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Business Rates System: Government announces review

Business Rates System: Government announces review

The government has published a call for evidence on the overhaul of the business rates system that applies in England. The government announced at the 2020 Budget in March that it would conduct a review of the business rates system in England. It is seeking views from businesses, business...

The government has published a call for evidence on the overhaul of the business rates system that applies in England. The government announced at...

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Fifth of small businesses expect poor performance

Fifth of small businesses expect poor performance

Data published by the Federation of Small Businesses (FSB) has suggested that a fifth of small businesses expect their performance to be ‘much worse’ over the next three months as a result of the coronavirus (COVID-19) lockdown. The FSB’s latest Small Business Index (SBI) showed that 23% of the...

Data published by the Federation of Small Businesses (FSB) has suggested that a fifth of small businesses expect their performance to be ‘much worse’...

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HMRC outlines changes to VAT treatment of imported goods

HMRC outlines changes to VAT treatment of imported goods

HMRC has outlined changes to the VAT treatment of imported goods from 1 January 2021. The changes will ensure that goods from EU and non-EU countries are treated in the same way and that UK businesses are not disadvantaged by competition from VAT-free imports. From 1 January 2021, VAT...

HMRC has outlined changes to the VAT treatment of imported goods from 1 January 2021. The changes will ensure that goods from EU and...

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UK economy ‘still stuck in first gear’

UK economy ‘still stuck in first gear’

The UK economy is ‘still stuck in first gear’, with many businesses operating at half their pre-coronavirus (COVID-19) capacity, according to the British Chambers of Commerce (BCC). The BCC’s Coronavirus Impact Tracker found that over half of businesses were suffering from reduced demand. In fact, customer demand and possible...

The UK economy is ‘still stuck in first gear’, with many businesses operating at half their pre-coronavirus (COVID-19) capacity, according to the British Chambers...

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FRC urges companies to provide high-quality disclosures on impact of coronavirus

FRC urges companies to provide high-quality COVID-19 disclosures

The Financial Reporting Council (FRC) has urged companies to provide more detailed disclosures on the impact the coronavirus (COVID-19) has had on their firm. In a new review, the FRC stated that although companies provided sufficient information to enable individuals to understand the impact COVID-19 has had on their...

The Financial Reporting Council (FRC) has urged companies to provide more detailed disclosures on the impact the coronavirus (COVID-19) has had on their firm....

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Small business confidence begins to bounce back

Small business confidence begins to bounce back

Confidence in the UK’s small business sector is starting to bounce back, according to a quarterly survey conducted by Hitachi Capital Business Finance (HCBF). The HCBF survey reported that the number of UK small businesses predicting growth has almost doubled in just three months, from 14% to 27%. Following...

Confidence in the UK’s small business sector is starting to bounce back, according to a quarterly survey conducted by Hitachi Capital Business Finance (HCBF)....

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