The UK's economy could shrink by a record 35% this quarter as a result of the coronavirus (COVID-19) lockdown, according to the Office for Budget Responsibility (OBR). The OBR said…
HMRC has released guidance on the coronavirus (COVID-19) Self-employment Income Support Scheme. Under the scheme, self-employed individuals will be able to claim a taxable grant based on an average of…
HMRC has issued detailed guidance for the process of deferring VAT filings by three months under Making Tax Digital (MTD). As part of the government's coronavirus (COVID-19) measures, UK VAT-registered…
The government's Coronavirus Job Retention Scheme will launch on 20 April, according to HMRC. The authority has informed tax agents of the launch date and requested their help during the…
Data published by the Institute of International Finance (IIF) has revealed that global debt reached 322% of Gross Domestic Product (GDP) last year. Global debt is now 40 percentage points…
On 8 April, Chancellor Rishi Sunak announced a £750 million package to help charities struggling during the coronavirus (COVID-19) pandemic. Experts have warned that charities are struggling as a result…