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Business News

COVID-19 is reasonable excuse for self assessment late filing, says HMRC

15 Jan 2021

HMRC says it will accept coronavirus (COVID-19) as a reasonable excuse for the late filing of self assessment tax returns.

Taxpayers using Time to Pay to spread cost of tax payments

14 Jan 2021

Tax payments worth over £69 million are being spread through HMRC's Time to Pay facility, according to the tax authority.

Monthly deadline approaching for furlough claims

13 Jan 2021

HMRC has reminded employers that there are now monthly deadlines for claims for furloughed staff under the Coronavirus Job Retention Scheme (CJRS).

ICAEW calls for further guidance on CIS changes

12 Jan 2021

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to publish draft regulations and guidance on the forthcoming changes to the Construction Industry Scheme (CIS).

HMRC issues self assessment scam warning

11 Jan 2021

The approach of the 31 January self assessment tax return deadline will bring a surge in scams, HMRC has warned.

Pandemic drives dramatic increase in SME borrowing

08 Jan 2021

Gross lending to small and medium-sized enterprises (SMEs) in the first three quarters of 2020 reached £54 billion driven by coronavirus (COVID-19) loan schemes, according to figures from trade body UK Finance.

HMRC reveals 2,700 tax returns submitted on Christmas Day

07 Jan 2021

HMRC has revealed that 2,700 tax returns were filed on Christmas Day 2020.

Business groups urge Chancellor to do more to support firms

06 Jan 2021

Business groups have welcomed Chancellor Rishi Sunak's latest lockdown support package for businesses, but have urged him to do more.

Chancellor unveils £4.6 billion lockdown grant package

05 Jan 2021

Chancellor Rishi Sunak has announced a new £4.6 billion package of grants to support businesses through the latest national lockdown.

TUC urges employers to offer furlough to parents affected by school closures

04 Jan 2021

The Trades Union Congress (TUC) has called on employers to offer furlough to working parents affected by coronavirus (COVID-19) school closures.

Your financial New Year's resolutions

31 Dec 2020

Creating some financial New Year's resolutions is a good way to help ensure that you are on course for a successful and profitable year ahead.

Don't forget to file your self assessment tax return

30 Dec 2020

The deadline for submitting your 2019/20 self assessment tax return is midnight on 31 January 2021.

Preparing your business for winter weather

29 Dec 2020

With the festive period underway businesses are advised to be prepared for adverse weather conditions during the winter months.

BIRA urges retailers to remain vigilant during festive period and beyond

24 Dec 2020

With festive sales on the horizon, the British Independent Retailers Association (BIRA) has urged retailers to remain vigilant and safe in order to help halt the spread of the coronavirus (COVID-19).

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