Small and medium-sized enterprises (SMEs) requiring advice on imports and exports will be able to apply for a grant of up to £2,000, HMRC has confirmed.
Over half a million businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments, HMRC has announced.
Self assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April, HMRC has announced.
Business groups have called on the government to extend its coronavirus (COVID-19) support through to the end of the roadmap for lifting lockdown restrictions.
The twice-delayed introduction of the domestic VAT reverse charge for construction services will come into effect on 1 March 2021.
A new service designed to resolve disputes between eligible small and medium-sized enterprises (SMEs) and participating banks has gone live.
HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 April 2021.
The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the upcoming Budget to set out plans for an economic recovery from the coronavirus (COVID-19) pandemic.
Almost 600,000 UK employers are at risk of business collapse in the spring if there is no extension of government coronavirus (COVID-19) support, according to a new report by the Institute for Public Policy Research (IPPR).
The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to confirm whether COVID-19 antigen tests paid for by employers will continue to be exempt from income tax and national insurance after 5 April 2021.
The UK economy shrank by almost a tenth in 2020 as the COVID-19 pandemic adversely affected businesses, according to the latest figures from the Office for National Statistics (ONS).
In its 2021 Budget submission, the Institute of Directors (IoD) has urged the government to put entrepreneurs 'at the heart' of the economic recovery from the coronavirus (COVID-19) pandemic.
Businesses that took out government-backed Bounce Back loans to get through the COVID-19 pandemic will now have greater flexibility to repay their loans, the government has announced.
Data published by HMRC has revealed that its customer service levels have been adversely affected by the COVID-19 pandemic.
Almost a third of house sales fell through in January as the end of the stamp duty holiday drew closer, according to a report from Rightmove.
The UK's COVID-19 vaccination programme will help the UK economy rebound strongly this year, according to the Bank of England (BoE).
UK businesses have now borrowed over £71 billion via the government's coronavirus (COVID-19) support schemes, according to figures from HM Treasury.
The self assessment deadline on 31 January was missed by 1.8 million taxpayers, according to figures from HMRC.
The Confederation of British Industry (CBI) has urged the government to work with businesses to formulate a roadmap out of the latest coronavirus (COVID-19) lockdown in England.
Employers can now apply for a £1,000 cash boost to help them take on new trainees, the government has announced.
On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.
A report published by the London School of Economics (LSE) has warned that more than 900,000 businesses are at risk of failing by early April as a result of the coronavirus (COVID-19) pandemic.
The Institute for Fiscal Studies (IFS) has suggested that the current UK tax system discourages employment, investment and corporate risk-taking and needs reform.
Self assessment taxpayers will not be fined for late online returns if they file by 28 February, HMRC has said.
The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time in April.
Almost nine million people had to borrow more money in 2020 as a result of the coronavirus (COVID-19) pandemic, data published by the Office for National Statistics (ONS) has revealed.
Over a third of UK consumers have been blocked from paying for goods with cash during the coronavirus (COVID-19) pandemic, according to research from consumer group Which?.
Large businesses must now pay their smaller suppliers more quickly under changes to the UK's Prompt Payment Code (PPC).
Ahead of the 2021 Budget in March, the Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic.
The UK's Supreme Court has found in favour of small firms receiving payments from COVID-19 business interruption insurance policies.
HMRC says it will accept coronavirus (COVID-19) as a reasonable excuse for the late filing of self assessment tax returns.
Tax payments worth over £69 million are being spread through HMRC's Time to Pay facility, according to the tax authority.
HMRC has reminded employers that there are now monthly deadlines for claims for furloughed staff under the Coronavirus Job Retention Scheme (CJRS).
The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to publish draft regulations and guidance on the forthcoming changes to the Construction Industry Scheme (CIS).
The approach of the 31 January self assessment tax return deadline will bring a surge in scams, HMRC has warned.
Gross lending to small and medium-sized enterprises (SMEs) in the first three quarters of 2020 reached £54 billion driven by COVID-19 loan schemes, according to figures from trade body UK Finance.
HMRC has revealed that 2,700 tax returns were filed on Christmas Day 2020.
Business groups have welcomed Chancellor Rishi Sunak's latest lockdown support package for businesses, but have urged him to do more.
Chancellor Rishi Sunak has announced a new £4.6 billion package of grants to support businesses through the latest national lockdown.
The Trades Union Congress (TUC) has called on employers to offer furlough to working parents affected by COVID-19 school closures.
HMRC have very recently announced that the self-assessment late payment surcharge will not apply until 1 April 2021… https://t.co/Cthfc9oMAQ
4 days ago
Help is available, make sure you are aware of all the options.
To find out more about the scheme, how it works an… https://t.co/0Mr1jU9Hr5
6 days ago
A few places left...Join us on Thursday 4th March at 4pm, for our Online 2021 Budget Briefing -… https://t.co/R1ERdmSW6u
11 days ago
Tax planning for year end 2020/21, looking at Inheritance tax...head to our advice page, it's important you are awa… https://t.co/pYxfyVoGht
12 days ago
We wanted to let you know that despite the recently announced national lockdown, Thompson Jenner will be continuing to operate and we are here to support you during this very difficult time.
5th January 2021
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