Business News

Government coronavirus schemes 'failing to provide support', BCC finds

11 Aug 2020

The coronavirus (COVID-19) schemes announced in Chancellor Rishi Sunak's Summer Economic Update are failing to provide the support businesses need, according to the Coronavirus Business Tracker published by the British Chambers of Commerce (BCC).

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Bounce Back loans average 87,000 approvals a week since launch

10 Aug 2020

Lenders have approved an average of 87,000 Bounce Back loans every week since the scheme was launched on 4 May, according to the latest figures from the Treasury.

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Government further extends Tax-Free Childcare scheme as result of coronavirus

07 Aug 2020

The government has further extended Tax-Free Childcare (TFC) to 31 October 2020 for parents who may have fallen below the minimum income requirement as a result of the coronavirus (COVID-19) pandemic.

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ICAEW warns taxpayers have 90 days to notify HMRC of overclaimed COVID-19 grants

07 Aug 2020

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants.

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Ensure interaction between VAT and Eat Out to Help Out is understood, ICAEW urges

06 Aug 2020

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged businesses to ensure that they understand the interaction between VAT and the government's Eat Out to Help Out scheme.

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Bank of England holds rates as economy set for record slump

06 Aug 2020

The Bank of England (BoE) left interest rates unchanged at 0.1% as it predicted a record slump for the UK economy due to the coronavirus (COVID-19) pandemic.

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HMRC publishes guidance on claiming Job Retention Bonus

05 Aug 2020

HMRC recently published guidance on the eligibility requirements for the Job Retention Bonus.

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SME manufacturing activity plummets, says CBI

05 Aug 2020

SME manufacturing output volumes fell at the fastest rate on record, according to the latest quarterly Confederation of British Industry (CBI) SME Trends Survey.

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FSB calls for further help for employers as furlough wind-down begins

04 Aug 2020

The Federation of Small Businesses (FSB) has called for the government to provide further help to employers as the Coronavirus Job Retention Scheme (CJRS) begins to be wound down.

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Data reveals significant decrease in inheritance tax receipts

04 Aug 2020

Data published recently by HMRC has revealed that there has been a significant drop in inheritance tax (IHT) receipts.

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More firms to benefit from CBILS following changes to loan rules

03 Aug 2020

Changes to state aid rules mean that more small businesses can benefit from the government's Coronavirus Business Interruption Loan Scheme (CBILS).

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HMRC sets up scheme for loan charge refunds

03 Aug 2020

HMRC has published details on its refund scheme for taxpayers who made voluntary payments of income tax or national insurance prior to a change in the rules regarding the loan charge.

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Mixed picture for retail sector, CBI finds

31 Jul 2020

Retail sales were broadly flat in the year to July despite three months of sharp declines, according to the monthly Distributive Trades Survey published by the Confederation of British Industry (CBI).

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Treasury publishes call for evidence on administration of pensions tax relief

31 Jul 2020

The Treasury has published a call for evidence on the administration of pensions tax relief.

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