Business News

HMRC finds lack of knowledge causing MTD non-compliance

06 Jul 2020

A survey commissioned by HMRC has found that a lack of knowledge amongst UK businesses has contributed to Making Tax Digital for VAT (MTD for VAT) non-compliance.

Private sector off-payroll reforms given go ahead for April 2021

06 Jul 2020

The introduction of off-payroll rules to the private sector will go ahead as planned next April after an attempt to delay them again failed in the House of Commons.

LITRG urges self-employed to check eligibility for SEISS

03 Jul 2020

The Low Incomes Tax Reform Group (LITRG) has urged self-employed individuals to check their eligibility for the first round of the government's coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS) grant.

Government unveils £200 million Sustainable Innovation Fund

03 Jul 2020

The government has launched its latest coronavirus (COVID-19) support scheme, termed the Sustainable Innovation Fund (SIF), which is aimed at helping businesses to keep 'cutting edge' projects and ideas alive.

FCA confirms further support for consumer credit customers

02 Jul 2020

The Financial Conduct Authority (FCA) has confirmed further support for users of certain consumer credit products if they are experiencing temporary payment difficulties due to the coronavirus (COVID-19).

FSB finds late payment crisis has worsened during coronavirus lockdown

02 Jul 2020

The Federation of Small Businesses (FSB) has found that the UK's late payment crisis has worsened during the coronavirus (COVID-19) lockdown.

Government expands Future Fund for start-ups

01 Jul 2020

The government has expanded its Future Fund scheme, which aims to support start-up businesses not eligible for other coronavirus (COVID-19) rescue measures.

Furlough scheme now covering 9.3 million workers

01 Jul 2020

The number of workers now furloughed under the Coronavirus Job Retention Scheme (CJRS) has risen to 9.3 million, according to the latest figures from the Treasury.

Business warned about rise in impersonation fraud

30 Jun 2020

Businesses have been told to stay vigilant against the rise in impersonation fraud during the coronavirus pandemic, by trade credit insurer Atradius.

UK mortgage approvals slump during pandemic

30 Jun 2020

UK mortgage approvals slumped to a record low during May as the COVID-19 pandemic took its toll on the housing market, according to data from the Bank of England.

Job retention scheme closing to new entrants

29 Jun 2020

HMRC is reminding businesses that Coronavirus Job Retention Scheme (CJRS) will close to new entrants on 30 June.

Coronavirus lockdown puts focus on UK skills gap

29 Jun 2020

The COVID-19 lockdown has served to highlight the widening UK skills gap and the government must now act, warns the Chartered Institute of Management Accountants (CIMA).

Overseas VAT claims subject to COVID delays

26 Jun 2020

VAT claims submitted under the Overseas Refund Scheme will be subject to delays due to changes in HMRC's working practices during the COVID-19 pandemic, the tax authority has stated.

PMI data points to improved picture for UK economy

26 Jun 2020

The latest purchasing managers' index (PMI) data from the UK's manufacturing sector suggests that the country's economy stabilised in June, according to an IHS Markit survey.

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