Government publishes regional Covid-19 finance figures
07 Aug 2020
Almost 900,000 businesses in England have benefitted from more than £10 billion in Covid-19 loans and grants, the latest figures reveal.
Read Full StoryMore businesses invited to apply for Covid-19 support after EU State Aid changes
03 Aug 2020
Even more struggling businesses affected by Covid-19 can now access finance under the Coronavirus Business Interruption Loan Scheme (CBILS), it has been announced.
Read Full StoryNew legislation introduced to protect redundancy pay of furloughed workers
31 Jul 2020
The Government has announced that from 31 July 2020 any furloughed worker that is made redundant will receive a payment based on their normal wage rather than the reduced rate of pay they may have received under the Coronavirus Job Retention Scheme (CJRS). Reports of a small number of employers taking advantage of the Coronavirus […]
Read Full StoryChancellor considers online sales tax for e-commerce retail sector
27 Jul 2020
The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a bid to help the struggling high street compete with the e-commerce sector.
Read Full StoryGovernment confirms Job Retention Bonus of £1,000
22 Jul 2020
During the Summer Economic Update, the Chancellor Rishi Sunak announced his Plan for Jobs, which included a new incentive for users of the Coronavirus Job Retention Scheme (CJRS) to keep furloughed workers employed until January 2021. The Job Retention Bonus (JRB) will encourage employers to bring back furloughed employees by allowing them to claim a […]
Read Full StoryUpcoming key dates for the Coronavirus Job Retention Scheme
22 Jul 2020
In the next few weeks, employers may need to submit additional information or change the way they manage their Coronavirus Job Retention Scheme (CJRS) claims. To help you prepare, here are some key dates and actions you may need to take: 31 July 2020 – Submit your CJRS claim for periods ending on or before […]
Read Full StoryPaying for COVID-19: Government begins exploring tax take back
22 Jul 2020
The Chancellor, Rishi Sunak, has commissioned the Office of Tax Simplification (OTS) to undertake a review into how Capital Gains Tax (CGT) is paid by small businesses and individuals. It is estimated that the UK Government has already incurred hundreds of billions of pounds in costs in its economic fight against the Coronavirus and it […]
Read Full StoryGovernment confirms the next steps for the digitisation of taxation
22 Jul 2020
The Treasury has released new details on the next steps it intends to take as part of its long-term tax digitisation plan. Its timeline for a modernised digital tax system will see HM Revenue & Customs’ (HMRC) Making Tax Digital (MTD) programme gradually extended over the next few years to cover most businesses. Under the […]
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