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Business News

Monthly deadline approaching for furlough claims

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

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13/01/2021
Business News

ICAEW calls for further guidance on CIS changes

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). The…

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12/01/2021
Business News

HMRC issues self assessment scam warning

The approach of the 31 January self assessment tax return deadline will bring a surge in scams, HMRC has warned. HMRC issues thousands of SMS messages and emails as part…

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11/01/2021
Business News

Pandemic drives dramatic increase in SME borrowing

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…

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08/01/2021
Business News

HMRC reveals 2,700 tax returns submitted on Christmas Day

HMRC has revealed that 2,700 tax returns were filed on Christmas Day 2020. Peak filing time on Christmas Day was between 2:00pm and 2:59pm, when more than 200 taxpayers filed…

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07/01/2021
Business News

Business groups urge Chancellor to do more to support firms

Business groups have welcomed Chancellor Rishi Sunak's latest lockdown support package for businesses, but have urged him to do more. The Chancellor announced a £4.6 billion package of one-off grants…

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06/01/2021
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