Accountancy 18.11

FSB urging businesses not to miss out on emergency Covid-19 funding

Aug 10, 2020

The Federation of Small Businesses (FSB) is warning SMEs that any remaining emergency Coronavirus funding will go back to the Treasury at the end of August if it is not claimed. Earlier in the year, the Chancellor announced £12 billion of ...


Government publishes regional Covid-19 finance figures

Aug 07, 2020

Almost 900,000 businesses in England have benefitted from more than £10 billion in Covid-19 loans and grants, the latest figures reveal. The research, published by HM Treasury, is the first to break down financial support, such as the Coronavirus Business Interruption ...


HMRC: Making Tax Digital to be extended to all VAT-registered businesses from 2022

Aug 06, 2020

HM Revenue & Customs (HMRC) has confirmed that Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022. The change forms part of the Government’s digital tax drive, which will eventually see all kinds of tax reported ...


More businesses invited to apply for Covid-19 support after EU State Aid changes

Aug 03, 2020

Even more struggling businesses affected by Covid-19 can now access finance under the Coronavirus Business Interruption Loan Scheme (CBILS), it has been announced. It comes after changes to EU State Aid rules, meaning businesses classed as “undertakings in difficulty” now have ...


Chancellor considers online sales tax for e-commerce retail sector

Jul 28, 2020

The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a bid to help the struggling high street compete with the e-commerce sector. The Treasury published a call for evidence last week, ...

Restaurant (2)

Only a quarter of eligible businesses registered for ‘Eat out to help out’ scheme

Jul 23, 2020

According to the latest figures from HM Revenue & Customs (HMRC), only a quarter of eligible businesses in the hospitality sector have signed up to the new ‘Eat out to help out scheme’. It is believed that since registration for the ...


UK SMEs optimistic for future despite Coronavirus pandemic

Jul 16, 2020

According to the latest research, the majority of UK based small and medium-sized enterprises (SMEs) are optimistic about the future despite the huge challenges many businesses are facing as a result of the pandemic. The research, which was compiled by Facebook, ...


Can I save money by leasing a car through my company?

Jun 29, 2020

Is it cheaper to lease a car through a limited company? It’s a question we’re often asked, but the answer isn’t quite so straightforward. Leasing a vehicle in any shape or form can save you money and improve cash flow by ...


Businesses access £35 billion through COVID-19 support schemes

Jun 10, 2020

The Government has now delivered almost £35 billion in corporate finance to businesses affected by COVID-19, it has been revealed. The figures, published by the British Business Bank (BBB), highlight the importance of the business support schemes three months after shops ...

Accountancy 18.11

Trade Credit Reinsurance scheme to support 630,000 UK businesses

Jun 05, 2020

More than 630,000 UK businesses have been given the confidence to trade during Covid-19 after the Government announced guarantees of up to £10 billion to Trade Credit Insurance schemes. Trade Credit Insurance enables businesses to trade safe in the knowledge that ...


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