National insurance rise 'set to squeeze budgets', warns CBI

Feb 07, 2022

The Confederation of British Industry (CBI) has warned the government that the planned rise in national insurance will squeeze budgets and affect economic growth.

The rise will see employers,…

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Scam HMRC call reports drop by 97%

Feb 07, 2022

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures from the tax authority.

According to HMRC, reports of scammers impersonating HMRC…

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BCC calls for 'urgent action' to improve UK-EU trade

Feb 07, 2022

The British Chambers of Commerce (BCC) has called for urgent action to help improve trade with the EU.

A survey carried out by the BCC revealed that 60% of UK exporters reported difficulties…

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COVID-19 support grants paid to companies must be included on company tax returns

Feb 07, 2022

HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable.

The deadline…

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Government scheme gives discounts of up to £5,000 on accounting software

Feb 07, 2022

The government's Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – is now open for applications.

Under the scheme, eligible businesses…

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Omicron Hospitality & Leisure Grant

Jan 13, 2022

A new Omicron hospitality & leisure grant has been launched to support coronavirus affected hospitality, leisure and accommodation businesses.

The scheme will provide eligible businesses with…

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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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