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HMRC needs to ramp up checks on furlough fraud

The Treasury Committee has conducted a hearing with the National Audit Office about the reasons for fraud related to bounceback loans and the furlough scheme

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Recent changes to IR35 ‘undermine the self-employed’, says IPSE

The Association of Independent Professionals and the Self-Employed (IPSE) has stated that the recent changes to the rules relating to off-payroll workers, commonly known as IR35, 'undermine the self-employed at the worst possible time'.

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Government support for 95% mortgage scheme launches

A new government-backed mortgage scheme will help first time buyers or current homeowners secure a mortgage with just a 5% deposit

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FSB urges government to provide greater support for UK exports

The Federation of Small Businesses (FSB) has urged the government to act in order to support small businesses exporting to the EU.

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HMRC contacting claimants for fourth self-employed grant

HMRC has confirmed it will be contacting potential claimants for the fourth Self-employment Income Support Scheme (SEISS) grant this month.

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IMF upgrades UK economic forecasts for 2021 and 2022

The International Monetary Fund (IMF) has upgraded its UK economic forecasts for 2021 and 2022.

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Employed workers can claim working from home allowance for new tax year

Employed workers who were forced to work from home because of the pandemic can now claim the government’s working from home allowance for the 2021/22 tax year

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Start of new tax year ushers in raft of fiscal changes

The 6 April start of the new tax year sees important fiscal and business changes come into effect, including the introduction of the new coronavirus (COVID-19) Recovery Loan Scheme (RLS).

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Is the end in sight?

The UK regional roadmaps for lifting lockdown are all moving along, and the relaxation of rules started last week with more freedom of movement and possibly all restrictions being lifted by the end of June.

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Over £46 billion borrowed through Bounce Back loans

More than 1.5 million Bounce Back loans have been taken out since the coronavirus (COVID-19) support scheme was launched last May

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ICAEW warns SMEs have ‘limited window’ to apply for Brexit grant

The ICAEW has warned eligible small and medium-sized enterprises (SMEs) that they have a limited window to apply for a grant under the Brexit Support Fund.

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Business rates relief extended with £1.5 billion fund

A new Business Rates relief fund of £1.5 billion for businesses affected by COVID-19 outside the retail, hospitality, and leisure sectors has been announced

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HMRC- what do they know?

The information available to HMRC has never been as comprehensive or as accessible. Our lives now laid out on social media for all to see means HMRC view of our lifestyle spending habits cannot be hidden.

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Extend Kickstart Scheme by six months, urges CBI

The government should extend the Kickstart Scheme application deadline until June 2022, the Confederation of British Industry (CBI) has stated.

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Electric vehicle grants cut to £2,500

The government has cut the plug-in car, van and truck grant by £500 to £2,500 claiming it will broaden the range of electric vehicles qualifying for the scheme

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UK economy shrank in January, data reveals

The UK economy shrank by 2.9% in January as the third coronavirus (COVID-19) lockdown took its toll and Brexit hit exports, according to the latest figures from the Office for National Statistics (ONS).

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£20 million SME Brexit Support Fund open for applications

The UK government has unveiled a £20 million Brexit support package to help small and medium-sized enterprises (SMEs) with changes to trade rules with the EU.

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Tax-free childcare bonus of up to £500 not being claimed

Families using tax-free childcare accounts to pay for their childcare costs could receive a government top-up worth up to £500 every three months, but thousands are missing out on the pay-out, HMRC warns

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COVID-19 vaccines and stimulus plans will aid global growth, says OECD

The Organisation for Economic Co-operation and Development (OECD) has upgraded its forecasts for global and British economic growth this year and next.

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Details of fourth grant for the self-employed published

HMRC has published details of the eligibility criteria for the fourth grant under the coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS)

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