Digital advice hub for employers and employees launched under new National Disability Strategy

A new advice hub will help disabled workers understand their employment rights and support employers in delivering them, it has been announced. The service comes after the launch of the National Disability Strategy, which aims to “remove barriers faced by

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150,000 businesses owe HMRC £2.7 billion in deferred VAT payments

HM Revenue and Customs (HMRC) reported that 150,000 UK businesses have not yet made arrangements to pay back deferred VAT payments, and therefore owe the department £2.7 billion.   As of 30 June 2021, nine per cent of the total VAT

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HMRC helpsheet to support residential property sellers with new CGT rules

New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.

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‘Pingdemic’ – an increase in self-isolating threatens supermarket sales

The NHS app has told so many supermarket workers to self-isolate that some stores are now considering reducing opening hours or closing altogether.

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Help to Grow: Management scheme now open

The Government’s landmark Help to Grow: Management scheme is now open for applications.

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Corporate Insolvency and Governance Act 2020 – the changes in 2021

Some temporary relief measures introduced under the Corporate Insolvency and Governance Act 2020 (CIGA) are extending, the Government announced on 16 June 2021. 

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Coronavirus loan schemes relieved cash flow concerns for “millions” of British businesses, latest figures reveal

Businesses borrowed almost £80 billion in emergency loans and finance facilities throughout the coronavirus pandemic, a major study has revealed.

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Time to prepare for Corporation Tax changes

From April 2023, the Corporation Tax rate will rise for companies with profits of more than £50,000, following the Chancellor’s announcement at his Spring 2021 Budget. However, the new higher rate of Corporation Tax will not be the same for

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Making Tax Digital for Income Tax – Get ready now!

The next big step in the Government’s Making Tax Digital (MTD) initiative is rapidly approaching. From 6 April 2023, MTD is expanding to include businesses and landlords with a combined total gross income over £10,000 per annum, from the following

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Points-based system for HMRC late payment penalties

Penalties for late submission and late tax payments will be determined by a new points system to make them fairer and more consistent, HM Revenue & Customs (HMRC) has announced. Under the new system, penalties will be points-based rather than

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