March 28, 2021 / Covid-19
UK economic output reduces to 31% as result of coronavirus lockdown.
Research published by the Centre for Economics and Business Research (CEBR) has revealed that UK economic output has reduced to...
Read More
March 28, 2021 / Covid-19
Chancellor announces changes to Business Interruption Loan Scheme
On 3 April, Chancellor Rishi Sunak announced changes to the COVID-19 Business Interruption Loan Scheme following criticism that businesses have...
Read More
March 28, 2021 / Covid-19
Majority of UK firms have less than three months’ cash reserves.
A significant number of UK firms face the prospect of running out of cash within three months, according to a...
Read More
March 28, 2021 / Covid-19
Government publishes details on coronavirus grant schemes for small businesses.
The government has published details on the COVID-19 support schemes for small businesses and retailers. The Small Business Grant Fund...
Read More
March 28, 2021 / Covid-19
Directors on PAYE can furlough under Job Retention Scheme.
Company directors who receive salaries through Pay as You Earn (PAYE) are eligible for furlough under the government's Coronavirus Job...
Read More
March 28, 2021 / Covid-19
Government relaxes insolvency rules during coronavirus pandemic.
The government has relaxed the insolvency regulations during the COVID-19 pandemic in order to give restructuring businesses time to continue...
Read More
March 28, 2021 / Covid-19
Bank of England announces £100 billion stimulus package for UK economy.
The Bank of England has unveiled a £100 billion stimulus package to help boost the UK economy following the coronavirus...
Read More
March 28, 2021 / Covid-19
HMRC publishes guidance on recognising genuine government contact
HMRC has published guidance on recognising genuine contact from the tax authority during the COVID-19 pandemic. HMRC recently sent text...
Read More
March 28, 2021 / Covid-19
HMRC urges businesses using VAT deferral to cancel Direct Debits.
Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have...
Read More
March 28, 2021 / Covid-19
Chancellor unveils help for self-employed workers
On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the...
Read More
