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FSB calls for further help for employers as furlough wind-down begins

FSB calls for further help for employers as furlough wind-down begins

The Federation of Small Businesses (FSB) has called for the government to provide further help to employers as the Coronavirus Job Retention Scheme (CJRS) / furlough scheme begins to be wound down. From 1 August, employers have to pay national insurance contributions (NICs) and pension contributions for furloughed employees. Starting from...

The Federation of Small Businesses (FSB) has called for the government to provide further help to employers as the Coronavirus Job Retention Scheme (CJRS)...

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Inheritance Tax Receipts: Data reveals significant decrease

Inheritance Tax Receipts: Data reveals significant decrease

Data published recently by HMRC has revealed that there has been a significant drop in inheritance tax receipts. According to the data, HMRC collected £5.2 billion in inheritance tax during 2019/20. This represents a decrease of 4% (£223 million) on 2018/19. The data covers the 2019/20 tax year and...

Data published recently by HMRC has revealed that there has been a significant drop in inheritance tax receipts. According to the data, HMRC collected...

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More firms to benefit from CBILS following changes

CBILS: More firms to benefit following changes

New changes to state aid rules mean that more small businesses can benefit from the government’s Coronavirus Business Interruption Loan Scheme (CBILS). As a result of EU rules, previously small firms in the ‘undertakings in difficulty’ category were unable to make use of the CBILS. From 30 July businesses...

New changes to state aid rules mean that more small businesses can benefit from the government’s Coronavirus Business Interruption Loan Scheme (CBILS). As a...

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HMRC sets up scheme for loan charge refunds

HMRC sets up scheme for loan charge refunds

HMRC has published details on its refund scheme for taxpayers who made voluntary payments of income tax or national insurance prior to a change in the rules regarding the loan charge. The loan charge, which came into effect on 6 April this year, applies to anyone who used ‘disguised...

HMRC has published details on its refund scheme for taxpayers who made voluntary payments of income tax or national insurance prior to a change...

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Pensions Tax Relief: Treasury publishes call for evidence on administration

Pensions Tax Relief: Treasury publishes call for evidence on administration

The Treasury has published a call for evidence on the administration of pensions tax relief. The call for evidence seeks to gather evidence on the operation of both of the main methods of administering pensions tax relief. According to the Treasury, the government recognises that the two systems produce...

The Treasury has published a call for evidence on the administration of pensions tax relief. The call for evidence seeks to gather evidence on...

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Mixed picture for retail sector, CBI finds

Mixed picture for retail sector, CBI finds

Sales in the retail sector were broadly flat in the year to July despite three months of sharp declines, according to the monthly Distributive Trades Survey published by the Confederation of British Industry (CBI). However, the improvement was primarily driven by stronger grocery sales, with non-essential retailers continuing to...

Sales in the retail sector were broadly flat in the year to July despite three months of sharp declines, according to the monthly Distributive...

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