Over 900,000 UK firms ‘at risk of failing by April’
Around 15% of businesses are at “great risk” of imminent closure
Read more »IFS: UK tax system ‘discourages employment’
Employees’ salaries currently attract more in tax than self-employed individuals.
Read more »Firms call for urgent action to reduce unemployment
Unemployment increased to 5% in the three months to November 2020.
Read more »HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.
Read more »Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.
Read more »Big businesses to reduce payment times to small suppliers
50,000 small firms close every year due to late payments.
Read more »HMRC reminds taxpayers of time-to-pay option
Self-assessment taxpayers can spread payments over up to 12 months.
Read more »Govt. reveals over 1.4m loans given to UK firms
The loans are part of the £280bn support package.
Read more »ICAEW calls for further guidance on CIS changes
Changes are set to take effect from April 2021.
Read more »COVID-19 deemed ‘reasonable excuse’ for late filing
HMRC said the decision is not a blanket waiving of penalties.
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