Coronavirus

Insight / Covid-19 loan schemes shell out £73bn to businesses

The latest Treasury figures show that the banking and finance industry has provided almost £73bn in support to 1.6 million businesses through government-backed coronavirus lending schemes

Insight / Coronavirus: essential updates for accountants, tax advisers and auditors - Part 3

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

Accounting / Guidance on holding company AGMs during Covid-19 pandemic

ICSA: The Chartered Governance Institute has published new guidance about company AGMs and the impact of Covid-19, which reflects the continuing impact of the coronavirus pandemic on companies’ ability to hold physical general meetings

Tax / VAT deferral payment scheme online service opens

Over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay in smaller monthly instalments, HMRC has announced

Insight / Prime Minister sets out roadmap to ease lockdown restrictions

PM Boris Johnson has announced the government’s roadmap to cautiously ease lockdown restrictions in England with non-essential shops due to open on 12 April

Tax / Stamp duty holiday drives property sales

The stamp duty holiday, which is due to end in March, has restored housing transactions to the highest level since 2007 with tax take hitting £1.35bn in the last quarter

Accounting / Insolvency protection extended to April 2022 due to pandemic

The government has given businesses much-needed breathing space with extension of insolvency measures under the Corporate Insolvency and Governance Act to relieve pressure on businesses dealing with coronavirus

Insight / £1.1bn increase in funding for Scotland to deal with covid-19 fallout

The UK government has given the devolved administration in Scotland an additional £1.1bn to help businesses hit by the coronavirus pandemic

Tax / Covid VAT deferral payment guidance updated

HMRC has updated guidance on how to register for the online service to pay VAT payments deferred between 20 March and 30 June 2020 due to the covid-19 pandemic

Tax / Q&A: Self-Employment Income Support Scheme (SEISS) and SEISS grant extension

In our weekly Q&A, Pras Patel, tax advice consultant at Croner Taxwise, examines the rules relating to the Self-Employment Income Support Scheme (SEISS), grant eligibility and trading profits

Insight / Bounce Back Loan repayment terms extended to 10 years

Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced

Tax / Q&A: Coronavirus Job Retention Scheme (CJRS) extension

In our regular Q&A series, Pras Patel, tax advice consultant at Croner Taxwise, provides an at a glance guide to current and upcoming changes to the furlough rules

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors - Part 3

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

Insight / End of Covid support leaves one in seven businesses in trouble

More than one in seven UK businesses are at great risk of imminent closure once Covid support schemes end in April, according to research by the London School of Economics (LSE) which predicts a major wave of bankruptcies unless the government takes action

Insight / Kickstart scheme refreshed

The government is to simplify the requirements for its Kickstart scheme, the flagship programme designed to create jobs for 16- to 24-year-olds, by reducing the limit for the number of vacancies employers must supply
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