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R&D claims need to be submitted early

HMRC is warning businesses to submit research and development (R&D) claims as soon as possible to avoid a delay in receiving payments between December and January

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Less than a third of businesses taking action to cut emissions

Less than a third of businesses plan on cutting their greenhouse gas emissions over the next year, despite the UK’s recent net-zero efforts, according to the latest research

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HMRC’s tax take falls by billions due to pandemic

HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic

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FSB study shows small firms losing £25 billion per year to tax admin

A study by the FSB has showed that small firms are losing £25 billion per year as compliance costs and time lost to dealing with tax admin soar.

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Government offers £5,000 grants to replace boilers

The government is to offer subsidiaries of £5,000 from next April to help homeowners in England and Wales replace their gas boilers with low-carbon heat pumps

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British Business Bank provided £81.5 billion of COVID-19 support

Coronavirus (COVID-19) emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year.

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Businesses get more time to prepare for digital tax changes

Businesses will have an extra year to prepare for the digitalisation of income tax, HM Revenue and Customs (HMRC) has announced

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Study reveals 83% of businesses not aware of Plastic Packaging Tax

A survey carried out by resource management firm Veolia has revealed that 83% of businesses polled were not aware of the Plastic Packaging Tax, which is due to take effect from April 2022.

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Kickstart Scheme grant: applying for funding

If you are an employer looking to create jobs for young people, you can apply for funding as part of the Kickstart Scheme.

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Penalty suspension for late filed accounts has ended

Companies House has updated its Covid-19 guidance for its customers and has ended payment breaks for late filing penalties

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Only 11% of businesses are measuring their carbon footprint

Just 11% of UK businesses are measuring their carbon footprint, according to the findings of a survey conducted by the British Chambers of Commerce (BCC).

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UK to overhaul funding of research and development

The government is to review the bodies it uses to finance research and development (R&D) in the UK.

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UK businesses owe HMRC £2.7bn after VAT holiday

HMRC is still owed £2.7bn in deferred VAT payments from over 150,000 UK businesses who have not yet made arrangements to pay it back

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Job vacancies increase to over pre-pandemic levels

There are more job vacancies now than there were before the pandemic, according to the Official for National Statistics (ONS).

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HMRC launches consultation on basis period reform

HMRC has recently launched a consultation on how basis periods can be reformed for income tax for the self-employed.

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£375m Future Fund: Breakthrough opens for applications

A new £375m scheme to drive investment in the UK’s most high growth, innovative and R&D intensive firms opens today (Tuesday 20 July) – in a move designed to super charge the UK’s post-pandemic economy.

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£5.5bn paid in fourth SEISS grants

The latest Self-Employment Income Support Scheme (SEISS) figures show that two million self employed individuals have claimed for the fourth grant

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HMRC publishes guidance on the fifth SEISS grant

Full details of the fifth Self-employment Income Support Scheme (SEISS) grant, including a new turnover test which determines the level of the grant, have now been published by HMRC.

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800,000 claim tax relief for working from home

Almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs, HMRC has confirmed.

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Three year carry back of company losses

An extended loss carry back was announced at Budget 2021 which enables companies (and individuals) to make claims to carry back losses for a further 2 years

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