Business News

24 Jun 2021

Cash payments fall by over a third during 2020

The number of cash payments made in the UK fall by 35% during 2020, according to the latest figures from banking trade body UK Finance.

23 Jun 2021

UK economy back to pre-covid level by end of year

Despite the delay on the lifting of all lockdown restrictions for another month, the UK economy is set to bounce back to its pre-COVID level towards the end of 2021, according to the latest figures from the Confederation of British Industry (CBI).

22 Jun 2021

UK Infrastructure Bank opens for business

The first ever UK Infrastructure Bank has opened for business with the aim of investing in sectors such as clean energy and transport.

21 Jun 2021

Delayed EU import declarations due

The first supplementary delayed declarations on imports of non-controlled goods from the EU are due from 25 June 2021, HMRC has reminded businesses.

18 Jun 2021

Commercial rent moratorium extended until March 2022

The government is to extend the ban on commercial evictions introduced during the coronavirus (COVID-19) pandemic until March 2022, the Treasury has confirmed.

17 Jun 2021

Over 280,000 families now using Tax-Free Childcare

More than 282,000 working families used a Tax-Free Childcare (TFC) account during March, according to figures from HMRC.

16 Jun 2021

Finance Act 2021 receives early Royal Assent

Royal Assent of Finance Act 2021 was granted on 10 June, bringing the extended loss carry-back, super-deduction and other measures into force.

15 Jun 2021

Business groups press for further support after lockdown easing delayed

The four-week delay to the easing of lockdown in England has prompted business groups to call for further government support for businesses.

14 Jun 2021

HMRC outlines intention to recover £1 billion in fraudulent furlough funds

HMRC has announced that it will recover over £1 billion in fraudulently claimed furlough cash over the next two years.

11 Jun 2021

R&D relief regime ready for update, says ICAEW

The UK's current research and development (R&D) tax relief regime offers valuable support to companies but could be improved, according to a survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW).

10 Jun 2021

Cash boost for apprenticeships launched

Employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices, the government has confirmed.

09 Jun 2021

OTS considers moving tax year end

The Office of Tax Simplification (OTS) is set to explore the benefits, costs and wider implications of changing the date of the end of the tax year for individuals.

08 Jun 2021

G7 announces global tax agreement

The G7's finance ministers have announced a historic international agreement on global tax reform.

07 Jun 2021

Bounce Back Loan repayments due for many small businesses

Many small businesses will soon be required to begin repaying loans taken out under the government's Bounce Back Loan Scheme (BBLS).

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