Seven in 10 small businesses adapt sales or payment tactics to pandemic, study reveals

28 Aug 2020

Almost seven in 10 small businesses have launched an e-commerce website or introduced contact-free point of sale (POS) technology to adapt to the coronavirus pandemic, it has been revealed.

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Almost a third of small businesses carried on without Government Covid-19 support

27 Aug 2020

According to the latest industry research, nearly a third of small businesses have carried on through the Coronavirus pandemic without accessing any financial support from the Government.

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SMEs are missing out on £1.5 billion worth of COVID-19 Government support grants

26 Aug 2020

According to the latest research, small to medium-sized enterprises (SMEs) are missing out on almost £1.5 billion in coronavirus business support grants, which have gone unclaimed ahead of the deadline on Friday 28 August.

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COVID-19 – 1.23 million businesses access Government support schemes

24 Aug 2020

More than 1.23 million UK businesses have accessed COVID-19 support schemes backed by the Government, according to the latest figures from HM Treasury.

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Tax changes outlined in draft Finance Bill 2020 – 2021

24 Aug 2020

The Government has unveiled its draft legislation for the 2020 – 2021 Finance Bill (the Bill). The new proposals cover a number of measures that were previously announced in the 2020 Spring Budget. To help you gain a greater appreciation for potential tax changes on the horizon, we have prepared a summary of some of […]

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Coronavirus Business Interruption Loan Scheme expanded to more businesses

24 Aug 2020

Following a change in EU state aid rules, the Government has announced that it will expand the Coronavirus Business Interruption Loan Scheme (CBILS) to certain businesses classed as “undertakings in difficulty” – those with large losses and debts. The UK remains subject to EU state aid rules during the Brexit transition period. The change means […]

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VAT treatment of imported goods up to £135 to change under new rules

24 Aug 2020

VAT on imported goods with a value of up to £135 will be collected at the point of sale, not the point of importation from 1 January 2021. New guidance has been issued by HM Revenue & Customs (HMRC) which outlines how it anticipates the import of goods from outside the UK below this value […]

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HM Revenue & Customs publishes Job Retention Bonus guidance

24 Aug 2020

HM Revenue & Customs (HMRC) has published guidance setting out how the Job Retention Bonus will operate. The Job Retention Bonus was announced by the Chancellor at the Summer Economic Update on 8 July 2020 and will provide employers with a one-off payment of £1,000 for each previously furloughed employee continuously employed to 31 January […]

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Small business Covid recovery boosted by £20million in new grants

24 Aug 2020

The Government has announced new grants aimed at smaller businesses in England worth £20 million, to help them obtain the support they need to recover from the effects of the Coronavirus pandemic. Under the new scheme, small and medium-sized businesses will be able to obtain grants of between £1,000 – £5,000 that can be used […]

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HM Revenue & Customs sets out Making Tax Digital plans for VAT and Income Tax

24 Aug 2020

HM Revenue & Customs (HMRC) has set out its plans for the future of the Making Tax Digital (MTD) programme, with confirmation of the timeline for the expansion of MTD for VAT and the introduction of MTD for Income Tax. Since its introduction in April 2019, MTD for VAT has required most VAT-registered businesses with […]

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