Budget 2021: what you need to know about the Recovery Loan Scheme


The Recovery Loan Scheme will help businesses restart and recover from the Covid-19 pandemic, the Government has announced.

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Government Start Up Loans attributed to rapid rise in new companies


The number of new businesses registered at Companies House grew significantly during the final six months of 2020, the latest statistics have revealed.

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Government set to unveil £520 million ‘help to grow’ scheme for small businesses


The Chancellor, Rishi Sunak, is set to announce plans to help the UK’s economic recovery by unveiling a new ‘help to grow’ scheme for small to medium-sized enterprises (SMEs).

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MPs call for business rates cut in 2021 Budget


A total of 45 MPs in England are calling for Chancellor Rishi Sunak to cut business rates in England from 50 per cent of the market rent to 35 per cent in the 2021 Budget.

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Draft legislation implements requirement for “mandatory independent scrutiny” of pre-pack administration sales


New legislation will require independent scrutiny of pre-pack sales where connected parties are involved, it has been announced.

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Small businesses handed £7.8 billion through local authority grant schemes, figures reveal


More than £7.8 billion in grant funding has been delivered to small businesses through local authority grant schemes, it has been revealed.

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Self-Employment: Government set to announce the fourth round of SEISS in Budget  


The Chancellor, Rishi Sunak, is set to announce the fourth round of the Self-Employment Income Support Scheme (SEISS) at the Budget on 3 March, according to reports.

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Budget 2021: Hospitality businesses call for extended VAT cut


Due to the prolonged impact of coronavirus on the hospitality industry, firms within this sector urge Chancellor Rishi Sunak to extend the VAT reductions for a year in the Budget.

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Uber drivers “not self-employed”, Supreme Court rules


Ride-hailing giant Uber must pay its workforce at least the legal minimum wage and holiday pay after a Supreme Court ruled that its drivers are “not self-employed”.

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HMRC announces light touch approach to IR35 errors in first 12 months


Businesses will not be penalised for errors relating to IR35 in the first 12 months, it has been announced.

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Businesses to have access to free service to help resolve disputes with banks


Small and medium-sized enterprises (SMEs) will have access to a new independent service to assist in resolving disputes with banks.

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Pub industry calls for reopening of the sector as sales halve


Prominent figures within the beer and pub industry are calling upon the Government to reopen pubs with non-essential shops when lockdown ends, as they are an indispensable contributor to the economy. 

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UK economy suffers “worst fall in 300 years”


The UK economy shrank by a record 9.9 per cent last year as coronavirus restrictions forced thousands of businesses to close, official statistics have revealed.

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One in five small businesses not entitled to financial support, FSB reveals


As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed.

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Year-End Tax Planning – why it’s vital to be prepared


The clock is ticking towards the end of the tax year on 5 April 2021 and it is important that you utilise all of the available tax reliefs and allowances before the new tax year in order to minimise your

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