HMRC begins sending MTD for VAT ‘nudge’ letters to firms
HMRC has started to send Making Tax Digital for VAT (MTD for VAT) 'nudge' letters to firms it thinks should've signed up to the scheme but have not yet done…
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18/06/2020
Research suggests SMEs expect to borrow £48 billion post-coronavirus lockdown
Research carried out by banking group Aldermore has suggested that small and medium-sized enterprises (SMEs) in the UK expect to borrow £48.3 billion once the coronavirus (COVID-19) lockdown ends. Three…
17/06/2020
HMRC updates CJRS guidance for employers
On 12 June, HMRC updated its guidance for employers who have furloughed employees under the Coronavirus Job Retention Scheme (CJRS). From 1 July, employees will no longer have to be…
17/06/2020
UK economy could contract by 8% in 2020, data suggests
Data published by economic forecasting group EY Item Club has suggested that the UK economy could contract by 8% in 2020. It estimates a record 15% contraction in the second…
16/06/2020
HMRC updates guidance for self-employed coronavirus scheme
HMRC has updated its guidance regarding the eligibility of businesses for the two Self-employment Income Support Scheme (SEISS) grants. The tax authority has published a number of examples that show…
16/06/2020
MPs call for VAT reduction to help firms affected by coronavirus
MPs have urged the government to reduce VAT for firms in the tourism sector in order to help them recover from the coronavirus (COVID-19) lockdown. A report published by the…
15/06/2020
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