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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

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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

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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

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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 

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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

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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

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21/07/2020

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

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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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REF: MC/NL/1.2