Business News

Number of CBILS applications to rise, experts predict

02 Dec 2020

The number of applications for the government's Coronavirus Business Interruption Loan Scheme (CBILS) is set to rise, experts have predicted.

HMRC cracks down on marketing of tax avoidance schemes

01 Dec 2020

HMRC has teamed up with the Advertising Standards Authority (ASA) to act against misleading marketing by promoters of tax avoidance schemes.

Third SEISS grant opens as IPSE issues warning

30 Nov 2020

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

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

27 Nov 2020

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

Chancellor presents Spending Review

26 Nov 2020

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.

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

25 Nov 2020

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).

ATT calls for clarity on virtual seasonal parties

24 Nov 2020

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

HMRC begins 'Eat Out to Help Out' compliance checks

23 Nov 2020

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.

Self assessors warned to watch out for scammers posing as HMRC

20 Nov 2020

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.

£1 million Annual Investment Allowance cap extended for a year

19 Nov 2020

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.

Contactless payments reached record level in August

18 Nov 2020

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.

HMRC confirms MTD for corporation tax to be mandated from 2026

17 Nov 2020

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'.

Wealth gap widening as result of coronavirus pandemic, research suggests

16 Nov 2020

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.

Current CGT regime 'fit for purpose', says ICAEW

13 Nov 2020

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.

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