Government announces £10 million tourism rescue package

The Government has announced that tourism providers in England and Wales can now apply for a share of a £10 million rescue package designed to support the sector.

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COVID-19: The key dates for your tax diary

There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements,

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COVID-19: UK businesses owed more than £133 billion since lockdown began

UK businesses are owed more than £133 billion since the lockdown measures began in March, with the average business waiting on £148,917 for work that was completed before the lockdown.

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COVID-19: Government’s Bounce Back Loan Scheme distributes £23 billion in finance

The Government’s Bounce Back Loans Scheme has provided more than £23 billion in finance to more than 780,000 businesses, according to the latest research.

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Trade Credit Reinsurance scheme to support 630,000 UK businesses

More than 630,000 UK businesses have been given the confidence to trade during Covid-19 after the Government announced guarantees of up to £10 billion to Trade Credit Insurance schemes.

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HMRC updates tax guidance for waiving income and bonuses and charitable giving

HM Revenue & Customs (HMRC) has updated its guidance for people choosing to waive their income to support their business or a charity during the COVID-19 pandemic.

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New Corporate Insolvency and Governance Bill to extend accounting deadlines

The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.

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One-third of SMEs ‘may never re-open’ after Covid-19, study reveals

One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research.

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Self-Employment Income Support Scheme open for business

The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule.

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COVID-19: The impact on company car benefit in kind

Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit

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Zero-rate of VAT applied to sales of PPE from today

The tax on personal protective equipment purchased by care homes, businesses, charities and individuals will be cut from today, it has been announced.

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Businesses who defer VAT payments should continue to file returns as usual, says HMRC

Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed.

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COVID-19 – HMRC relax inheritance tax process

HM Revenue & Customs (HMRC) has announced changes to the inheritance tax (IHT) process to ensure minimal disruption because of the coronavirus pandemic.

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