Government set to ban the sale of new petrol and diesel cars and vans from 2030
The Government is set to ban the sale of petrol and diesel cars and vans from 2030, with hybrid vehicles to follow in 2035.Continue reading
Proposed R&D cap for SMEs published
On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published.Continue reading
More than 8,000 not-for-profit organisations share funding through Coronavirus Community Support Fund
Over 8,000 not-for-profit organisations have received grant funding of £200 million to support them throughout the coronavirus pandemic, new figures have revealed.Continue reading
Temporary Annual Investment Allowance extended to January 2022
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
Government set to unveil legislation enabling ministers to block foreign takeovers of UK companies
The Government is set to unveil new legislation that will enable ministers to block firms from ‘hostile states’ from completing takeovers of UK companies.Continue reading
New Bounce Back Loans have banks preparing for a wave of applications
UK banks have been preparing themselves for the wave of small and medium-sized enterprises (SMEs) topping up with the Bounce Back Loan Scheme (BBLS) once the Chancellor reopens the coronavirus-related scheme on 9 November.Continue reading
Recruitment figures up but “still below pre-Covid levels”, says BCC study
More firms attempted to recruit staff in the past three months compared to Q2 2020, but overall recruitment figures still fall below pre-Covid levels, a major study has revealed.Continue reading
HMRC urges businesses to act ahead of end of transition period to “avoid disruption”
HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period.Continue reading
COVID-19: Payment holidays on credit cards, car finance and personal loans extended
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
COVID-19: Business loans to reach five times more than last year
Due to the ongoing coronavirus crisis, there are estimates that the amount of net borrowing from UK organisations will surpass five times the number in 2019, as businesses struggle to survive the second wave.Continue reading
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