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: 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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Businesses access £35 billion through COVID-19 support schemes

The Government has now delivered almost £35 billion in corporate finance to businesses affected by COVID-19, it has been revealed.

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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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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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Applying for a Coronavirus Business Interruption Loan Scheme (CBILS)

Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cashflow.

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Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses

The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in

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Almost a fifth of businesses fell into their overdraft in past year

According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow.

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The VAT treatment of PCP agreements for commercial vehicles

When considering the purchase a commercial vehicle, there are many decisions to make, including whether an HP agreement or a personal contract purchase (PCP) agreement is more suitable, but what are the VAT implications of a PCP agreement?

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Company insolvencies hit six-year high

Company insolvencies increased to their highest annual level for over six years, the latest statistics have shown.

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SMEs: Eight out of 10 struggle to access funding for growth

According to the latest research, 80 per cent of UK small to medium-sized enterprises (SMEs) are struggling to access funding to grow their business.

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Marriage Allowance: Warning as copycat website charges excessive fees to claim free rebate

Experts are warning taxpayers to be aware of the copycat website that appears to be similar to HM Revenue & Customs’ (HMRC) official website, with the firm charging exorbitant fees to claim the Marriage Allowance rebate.

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Overspending at Christmas is causing people to get into debt

According to the latest research, 30 per cent of people in the UK get into debt every year due to overspending at Christmas.

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Millions at risk of being left behind by a cashless society

According to the latest research, cash usage is declining throughout the world, with credit/debit cards, bank transfers and eWallets becoming the most popular method of payment during the last year.

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