Grant Thornton is the first major accounting firm to be hit by the coronavirus crisis and is asking staff to reduce their hours or consider taking a sabbatical in a bid to shore up business and continue to support client base, reports Sara White

Rent-to-own high street chain and cash lender BrightHouse has gone into administration putting 2,400 jobs at risk as attempts to turnaround the business failed following impact of tougher FCA rules as a result of the high cost credit review

Following some initial confusion, HMRC has now updated its advice for businesses and individuals affected by coronavirus to make clear that the six-month income tax self assessment deferral for payments due in July applies to all taxpayers, and not just those who are self-employed

The government has published the details and eligibility criteria for the small business and retail sector grant schemes which form part of a £22bn coronavirus support package and have begun paying out

HMRC has issued specific guidance flagging up concerns that workers returning to the NHS to help respond to the coronavirus outbreak are becoming targets for tax avoidance schemes by unscrupulous advisers

In part two of our administration series, Hasib Howlader, director of Hudson Weir, explains key steps to take if insolvency threatens from administration to a company voluntary arrangement 

As EU governments make rapid changes to VAT reporting and payment schedules in light of the coronavirus pandemic, tax authorities across member states are taking very different approaches, with complex schemes with disparate qualifying criteria, payment deferrals and some taking no action as yet 

Italian high street restaurant chain Carluccio's has gone into administration, putting some 2,000 jobs at risk