News

30 Nov

Third SEISS grant opens as IPSE issues warning

The third SEISS (Self-Employment Income Support Scheme) grant opens for applications today (30 November).

27 Nov

Business survival hanging by a thread in toughened tiers, warns CBI

Many businesses will struggle to survive despite the end of lockdown, according to the Confederation of British Industry (CBI).

26 Nov

Chancellor presents Spending Review

On 25 November Chancellor Rishi Sunak delivered his latest Spending Review to the House of Commons, and stated that the coronavirus (COVID-19) pandemic has caused 'lasting damage' to the UK economy.

25 Nov

Applicants for third SEISS grant will face new test, ICAEW warns

Applicants for the third Self-employment Income Support Scheme (SEISS) grant will face a new test as the government tightens eligibility criteria, warns the Institute of Chartered Accountants in England and Wales (ICAEW).

24 Nov

ATT calls for clarity on virtual seasonal parties

The Association of Taxation Technicians (ATT) is calling for guidance from HMRC on the status of virtual office seasonal parties this year.

23 Nov

HMRC begins 'Eat Out to Help Out' compliance checks

HMRC has started writing to 4,000 businesses in the hospitality sector requesting them to verify their claims made under the government's Eat Out to Help Out scheme.

20 Nov

Self assessors warned to watch out for scammers posing as HMRC

HMRC has warned self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline.

19 Nov

£1 million Annual Investment Allowance cap extended for a year

The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as it continues to look at ways to stimulate the economy.

18 Nov

Contactless payments reached record level in August

Contactless payments via debit cards reached a record level in August, accounting for 62% of all debit card transactions during the month, according to data released by UK Finance.

17 Nov

HMRC confirms MTD for corporation tax to be mandated from 2026

In a new consultation HMRC has confirmed that Making Tax Digital (MTD) for corporation tax (CT) (MTD for CT) will not be implemented until 2026 'at the earliest'.

16 Nov

Wealth gap widening as result of coronavirus pandemic, research suggests

Research carried out by think tank the Centre for Enterprise, Markets and Ethics (CEME) has suggested that the UK's wealth gap is widening as a result of the ongoing COVID-19 pandemic.

13 Nov

Current CGT regime 'fit for purpose', says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that there is 'no need' to overhaul the current capital gains tax (CGT) regime.

12 Nov

UK economy rebounds from recession

The UK's economy bounced back from recession with record growth of 15.5% from July to September, according to the latest data from the Office for National Statistics (ONS).

11 Nov

Self-employed sector facing 'avoidable decline', according to IPSE

The self-employed sector is facing a 'long-term but avoidable decline', the Association of Independent Professionals and the Self-Employed (IPSE) has cautioned.

10 Nov

Real Living Wage increases across the UK

The Real Living Wage has increased to £9.50 per hour across the UK.

09 Nov

PAC finds over £1 billion worth of fraudulent Bounce Back loan applications

The Public Accounts Committee (PAC) identified more than £1 billion worth of fraud in the government's coronavirus (COVID-19) Bounce Back Loan Scheme (BBLS) during the first six months of the scheme being in operation.

06 Nov

Chancellor extends furlough scheme to end of March

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of March 2021.

05 Nov

FCA proposes further support for consumer credit borrowers impacted by COVID-19

The Financial Conduct Authority (FCA) is proposing further support for borrowers affected by the coronavirus (COVID-19).

04 Nov

Government delays implementation of new pensions dashboards

The government has delayed the introduction of new online pensions dashboards that will enable individuals saving for retirement to view their pension pots in one place.

03 Nov

Support for self-employed increased as lending schemes extended

The government has increased the support available to self-employed workers and extended its emergency business loan schemes as a result of the second national lockdown in England.

02 Nov

Furlough scheme extended and changed for new lockdown

The Coronavirus Job Retention Scheme (CJRS) has been extended until December, with furloughed employees set to receive 80% of their salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions.

Rishi Sunak has made further announcements over the past few days, with an extension to the Job Retention (Furlough… https://t.co/n8V5VtXTpF

24 days ago

@ThompsonJenner

With England now facing a second lockdown from Thursday we have outlined the support and guidance provided by the… https://t.co/PL5LPzQTvN

28 days ago

@ThompsonJenner

The Chancellor has recently announced changes to the governments job support scheme that will be introduced in Nove… https://t.co/aPWA11OXjU

35 days ago

@ThompsonJenner

With so many changes in recent weeks it's important to make sure you are fully up to date with the latest help and… https://t.co/0Goa7IqMKM

49 days ago

@ThompsonJenner

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