News

Small business Covid recovery boosted by £20million in new grants

The Government has announced new grants aimed at smaller businesses in England worth £20 million, to help them obtain the support they need to recover from the effects

HM Revenue & Customs sets out Making Tax Digital plans for VAT and Income Tax

HM Revenue & Customs (HMRC) has set out its plans for the future of the Making Tax Digital (MTD) programme, with confirmation of the timeline for the expansion of MTD

HM Revenue & Customs sets out details of penalties for breaches of furlough and self-employment scheme rules

HM Revenue & Customs (HMRC) has set out full details of the penalties that will apply to employers and self-employed individuals who are found to have breached the

Reminder: VAT payment deferral period has ended

The financial support offered by the Government through the VAT payment deferral scheme has come to an end. This period, which was intended to support businesses

Banks list top 10 Coronavirus scams

Throughout this ongoing pandemic, fraudsters have attempted to play on people’s fears to try and trick them out of their hard-earned cash. Now UK Finance, the trade

Key dates for Coronavirus support schemes, tax and Companies House

With numerous Government schemes open to businesses and individuals to help deal with the impact of the Coronavirus outbreak, there are more than 60 key dates...

Second round of Self-Employment Income Support Scheme (SEISS) opens on Monday

The second round of the Self-Employment Income Support Scheme (SEISS), which is worth 70 per cent of three months’ average trading profits, capped at £6,570, launches

HM Revenue & Customs issues ‘nudge’ letters to people suspected of having undeclared overseas assets

HM Revenue & Customs (HMRC) has written to people suspected of having undeclared overseas assets, asking them to declare any currently undeclared overseas assets and t

Government extends childcare funding for families affected by the pandemic

The Government has extended childcare funding for families affected by the Coronavirus outbreak. Parents or carers who are usually eligible for Tax-Free Childcare...