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10/08/2020
How VAT works with Eat Out Scheme
The Institute of Chartered Accountants in England and Wales (ICAEW) has urged businesses to ensure that they understand the interaction between VAT and the government’s Eat Out to Help Out scheme.
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04/08/2020
Call for more help as furlough winds down
The Federation of Small Businesses (FSB) has called for the government to provide further help to employers as the Coronavirus Job Retention Scheme (CJRS) begins to be wound down. From 1 August
31/07/2020
CBILS Changes to Loan Rules
Changes to state aid rules mean that more small businesses can benefit from the government's Coronavirus Business Interruption Loan Scheme (CBILS). As a result of EU rules, previously small
28/07/2020
Show COVID-19 impact in financial reports
The Financial Reporting Council (FRC) has urged companies to provide more detailed disclosures on the impact the coronavirus (COVID-19) has had on their firm. In a new review, the FRC stated that
24/07/2020
Many fall through gap in support schemes
The Treasury Select Committee has found that over a million people have ‘fallen through the gaps’ of the government’s coronavirus (COVID-19) support schemes. The Committee has made a series of
22/07/2020
Govt urged to assess tax reliefs
The Public Accounts Committee (PAC) has called on the government to assess how effective tax reliefs are and whether they achieve their intended objectives. In a new report, the PAC said that the government
21/07/2020
Making Tax Digital Update
The Treasury has announced that the Making Tax Digital (MTD) programme will be extended to firms with turnover below the VAT threshold of £85,000 from 6 April 2022. Taxpayers who file self-assessment
Most businesses not ready for Brexit
Three quarters of UK businesses are not fully prepared for the end of the Brexit transition period, according to a survey conducted by the Institute of Directors (IoD). Nearly half of the 978 company
16/07/2020
Capital Gains Tax under review
The Government has asked the Office of Tax Simplification (OTS) to identify and offer them advice about areas where the current capital gains tax rules (CGT) do not meet their policy intent or where they .
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