HM Revenue & Customs (HMRC) has received 54,800 tax relief claims from individuals for working from home using a new online portal. Continue reading
Brexit: Just 13 per cent of businesses feel prepared for the UK to leave the EU
According to the latest research, one in eight businesses feel prepared for the UK to leave the European Union (EU) after the transition period comes to an end in December. Continue reading
Heritage organisations set to receive £103 million under Culture Recovery Fund
Some 445 heritage organisations affected by Covid-19 are set to receive more than £103 million in affordable loans and grant funding, it has been revealed. Continue reading
UK Export Finance scheme extended to more than 100 overseas territories
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
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
Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed
From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first. Continue reading
Time to Pay threshold increased to £30,000
From this week, Self Assessment customers affected by Covid-19 can apply online to spread the cost of their tax bill into affordable monthly payments. Continue reading
Commercial property: Retail rental arrears could rise to £2 billion after third-quarter payment deadline
According to research, retail rent arrears could total over £2 billion following the third-quarter payment deadline this week. Continue reading
SMEs are still chasing unpaid invoices
The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors. Continue reading
Automatic enrolment easements to be lifted from January, regulator reveals
Pension flexibilities afforded to employers throughout the coronavirus pandemic will be removed from 01 January 2021, it has been revealed. Continue reading