Chancellor announces £1 billion fund for businesses

Jan 09, 2022

On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm.

Mr Sunak said the…

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Self assessment taxpayers must declare COVID grants on tax returns

Jan 09, 2022

HMRC has reminded self assessment taxpayers to declare any COVID-19 grant payments on their 2020/21 tax return.

According to HMRC, more than 2.7 million customers claimed at least one Self-employment…

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Scottish Budget 2022

Jan 09, 2022

Finance Secretary Kate Forbes delivered the 2022/23 Scottish Budget on 9 December 2021, setting out the Scottish Government's financial and tax plans.

The Budget outlined the government's spending…

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Welsh government delivers Budget

Jan 09, 2022

On 20 December 2021, the Welsh government outlined a Budget to 'build a stronger, fairer and greener Wales'.

The Welsh government unveiled a £116 million package of funding to aid with…

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HMRC waives self assessment penalties for one month to ease COVID-19 pressures

Jan 09, 2022

HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month.

The measure will give those taxpayers affected by the coronavirus (COVID-19) extra time, if…

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Over 440,000 small firms at risk due to late payment crisis

Jan 09, 2022

More than 440,000 small firms could be forced out of business by the late payment crisis, according to the Federation of Small Businesses (FSB).

An FSB study of more than 1,200 business owners…

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HMRC latest guidance for employers

Jan 09, 2022

HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on:

  • reporting PAYE information in real time when payments…

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HMRC issues warning on self assessment scams

Dec 09, 2021

HMRC has warned taxpayers completing their 2020/21 tax returns to 'be on their guard' and stay vigilant in regard to tax-related scams.

Nearly 800,000 tax scams were reported in the last year,…

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Costs 'weighing on businesses' sustainability intentions', FSB finds

Dec 06, 2021

A report published by the Federation of Small Businesses (FSB) has revealed that the costs associated with going green have impacted small firms' plans for becoming more sustainable.

The FSB's…

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