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
Category Archives: Economy
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
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
IR35: Off-payroll working rules to go ahead in April 2021
Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed. 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
COVID-19: UK businesses owed more than £133 billion since lockdown began
UK businesses are owed more than £133 billion since the lockdown measures began in March, with the average business waiting on £148,917 for work that was completed before the lockdown. Continue reading
High Streets Task Force launches to provide “invaluable advice” to businesses affected by COVID-19
A new package of support will help high street businesses “get back on their feet” following the coronavirus lockdown, the Government has said. Continue reading
New Corporate Insolvency and Governance Bill to extend accounting deadlines
The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested. Continue reading
Self-Employment Income Support Scheme open for business
The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule. Continue reading