One in five small businesses not entitled to financial support, FSB reveals

February 11, 2021

As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed.Continue reading→

Coronavirus: Pubs in tier two and three areas set to receive new £1,000 grant funding

December 3, 2020

Pubs that principally serve alcohol in tier two and three areas are set to receive additional financial support over the Christmas period following an announcement by the Government.Continue reading→

Temporary Annual Investment Allowance extended to January 2022

November 12, 2020

The temporary Annual Investment Allowance (AIA) will be extended until 01 January 2022 to “stimulate investment in UK manufacturing”, it has been announced.Continue reading→

COVID-19: Payment holidays on credit cards, car finance and personal loans extended

November 4, 2020

Payment holidays on credit cards, car finance, personal loans and pawned goods have been extended following the Government’s announcement of a second lockdown from Thursday 5 November.Continue reading→

UK Export Finance scheme extended to more than 100 overseas territories

October 8, 2020

The Government’s UK Export Finance (UKEF) scheme has now been extended to support international trade in more than 100 countries, it has been announced.Continue reading→

COVID-19: National Audit Office warns up to 60 per cent of Bounce Back Loans may not be paid back

October 7, 2020

The Government’s spending watchdog, the National Audit Office (NAO), has warned that up to 60 per cent of businesses may not pay back the 100 per cent Government-backed Bounce Back Loans Scheme (BBLS) because of fraudulent applications and minimal credit checks.Continue reading→

Businesses return £215 million furlough payments to the Government

September 21, 2020

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→

Coronavirus Job Retention Scheme rejects claims after employer accounting errors

September 18, 2020

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned businesses to get “their data right” or face delays receiving grants under the Coronavirus Job Retention Scheme (CJRS).Continue reading→

The second round of the Self-Employment Income Support Scheme (SEISS) opens for applications

August 19, 2020

The second stage of the Self Employment Income Support Scheme (SEISS) is now open, and applications must be submitted before the deadline on Monday 19 October 2020.Continue reading→

Government announces £10 million tourism rescue package

July 8, 2020

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→