Businessmen,Are,Meeting,With,Contractors,About,Business,Plans.

HMRC announces light touch approach to IR35 errors in first 12 months

Feb 18, 2021

Businesses will not be penalised for errors relating to IR35 in the first 12 months, it has been announced. The news comes just weeks ahead of the introduction of the new off-payroll working rules which could see some contractors taxed the ...

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Pub

Pub industry calls for reopening of the sector as sales halve

Feb 16, 2021

Prominent figures within the beer and pub industry are calling upon the Government to reopen pubs with non-essential shops when lockdown ends, as they are an indispensable contributor to the economy.  Tim Martin, the Chairman of JD Wetherspoons, reveals that the ...

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Accounting 4

One in five small businesses not entitled to financial support, FSB reveals

Feb 11, 2021

As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed. The Federation for Small Businesses (FSB), who published the report, said up to three ...

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new-payment-scheme

The VAT Deferral New Payment Scheme

Feb 11, 2021

  Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax. They can choose from the following options in order to ...

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Online sales tax proposal for Autumn Budget

Feb 09, 2021

The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage. Supermarkets, including Asda, ...

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feb21-bounce-back

COVID-19 Bounce Back Loan repayment period extended

Feb 08, 2021

The Government has announced changes to the Bounce Back Loan Scheme (BBLS) available to small businesses in the UK that will give companies longer to repay what they have borrowed. Around 1.4 million small and medium-sized businesses have taken out a ...

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COVID Business Loan

Business owners put billions of pounds on the line to secure early CBILS loans, figures reveal

Feb 05, 2021

Business owners who took out an early coronavirus loan have more than £1.2 billion of personal guarantees on the line, a major study has revealed. The figures, published by The Times, highlight the number of enterprises that used personal guarantees to ...

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Place,Where,Ideas,Born.,Top,View,Of,Four,Young,People

Kickstart Scheme: the changes from 3 February 2021

Feb 02, 2021

According to a report by the Department for Work and Pensions (DWP), the Kickstart Scheme has supported over 120,000 young people find employment, since its launch in September 2020. The Government created the scheme to help 16-to-24-year-olds find work by providing ...

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Business Closed COVID

Voluntary and compulsory strike off processes paused in response to national lockdown

Jan 29, 2021

Companies House will pause both the voluntary and compulsory strike off processes for one month to support businesses affected by Covid-19, it has been announced. The extended measure comes in response to delays to the system caused ...

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Export (4)

EU exports halt as UK firms encounter extra charges

Jan 25, 2021

Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a ...

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