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Business News

Clarity needed on taxation of COVID test costs, says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to confirm whether coronavirus (COVID-19) antigen tests paid for by employers will continue to be exempt from…

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15/02/2021
Business News

UK economy shrank by record 10% in 2020

The UK economy shrank by almost a tenth in 2020 as the coronavirus (COVID-19) pandemic adversely affected businesses, according to the latest figures from the Office for National Statistics (ONS).…

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12/02/2021
Business News

IoD calls for government to put entrepreneurs at heart of economic recovery

In its 2021 Budget submission, the Institute of Directors (IoD) has urged the government to put entrepreneurs 'at the heart' of the economic recovery from the coronavirus (COVID-19) pandemic. The…

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11/02/2021
Business News

Borrowers of Bounce Back loans given six more months for repayments

Businesses that took out government-backed Bounce Back loans to get through the coronavirus (COVID-19) pandemic will now have greater flexibility to repay their loans, the government has announced. The Pay…

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10/02/2021
Business News

HMRC’s customer service levels impacted by COVID-19

Data published by HMRC has revealed that its customer service levels have been adversely affected by the coronavirus (COVID-19) pandemic. HMRC stated that this is a unique financial year as…

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09/02/2021
Business News

Almost a third of house sales fall through as stamp duty deadline nears

Almost a third of house sales fell through in January as the end of the stamp duty holiday drew closer, according to a report from Rightmove. The report said 29%…

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08/02/2021
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