9th November 2020 The Public Accounts Committee (PAC) identified more than £1 billion worth of fraud in the government’s coronavirus (COVID-19) Bounce Back Loan Scheme (BBLS) during the first six months of the scheme being in operation. In a
Chancellor extends furlough scheme to end of March
6th November 2020 Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of March 2021. The CJRS was supposed to have ended after being scaled back to cover 60% of salaries during October. However,
FCA proposes further support for consumer credit borrowers impacted by COVID-19
5th November 2020 The Financial Conduct Authority (FCA) is proposing further support for borrowers affected by the coronavirus (COVID-19). The UK’s financial regulator announced tailored measures for borrowers in September and said it would keep them under review as the
Government delays implementation of new pensions dashboards
4th November 2020 The government has delayed the introduction of new online pensions dashboards that will enable individuals saving for retirement to view their pension pots in one place. The pensions dashboards system was initially supposed to take effect
NEW: HMRC Powers to Make Directors (and others) Personally Liable
It feels like H M Revenue & Customs (“HMRC”) are getting more powers and the protection of Limited Liability Trading is being eroded – it feels like it because it is the case! From 22nd July 2020, S.100
HMRC urges businesses to ensure they are ready for new customs and tax rules
21st October 2020 HMRC has urged businesses to make sure they are prepared for new customs and tax rules so that they can continue to trade with the EU from 1 January 2021. In a letter to VAT-registered businesses,
PAC calls on government to give ‘honest picture’ of UK tax gap
20th October 2020 The Public Accounts Committee (PAC) has urged the government to give a ‘more honest’ picture of the likely levels of the UK tax gap. The tax gap is the gap between the tax that should be
The Working From Home Allowance
Over the last few decades the idea of working from home went from unthinkable to fairly commonplace. But it was still preferable to most businesses for their employees to work from offices, rather than their own homes. However, with Covid-19
Chancellor extends furlough scheme to end of March
6th November 2020 Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of March 2021. The CJRS was supposed to have ended after being scaled back to cover 60% of salaries during October. However,
The Coronavirus Job Retention Scheme Portal Is Now Open
20th April 2020 HMRC, who are responsible for administering the scheme, have issued guidance on how to calculate your claim and this can be found at this ink. They have also issued a step by step guide on how