Business News

HMRC begins 'Eat Out to Help Out' compliance checks

HMRC has started writing to 4,000 businesses in the hospitality sector requesting them to verify their claims made under the government's Eat Out to Help Out scheme.

23 Nov 2020

Self assessors warned to watch out for scammers posing as HMRC

HMRC has warned self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline.

20 Nov 2020

£1 million Annual Investment Allowance cap extended for a year

The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.

19 Nov 2020

Contactless payments reached record level in August

Contactless payments via debit cards reached a record level in August, accounting for 62% of all debit card transactions during the month, according to data released by UK Finance.

18 Nov 2020

HMRC confirms MTD for corporation tax to be mandated from 2026

In a new consultation HMRC has confirmed that Making Tax Digital (MTD) for corporation tax (CT) (MTD for CT) will not be implemented until 2026 'at the earliest'.

17 Nov 2020

Wealth gap widening as result of coronavirus pandemic, research suggests

Research carried out by think tank the Centre for Enterprise, Markets and Ethics (CEME) has suggested that the UK's wealth gap is widening as a result of the ongoing coronavirus (COVID-19) pandemic.

16 Nov 2020

Current CGT regime 'fit for purpose', says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that there is 'no need' to overhaul the current capital gains tax (CGT) regime.

13 Nov 2020

UK economy rebounds from recession

The UK's economy bounced back from recession with record growth of 15.5% from July to September, according to the latest data from the Office for National Statistics (ONS).

12 Nov 2020

Self-employed sector facing 'avoidable decline', according to IPSE

The self-employed sector is facing a 'long-term but avoidable decline', the Association of Independent Professionals and the Self-Employed (IPSE) has cautioned.

11 Nov 2020

Real Living Wage increases across the UK

The Real Living Wage has increased to £9.50 per hour across the UK.

10 Nov 2020

PAC finds over £1 billion worth of fraudulent Bounce Back loan applications

The Public Accounts Committee (PAC) identified more than £1 billion worth of fraud in the government's coronavirus (COVID-19) Bounce Back Loan Scheme (BBLS) during the first six months of the scheme being in operation.

09 Nov 2020

Chancellor extends furlough scheme to end of March

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of March 2021.

06 Nov 2020

FCA proposes further support for consumer credit borrowers impacted by COVID-19

The Financial Conduct Authority (FCA) is proposing further support for borrowers affected by the coronavirus (COVID-19).

05 Nov 2020

Government delays implementation of new pensions dashboards

The government has delayed the introduction of new online pensions dashboards that will enable individuals saving for retirement to view their pension pots in one place.

04 Nov 2020

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