Corporate Insolvency and Governance Act 2020 – the changes in 2021
Jul 12, 2021
Some temporary relief measures introduced under the Corporate Insolvency and Governance Act 2020 (CIGA) are extending, the Government announced on 16 June 2021. CIGA was introduced in June 2020 to support companies facing the threat of insolvency during the height of ...
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Guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS) published
Jul 09, 2021
HM Revenue & Customs (HMRC) has published detailed guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS), which will open for claims in the coming weeks. Instead of announcing a specific date on which the new round of ...
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Coronavirus loan schemes relieved cash flow concerns for “millions” of British businesses, latest figures reveal
Jul 09, 2021
Businesses borrowed almost £80 billion in emergency loans and finance facilities throughout the coronavirus pandemic, a major study has revealed. The final figures, published by HM Treasury and the British Business Bank (BBB), reflect the success of the Government’s financial support ...
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Electric car registrations surpassed 10 per cent mark in UK
Jul 06, 2021
According to new data, 10.7 per cent of car registrations in June were completely battery electric vehicles. In the same month, the Tesla Model 3 (a zero-emission car) was the largest seller in the UK, making it the first time electric ...
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NI Protocol: UK and EU agree to extend chilled meats grace period until 30 September 2021
Jul 01, 2021
Businesses in Great Britain will be allowed to continue moving certain chilled meat products across the Northern Ireland border after an extension was today agreed upon by the UK and EU. The transportation of chilled meats – such as sausages, chicken ...
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Federation of Small Businesses calls for more help for SMEs as financial support winds down
Jun 28, 2021
The Federation of Small Businesses (FSB) calls on the Government to offer more economic support to small and medium enterprises (SMEs) as coronavirus-related limits continue and fewer financial packages are being handed out. For example, the Government delayed the lifting of ...
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UK Export Finance records “record” year thanks to success of General Export Facility
Jun 24, 2021
UK Export Finance has recorded a “record” year thanks to the success of the General Export Facility (GEF), it has been revealed. The figures, published by the Government’s export credit agency, also show that more than 100,000 jobs were supported throughout ...
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CJRS – Upcoming changes to payments and the furlough scheme
Jun 23, 2021
The Coronavirus Job Retention Scheme (CJRS) continues to support many businesses, who are reliant on the financial support it offers to cover the costs of staff on furlough. Extended earlier this year in the Budget, support from the CJRS will slowly ...
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Preparing for the end of the Stamp Duty Holiday
Jun 23, 2021
Introduced in July 2020, the Stamp Duty Land Tax (SDLT) Holiday has helped hundreds of homeowners and investors to reduce the cost of purchasing a new property. However, the higher SDLT thresholds will change from 1 July increasing the cost of ...
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Government extends ban on commercial evictions until March 2022
Jun 23, 2021
The Treasury has reassured many distressed business owners by confirming that a moratorium on commercial evictions introduced in April 2020 will now be extended for another year. The ban, introduced more than a year ago, has already been extended twice and ...
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