Business News

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Freelancers experience drop in income ...Freelancers experienced a drop in income during the coronavirus (COVID-19) lockdown, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE). ...14 Aug
FSB urges local councils 'not to delay small business grants' ...The Federation of Small Businesses (FSB) has urged local councils in England to ensure the speedy issuance of small business grants to firms that require them. ...13 Aug
UK economy falls into recession for first time in 11 years ...Lockdown measures introduced as a result of the coronavirus (COVID-19) pandemic have pushed the UK economy into recession, data published by the Office for National Statistics (ONS) has revealed. ...12 Aug
Government coronavirus schemes 'failing to provide support', BCC finds ...The coronavirus (COVID-19) schemes announced in Chancellor Rishi Sunak's Summer Economic Update are failing to provide the support businesses need, according to the Coronavirus Business Tracker published by the ...11 Aug
Bounce Back loans average 87,000 approvals a week since launch ...Lenders have approved an average of 87,000 Bounce Back loans every week since the scheme was launched on 4 May, according to the latest figures from the Treasury. ...10 Aug
Government further extends Tax-Free Childcare scheme as result of coronavirus ...The government has further extended Tax-Free Childcare (TFC) to 31 October 2020 for parents who may have fallen below the minimum income requirement as a result of the coronavirus (COVID-19) pandemic. ...07 Aug
ICAEW warns taxpayers have 90 days to notify HMRC of overclaimed COVID-19 grants ...The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants. ...07 Aug
Ensure interaction between VAT and Eat Out to Help Out is understood, ICAEW urges ...The Institute of Chartered Accountants in England and Wales (ICAEW) has urged businesses to ensure that they understand the interaction between VAT and the government's Eat Out to Help Out scheme. ...06 Aug
Bank of England holds rates as economy set for record slump ...The Bank of England (BoE) left interest rates unchanged at 0.1% as it predicted a record slump for the UK economy due to the coronavirus (COVID-19) pandemic. ...06 Aug
HMRC publishes guidance on claiming Job Retention Bonus ...HMRC recently published guidance on the eligibility requirements for the Job Retention Bonus. ...05 Aug
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