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Chancellor increases financial support for businesses

Chancellor increases financial support for businesses

On 22 October Chancellor Rishi Sunak announced increases to the coronavirus (COVID-19) financial support measures first outlined in the Winter Economy Plan. The Chancellor has made amendments to the Job Support Scheme (JSS), which is set to take effect from 1 November. When originally announced, the JSS saw employers...

On 22 October Chancellor Rishi Sunak announced increases to the coronavirus (COVID-19) financial support measures first outlined in the Winter Economy Plan. The Chancellor...

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Prompt Payment Code: IoD outlines reforms

Prompt Payment Code: IoD outlines reforms

The Institute of Directors (IoD) has outlined reforms to the Prompt Payment Code. The IoD recently submitted its views to the government on how best to strengthen the Prompt Payment Code. These include establishing a transparent process for dealing with Code suspensions, removals and reinstatements, and implementing a traffic...

The Institute of Directors (IoD) has outlined reforms to the Prompt Payment Code. The IoD recently submitted its views to the government on how...

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Are you ready for the new customs and tax rules?

Are you ready for the new customs and tax rules?

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, HMRC stated that it is ‘really important’ that firms act now regarding the...

HMRC has urged businesses to make sure they are prepared for new customs and tax rules so that they can continue to trade with...

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UK tax gap: PAC calls on government to give ‘honest picture’

UK tax gap: PAC calls on government to give ‘honest picture’

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 UK tax gap is the gap between the tax that should be paid on the UK’s economic activity and the tax that HMRC actually...

The Public Accounts Committee (PAC) has urged the government to give a ‘more honest’ picture of the likely levels of the UK tax gap....

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Government outlines plans to protect future of cash

Government outlines plans to protect future of cash

The government has outlined plans to protect the UK’s cash system and ensure people have easy access to cash. Securing the long term future of cash. The Treasury stated that although cash use is declining, with people increasingly choosing cards, mobiles and e-wallets to make payments, it remains crucial...

The government has outlined plans to protect the UK’s cash system and ensure people have easy access to cash. Securing the long term future...

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Latest On The Support Schemes Aiding Businesses

Latest On The Support Schemes Aiding Businesses

We’ve compiled the latest updates on the current support schemes and how they can aid your business. Protect yourself from scams? HMRC reminds us all to stay vigilant about scams, which may mimic government messages as a way of appearing authentic. Search ‘scams’ on GOV.UK for information on how...

We’ve compiled the latest updates on the current support schemes and how they can aid your business. Protect yourself from scams? HMRC reminds us...

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