HMRC has confirmed that the penalty regime for non-payment of VAT due to the deferred VAT scheme introduced at the start of the pandemic is now in place
HMRC staff will be able to continue working even if they receive a ping notification that they have been exposed to covid-19 in the latest amendment to self isolation rules
The government will allow important parts of critical industries to carry out daily testing instead of requiring staff to self-isolate to try and reduce the impact of the ‘pingdemic’
The number of penalties issued personally to finance directors at large businesses by HMRC has dropped from 148 last year to just 20 in a year, due to pandemic pressures
SME owners are feeling more optimistic and are keen to invest in growth but are frustrated by the mix of financial options open to them, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN)
The government is on track to spend between £14bn and £17bn less each year on a range of public services from April 2022 than had been earmarked before Covid-19, says the Institute for Fiscal Studies (IFS)
Female representation on boards within the financial sector has increased 39% since 2016 with women now accounting for almost a third of board roles, the five-year review of the government’s Women in Finance Charter report has found
Applications have opened for the Future Fund: Breakthrough scheme which will see the government commit £375m of funding to the UK’s most high growth, innovative, and Research and development (R&D) intensive businesses
With the fifth in the series just days away, the Self-Employed Income Support Scheme (SEISS) seems intent on overtaking the Fast and Furious film franchise (which currently stands at nine). This time around, the twists and turns come in the form of a new turnover test which determines how much the applicant is entitled to claim. Stephen Relf, Croner-i explains
The Charity Commission has released its latest 2020-2021 annual report, which showed that the Commission weathered the storm of the Covid-19 pandemic making a larger year on year surplus
Five UK regions saw dependence on the EU for exports fall leading up to Brexit with the pandemic also wiping £18bn off manufacturing value between 2019 and 2020
The NHS covid-19 app has sent more than half a million, 530,126, contact tracing alerts telling people to isolate in the week to the 7 July which is a 46% rise on the previous week
The European Commission has announced multiple climate change proposals aimed to make the EU's climate, energy, land use, transport, and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030
Nearly 230 HMRC staff have been offered voluntary redundancy as the government department’s new hubs programme is completed leading to the closure of offices across the country