Working parents struck by Covid-19 will be allowed to continue claiming Tax-Free Childcare, HMRC confirms

Oct 29, 2020

Working parents who fall under the income threshold to claim Tax-Free Childcare as a result of Covid-19 will be allowed to continue receiving relief, it has been announced. According to HM Revenue & Customs (HMRC), eligible working parents who receive support ...

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Self Assessment: HMRC recommends completing online returns ahead of the deadline

Oct 26, 2020

Self Assessment individuals have 97 days left to complete their tax returns online before the deadline, but HM Revenue & Customs (HMRC) recommends completing it as early as possible. Individuals can complete their tax returns at any time before the deadline ...

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Government extends further support to businesses affected by COVID-19

Oct 23, 2020

Under increasing pressure from business groups, local authority leaders and the public, the Government has decided to extend several of its existing support measures to help businesses across the UK – regardless of whether they are forced to close or ...

Blog, SMEs

New grant funding scheme announced to help SMEs trade overseas

Oct 22, 2020

Up to £38 million in grant funding has been made available for small and medium-sized enterprises (SMEs) seeking to trade overseas, it has been announced. The initiative forms part of a package of new measures designed to ...

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From in-store to online: the rise of start-ups during the coronavirus pandemic

Oct 19, 2020

According to the Office for National Statistics (ONS), the number of new business start-ups has increased by 5 per cent during the third quarter of this year, compared to the same period in 2019. Despite expectations that the creation of new ...

Blog, SMEs

ICAEW “questions” pension tax relief proposals

Oct 15, 2020

The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses. The report comes after HM Treasury published ...

Blog, SMEs

Brexit: Just 13 per cent of businesses feel prepared for the UK to leave the EU

Oct 13, 2020

According to the latest research, one in eight businesses feel prepared for the UK to leave the European Union (EU) after the transition period comes to an end in December. Alok Sharma, Secretary of State for Business, Energy and Industrial Strategy ...

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Chancellor expands Job Support Scheme and grants to businesses facing new COVID-19 restrictions

Oct 12, 2020

The Chancellor has announced that the Government will expand the new Job Support Scheme (JSS) to assist jobs and businesses required to close their doors as a result of tougher Coronavirus restrictions. The announcement was made ahead of new plans to ...

Blog, SMEs

UK Export Finance scheme extended to more than 100 overseas territories

Oct 08, 2020

The Government’s UK Export Finance (UKEF) scheme has now been extended to support international trade in more than 100 countries, it has been announced. The changes come ahead of the end of the Brexit transitional period on 31 December 2020, after ...

Blog, HMRC, Personal accounting, Tax

Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

Oct 06, 2020

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first. On 24 September 2020, the Chancellor announced that ...

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