The seven largest banks in the UK have agreed to the proposal put forward by the Prudential Regulation Authority (PRA) that they suspend dividends and bonuses until the end of…
A significant number of UK firms face the prospect of running out of cash within three months, according to a survey carried out by the British Chambers of Commerce (BCC).…
The Confederation of British Industry (CBI) has revealed that retail sales during March were propped up by households stockpiling goods. Overall, retail sales were flat in the year to March,…
The government has published details on the COVID-19 support schemes for small businesses and retailers. The Small Business Grant Fund (SBGF) was announced in the 2020 Budget, alongside the Retail,…
HMRC will delay the requirement to implement digital links for Making Tax Digital (MTD) due to the coronavirus (COVID-19) pandemic. Under MTD, the required digital records can be held within…
Company directors who receive salaries through Pay as You Earn (PAYE) are eligible for furlough under the government's Coronavirus Job Retention Scheme. Under the Coronavirus Job Retention Scheme, businesses are…