Chancellor Rishi Sunak has announced that small businesses will be able to access loans of up to £50,000 through the Bounce Back Loan Scheme which will be 100% government-backed. This announcement comes after many small businesses said they were either being rejected...
Latest Statistics show that over 70% of SMEs have furloughed staff The Chamber of Commerce has announced that over 70% of small and medium-sized businesses have furloughed at least some of their staff. These businesses are currently awaiting government funding from...
Government announce scheme worth £1.25bn to help start-ups This new scheme is for start-up businesses that do not qualify for any of the other COVID-19 business support schemes. Chancellor Rishi Sunak said this would help start-ups through this difficult period plus...
Chancellor announces coronavirus aid for frontline charities A Government funding package of £750 million to help charities was announced by Chancellor Rishi Sunak on 8 April. This package has been put in place with some charities facing possible collapse due to...
Did you know that, from 6 April 2020, there will be significant changes to the capital gains tax regime for disposals of UK residential land and property? UK residents making a disposal will be required to submit a return and pay any capital gains tax due to HMRC...
Changes to current Coronavirus Business Interruption Loan Scheme (“CBILS”) There have been many reports of businesses having issues in accessing much-needed funding through the CBILS facility. Issues have included demands from lenders for Personal Guarantees and being...
Delay of VAT Making Tax Digital 'phase two' The government has announced that, in light of the impact of Covid-19, the digital links requirement of Making Tax Digital for VAT will be deferred by 12 months to 1 April 2021. What is being delayed? The first phase of MTD...
How to recognise a phishing or bogus email? Please be aware that in times like these that some unscrupulous individuals are seeking to take advantage of current events (COVID-19) to profit for themselves. It is vitally important with more remote working that you are...
Chancellor Rishi Sunak has announced that small businesses will be able to access loans of up to £50,000 through the Bounce Back Loan Scheme which will be 100% government-backed. This announcement comes after many small businesses said they were either being rejected...
Latest Statistics show that over 70% of SMEs have furloughed staff The Chamber of Commerce has announced that over 70% of small and medium-sized businesses have furloughed at least some of their staff. These businesses are currently awaiting government funding from...
Government announce scheme worth £1.25bn to help start-ups This new scheme is for start-up businesses that do not qualify for any of the other COVID-19 business support schemes. Chancellor Rishi Sunak said this would help start-ups through this difficult period plus...