HMRC have confirmed that businesses that deferred VAT payments between March and June 2020 will be eligible to join the new scheme where they can pay the deferred VAT in smaller monthly instalments. This will now give businesses the option to pay their deferred VAT in...
According to the 2021 Digital Transformation Assessment conducted by The Manufacturer and IBM, 67% of manufacturers have accelerated their adoption of digital technologies as a result of the coronavirus pandemic. Only 16% have suspended their digital adoption...
The Chancellor has announced a new ‘Pay as You Grow’ initiative to help the 1.4 million small businesses who took out government-backed Bounce Back Loans. Borrowers will have the option to: Extend the length of their loan from six to ten years. Make interest-only...
In recent years slowing down climate change by reducing emissions has become a top priority for many countries around the world. In 2019 the UK government signed a legally binding target of net zero emissions by 2050. A survey of senior figures (managing directors,...
DAC6 is a system of mandatory reporting of cross-border tax arrangements, where these affect one or more EU member states and fall into one or more particular characteristics (hallmarks). Following the UK leaving the EU, DAC6 will no longer be applied in its entirety....
The Supreme Court has ruled largely in favour of small businesses receiving payments from business interruption insurance policies. These payments are to cover losses from the first national lockdown. This news will be a relief to many small businesses that may need...
