The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed. Continue reading
Category Archives: Economy
Applying for a Coronavirus Business Interruption Loan Scheme (CBILS)
Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cashflow. Continue reading
Coronavirus: Government announces IR35 delay
The Government has announced that the IR35 tax reforms which were due to be implemented in April 2020 have been delayed for a year due to the ongoing coronavirus outbreak. Continue reading
How does the new emergency coronavirus loan scheme work?
On Wednesday 11 March, the Chancellor revealed that the Government would launch an emergency loan scheme designed to support businesses affected by the Covid-19 outbreak. Continue reading
Entrepreneurs’ relief cut to £1 million in Budget
The Chancellor, Rishi Sunak, announced in yesterday’s Budget that entrepreneurs’ relief (ER) will be cut from £10 million to £1 million, effective immediately. Continue reading
SMEs urged to go digital: £15.3 billion could be added to the UK economy
A recent study suggests that the UK economy could benefit by up to £15.3 billion if SMEs introduce the use of digital technology, tools and connectivity within their organisation. Continue reading
Points-based immigration system works for small businesses providing “costs are kept down”, says FSB
The Government’s new immigration system “works for small businesses”, but only if costs can be kept to a minimum, an industry body has said. Continue reading
Digital sector worth more than £400 million a day to UK economy
According to new Government figures, the digital sector contributed to £149 billion to the country during 2018, accounting for 7.7 per cent of the UK economy. Continue reading
Company insolvencies hit six-year high
Company insolvencies increased to their highest annual level for over six years, the latest statistics have shown. Continue reading
Brexit – what happens next?
The UK is set to leave the European Union (EU) on Friday 31 January 2020 at 11 pm – but what happens next? Continue reading