or deferred over the past few months. Continue reading