Business News

03 Aug 2020

More firms to benefit from CBILS following changes to loan rules

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

03 Aug 2020

HMRC sets up scheme for loan charge refunds

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.

31 Jul 2020

Mixed picture for retail sector, CBI finds

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).

31 Jul 2020

Treasury publishes call for evidence on administration of pensions tax relief

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

30 Jul 2020

Public warned to watch out for top coronavirus scams

Fraudsters are exploiting people's financial concerns during the coronavirus (COVID-19) pandemic, UK Finance has warned.

30 Jul 2020

LITRG urges HMRC to thoroughly test MTD for Income Tax before its introduction

The Low Incomes Tax Reform Group (LITRG) has urged HMRC to thoroughly test Making Tax Digital for Income Tax (MTD for Income Tax) before rolling it out to taxpayers and landlords.

29 Jul 2020

Eat Out to Help Out scheme set to start

The government's landmark Eat Out to Help Out scheme will start at the beginning of August and run throughout the month.

29 Jul 2020

NIESR calls for furlough scheme to be kept open

The National Institute of Economic and Social Research (NIESR) has called for the government to keep the Coronavirus Job Retention Scheme (CJRS) open for longer.

28 Jul 2020

Committee suggests many have 'fallen through gaps in support schemes'

The Treasury Select Committee has found that over a million people have 'fallen through the gaps' of the government's coronavirus (COVID-19) support schemes.

28 Jul 2020

Government announces review of business rates system

The government has published a call for evidence on the overhaul of the business rates system that applies in England.

27 Jul 2020

HMRC outlines changes to VAT treatment of imported goods

HMRC has outlined changes to the VAT treatment of imported goods from 1 January 2021.

27 Jul 2020

Fifth of small firms expect poor performance in next three months, data suggests

Data published by the Federation of Small Businesses (FSB) has suggested that a fifth of small businesses expect their performance to be 'much worse' over the next three months as a result of the coronavirus (COVID-19) lockdown.

24 Jul 2020

UK economy 'still stuck in first gear'

The UK's economy is 'still stuck in first gear', with many businesses operating at half their pre-coronavirus (COVID-19) capacity, according to the British Chambers of Commerce (BCC).

24 Jul 2020

OTS publishes series of recommendations for simplifying tax system

The Office of Tax Simplification (OTS) has outlined a range of measures designed to help simplify the UK tax system.

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