Business News

Business News

04 Dec 2020

AAT warns of dramatic rise in self-assessment filing

Lockdown restrictions and mounting pressure on businesses could combine to cause a 'dramatic rise' in self-assessment filing this tax year, according to the Association of Accounting Technicians (AAT).

03 Dec 2020

Government must shore up business confidence ahead of COVID-19 vaccine rollout

The government must take steps to shore up business confidence while mass coronavirus (COVID-19) vaccinations are rolled out, according to the Confederation of British Industry (CBI).

02 Dec 2020

Number of CBILS applications to rise, experts predict

The number of applications for the government's Coronavirus Business Interruption Loan Scheme (CBILS) is set to rise, experts have predicted.

01 Dec 2020

HMRC cracks down on marketing of tax avoidance schemes

HMRC has teamed up with the Advertising Standards Authority (ASA) to act against misleading marketing by promoters of tax avoidance schemes.

30 Nov 2020

Third SEISS grant opens as IPSE issues warning

The third SEISS (Self-Employment Income Support Scheme) grant opens for applications today (30 November).

27 Nov 2020

Business survival hanging by a thread in toughened tiers, warns CBI

Many businesses will struggle to survive despite the end of lockdown, according to the Confederation of British Industry (CBI).

26 Nov 2020

Chancellor presents Spending Review

On 25 November Chancellor Rishi Sunak delivered his latest Spending Review to the House of Commons, and stated that the coronavirus (COVID-19) pandemic has caused 'lasting damage' to the UK economy.

25 Nov 2020

Applicants for third SEISS grant will face new test, ICAEW warns

Applicants for the third Self-employment Income Support Scheme (SEISS) grant will face a new test as the government tightens eligibility criteria, warns the Institute of Chartered Accountants in England and Wales (ICAEW).

24 Nov 2020

ATT calls for clarity on virtual seasonal parties

The Association of Taxation Technicians (ATT) is calling for guidance from HMRC on the status of virtual office seasonal parties this year.

23 Nov 2020

HMRC begins 'Eat Out to Help Out' compliance checks

HMRC has started writing to 4,000 businesses in the hospitality sector requesting them to verify their claims made under the government's Eat Out to Help Out scheme.

20 Nov 2020

Self assessors warned to watch out for scammers posing as HMRC

HMRC has warned self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline.

19 Nov 2020

£1 million Annual Investment Allowance cap extended for a year

The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as it continues to look at ways to stimulate the economy.

18 Nov 2020

Contactless payments reached record level in August

Contactless payments via debit cards reached a record level in August, accounting for 62% of all debit card transactions during the month, according to data released by UK Finance.

17 Nov 2020

HMRC confirms MTD for corporation tax to be mandated from 2026

In a new consultation HMRC has confirmed that Making Tax Digital (MTD) for corporation tax (CT) (MTD for CT) will not be implemented until 2026 'at the earliest'.

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Latest Business News -

04 Dec 2020

AAT warns of dramatic rise in self-assessment filing

Lockdown restrictions and mounting pressure on businesses could combine to cause a 'dramatic rise' in self-assessment filing this tax year, according to the Association of Accounting Technicians (AAT).

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