Failure to secure EU data adequacy decision could cost small businesses billions, study reveals

27 Nov 2020

Data processing could cost small businesses up to £1.6 billion should the UK fail to show the EU that it has adequate levels of data protection, a major study has revealed.

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HMRC to investigate Eat Out to Help Out scheme claimants

19 Nov 2020

Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure that money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced.

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Proposed R&D cap for SMEs published

16 Nov 2020

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.

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Temporary Annual Investment Allowance extended to January 2022

12 Nov 2020

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

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Government set to unveil legislation enabling ministers to block foreign takeovers of UK companies

11 Nov 2020

The Government is set to unveil new legislation that will enable ministers to block firms from ‘hostile states’ from completing takeovers of UK companies.

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HMRC urges businesses to act ahead of end of transition period to “avoid disruption”

05 Nov 2020

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.

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New grant funding scheme announced to help SMEs trade overseas

22 Oct 2020

Up to £38 million in grant funding has been made available for small and medium-sized enterprises (SMEs) seeking to trade overseas, it has been announced.

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From in-store to online: the rise of start-ups during the coronavirus pandemic

19 Oct 2020

According to the Office for National Statistics (ONS), the number of new business start-ups has increased by 5 per cent during the third quarter of this year, compared to the same period in 2019.

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British businesses among “most optimistic” in Europe, Covid-19 study suggests

16 Oct 2020

Businesses in the UK are more optimistic about their post-coronavirus prospects than in almost any other country in Europe, a major study has revealed.

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

07 Oct 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.

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