Business news
IPPR: 600,000 firms could collapse without further support
Up to nine million jobs may be affected without an extension.VAT reverse charge reminder
The charge comes into effect from 1 March 2021.Record annual slump for UK economy in 2020
COVID-19 prompts UK GDP to fall by 9.9%.Govt. unveils £20m SME Brexit support fund
The grants are worth up to £2,000.CBI calls for further COVID-19 support
Failing to extend existing support will “stunt economic recovery”.1 in 3 house sales collapse as stamp duty deadline looms
29% of proposed purchases fell through in January.FSB: Govt. must extend business rates relief to 2022
The organisation is urging for the threshold to be changed.Firms get more time to repay bounce-back loans
Repayments can be spread over ten years, rather than six.COVID-19 business lending passes £71bn
Around 1.4m firms have accessed BBLs since May 2020.1.8 million taxpayers still to file self-assessment returns
Over 10.7 million people submitted their 2019/20 return by the deadline.
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Current news
One in five taxpayers will pay higher tax rate
Threshold freezes could see 7.8 million pay 40%.
VAT registration helpline set to close
HMRC will prioritise registration applications.
Company insolvencies fall in April
Figures remain higher than pre-pandemic levels.