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10 Jul 2020
The government has scrapped plans to get workers to pay income tax on coronavirus (COVID-19) testing kits purchased by their employer.
The Institute for Fiscal Studies (IFS) has warned that the government will need to raise taxes in order to pay for the economic support measures announced by Chancellor Rishi Sunak in the Summer Economic Update.
09 Jul 2020
Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC) have reacted to Chancellor Rishi Sunak's Summer Economic Update.
Over one million UK businesses have now accessed government-backed borrowing through the Bounce Back Loan Scheme (BBLS), according to the latest figures from the Treasury.
08 Jul 2020
On 8 July Chancellor Rishi Sunak delivered a Summer Economic Update, which outlined measures designed to boost the UK economy following the coronavirus (COVID-19) lockdown.
Chancellor Rishi Sunak will deliver the Summer Economic Update today, in which he will announce measures to help boost the UK economy following the coronavirus (COVID-19) lockdown.
The government and the Green Finance Institute have been joined by 12 leading financial professional bodies in launching the first Green Finance Education Charter.
07 Jul 2020
The Treasury has extended the temporary scrapping of VAT on personal protective equipment (PPE) until the end of October.
The government plans to give UK businesses £111 million in order to fund new traineeships and get young people in England into work.
06 Jul 2020
A survey commissioned by HMRC has found that a lack of knowledge amongst UK businesses has contributed to Making Tax Digital for VAT (MTD for VAT) non-compliance.
The introduction of off-payroll rules to the private sector will go ahead as planned next April after an attempt to delay them again failed in the House of Commons.
03 Jul 2020
The Low Incomes Tax Reform Group (LITRG) has urged self-employed individuals to check their eligibility for the first round of the government's coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS) grant.
The government has launched its latest coronavirus (COVID-19) support scheme, termed the Sustainable Innovation Fund (SIF), which is aimed at helping businesses to keep 'cutting edge' projects and ideas alive.
02 Jul 2020
The Financial Conduct Authority (FCA) has confirmed further support for users of certain consumer credit products if they are experiencing temporary payment difficulties due to the coronavirus (COVID-19).
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