News

24 Sep

Chancellor outlines Winter Economy Plan

A new emergency jobs scheme will be introduced to protect jobs during the coronavirus (COVID-19) downturn this winter, Chancellor Rishi Sunak has announced.

24 Sep

UK economic recovery slowing even before new Covid-19 curbs

The UK's recovery from the Covid-19 lockdown was losing momentum even before the announcement of new restrictions to control the spread of the virus, according to the latest data.

23 Sep

Business groups call for more support following new restrictions

Following Prime Minister Boris Johnson's speech in which he outlined new coronavirus (COVID-19) restrictions for businesses in England, business groups have called for further government support.

22 Sep

NAO calls on Treasury to safeguard access to cash

The National Audit Office (NAO) has called on the Treasury to safeguard access to cash after the coronavirus (COVID-19) pandemic accelerated the transition to cashless payments.

21 Sep

UK businesses voluntarily return £215 million in furlough funds

HMRC data has revealed that UK businesses have voluntarily returned more than £215 million in overclaimed Coronavirus Job Retention Scheme (CJRS) payments.

18 Sep

MPs urge Chancellor to extend job retention scheme

MPs have urged Chancellor Rishi Sunak to extend the Coronavirus Job Retention Scheme (CJRS) to help avoid mass redundancies.

17 Sep

FCA confirms support for mortgage borrowers

The Financial Conduct Authority (FCA) has confirmed future support for mortgage borrowers if they continue to face payment difficulties due to the coronavirus (COVID-19).

16 Sep

HMRC urges VAT-registered businesses to prepare for Brexit trading changes

HMRC has written to VAT-registered businesses that trade with the EU outlining how they should prepare for Brexit trading changes set to take effect from 2021.

15 Sep

Private pension withdrawal age to be raised

The Treasury has confirmed that the minimum age for private pension withdrawals will increase from 55 to 57 in 2028.

14 Sep

CBI warns of rocky road despite July economic growth

The Confederation of British Industry (CBI) has warned that the UK economy still faces a 'rocky road back to normality' despite GDP growth in July.

11 Sep

Lockdown grants welcome but more support needed, say business groups

The government's announcement of new cash grants for businesses affected by local lockdowns has been welcomed by business groups, including the Confederation of British Industry (CBI) and the Federation of Small Businesses (FSB).

10 Sep

IoD urges government to extend coronavirus insolvency measures

The Institute of Directors (IoD) has called for the government to extend emergency coronavirus (COVID-19) insolvency measures to prevent company collapses and job losses.

09 Sep

Up to £3.5 billion in furlough payments fraudulent, HMRC finds

HMRC has revealed that almost £3.5 billion in Coronavirus Job Retention Scheme (CJRS) payments have been claimed fraudulently or paid out in error.

08 Sep

FSB urges government to provide Brexit transition vouchers

The Federation of Small Businesses (FSB) has urged the government to provide small businesses with Brexit transition vouchers as the latest round of withdrawal talks commences.

07 Sep

Treasury publishes consultation on VAT refund scheme

The Treasury has published a consultation on reforms to the VAT refund rules.

04 Sep

Tax hike for freelancers would be unjust, claims IPSE

Chancellor Rishi Sunak's plan to raise the national insurance contributions (NICs) paid by self-employed workers would be unjust, the Association of Independent Professionals and the Self-Employed (IPSE) has claimed.

03 Sep

Research reveals 800,000 workers being 'under-enrolled' in pension schemes

Research carried out by the Resolution Foundation has revealed that 800,000 workers are being 'under-enrolled' in company pension schemes and are not receiving their legal employer pension contributions.

02 Sep

Kickstart Scheme opens for applications

The government's £2 billion Kickstart Scheme is now open for employer applications.

01 Sep

UK plastic bag tax charge to be doubled and extended to all retailers

The fee for plastic shopping bags in England will be doubled to 10p and extended to all shops from April 2021.

28 Aug

ICAEW warns R&D credit cap may impact genuine claims

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that genuine research and development (R&D) businesses could be impacted by government proposals to combat tax relief abuse.

27 Aug

More than £30 million lost to pension scams

Over £30 million has been lost to pension scams since 2017, according to the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR).

26 Aug

Small businesses call on government to extend Eat Out to Help Out scheme

Small firms have urged the government to extend its Eat Out to Help Out scheme in order to continue helping thousands of small food and drink businesses across the UK.

25 Aug

Government provides £20 million in funding to boost recovery of small firms

Small businesses in England are set to benefit from an additional £20 million in funding to help them recover from the coronavirus (COVID-19) pandemic.

24 Aug

HMRC blocks thousands of furlough applications

HMRC has blocked thousands of applications for the government's Coronavirus Job Retention Scheme (CJRS) due to fears they are fraudulent.

21 Aug

Treasury outlines plans for carbon emissions tax

The Treasury has published plans for a carbon emissions tax, which could be introduced if the UK fails to secure a Brexit deal with the EU.

20 Aug

Businesses 'vulnerable' as coronavirus schemes wind down, BCC suggests

The latest Coronavirus Business Tracker from the British Chambers of Commerce (BCC) has suggested that UK businesses are vulnerable as government support schemes begin to wind down.

19 Aug

29% of SMEs 'carried on as usual' during pandemic, survey finds

A survey carried out by Purbeck Insurance Services has revealed that 29% of small and medium-sized enterprises (SMEs) carried on business as usual during the COVID-19 pandemic.

18 Aug

Drop in number of self-employed will lead to 'brittle workforce', IPSE warns

The Association of Independent Professionals and the Self-Employed (IPSE) has warned that a 'disproportionate and disturbing' decrease in the number of self-employed individuals will lead to a 'brittle workforce'.

17 Aug

Second round of grants for the self-employed opens

On 17 August the Self-Employment Income Support Scheme (SEISS) opened for applications for the second and final grant.

14 Aug

Freelancers experience drop in income

Freelancers experienced a drop in income during the coronavirus (COVID-19) lockdown, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE).

13 Aug

FSB urges local councils 'not to delay small business grants'

The Federation of Small Businesses (FSB) has urged local councils in England to ensure the speedy issuance of small business grants to firms that require them.

12 Aug

UK economy falls into recession for first time in 11 years

Lockdown measures introduced as a result of the COVID-19 pandemic have pushed the UK economy into recession.

11 Aug

Government coronavirus schemes 'failing to provide support', BCC finds

The coronavirus (COVID-19) schemes announced in Chancellor Rishi Sunak's Summer Economic Update are failing to provide the support businesses need, according to the Coronavirus Business Tracker published by the British Chambers of Commerce (BCC).

10 Aug

Bounce Back loans average 87,000 approvals a week since launch

Lenders have approved an average of 87,000 Bounce Back loans every week since the scheme was launched on 4 May, according to the latest figures from the Treasury.

07 Aug

Government further extends Tax-Free Childcare scheme as result of coronavirus

The government has further extended Tax-Free Childcare (TFC) to 31 October 2020 for parents who may have fallen below the minimum income requirement as a result of the coronavirus (COVID-19) pandemic.

07 Aug

ICAEW warns taxpayers have 90 days to notify HMRC of overclaimed COVID-19 grants

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants.

06 Aug

Ensure interaction between VAT and Eat Out to Help Out is understood, ICAEW urges

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged businesses to ensure that they understand the interaction between VAT and the government's Eat Out to Help Out scheme.

06 Aug

Bank of England holds rates as economy set for record slump

The Bank of England (BoE) left interest rates unchanged at 0.1% as it predicted a record slump for the UK economy due to the coronavirus (COVID-19) pandemic.

05 Aug

HMRC publishes guidance on claiming Job Retention Bonus

HMRC recently published guidance on the eligibility requirements for the Job Retention Bonus.

05 Aug

SME manufacturing activity plummets, says CBI

SME manufacturing output volumes fell at the fastest rate on record, according to the latest quarterly Confederation of British Industry (CBI) SME Trends Survey.

04 Aug

FSB calls for further help for employers as furlough wind-down begins

The Federation of Small Businesses (FSB) has called for the government to provide further help to employers as the Coronavirus Job Retention Scheme (CJRS) begins to be wound down.

04 Aug

Data reveals significant decrease in inheritance tax receipts

Data published recently by HMRC has revealed that there has been a significant drop in inheritance tax (IHT) receipts.

03 Aug

More firms to benefit from CBILS following changes to loan rules

Changes to state aid rules mean that more small businesses can benefit from the government's Coronavirus Business Interruption Loan Scheme (CBILS).

03 Aug

HMRC sets up scheme for loan charge refunds

HMRC has published details on its refund scheme for taxpayers who made voluntary payments of income tax or national insurance prior to a change in the rules regarding the loan charge.

Today the Chancellor outlined a winter economy plan...which includes a new Job Support Scheme, changes to VAT and t… https://t.co/O0prLiPGGx

1 hours ago

@ThompsonJenner

RT @e_nation: We asked some experts to share solutions to common business challenges. We had such a great response, we've got enough for tw…

15 days ago

@ThompsonJenner

There are a number of reasons why HMRC may doubt the validity of the claims made. Head to our website to find out m… https://t.co/rObNeXtveQ

20 days ago

@ThompsonJenner

European grant funding of £20 million is being made available through LEP throughout the country to support busines… https://t.co/JrxPiCNtiq

20 days ago

@ThompsonJenner

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