HM Revenue & Customs (HMRC) has received more than 50,000 claims for tax relief for working from home since opening a new online portal on 1 October. Since the start of the current tax year on 6 April 2020, employers … Continue reading
Category Archives: Latest News
IFS predicts tax rises of more than £40 billion a year by the middle of the decade
The Institute for Fiscal Studies (IFS) has predicted that taxes will need to rise by more than £40 billion a year by the middle of the decade to prevent Government debt from growing out of control. The widely-respected think tank … Continue reading
Government extends furlough scheme and provides a boost to SEISS
As businesses deal with the impact of yet another national lockdown in England, the Chancellor has taken further steps to protect jobs, businesses and the self-employed by announcing additional changes to the Government’s financial support measures. Speaking in Parliament, Rishi … Continue reading
Government extends Self-Employment Income Support Scheme and Government-backed loans
As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income … Continue reading
National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update
The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close. It has also confirmed … Continue reading