The number of corporate insolvencies seen during April, the first month of the Covid-19 lockdown, was down by a third on the previous year, as government support packages have given companies vital headroom, according to analysis by KPMG
More than 69,000 bounce back loans for small businesses worth over £2bn have been approved during the first 24 hours of the scheme, the Chancellor has announced
In this edition of VAT updates, Graham Elliott considers HMRC’s VAT easements, a suppression of sales case and the challenging concept of fiscal neutrality
SMEs accidentally overclaiming for National Insurance Contributions (NICs) they do not pay could result in them having to repay thousands of pounds back to HMRC down the line, according to UHY Hacker Young
Accountants are not immune to the impact of anxiety on themselves and their work colleagues. Sarah Lewis, principal psychologist at Appreciating Change, sets out how to handle the pressure in difficult times
The Bank of England (BoE) is warning that the UK is heading towards its fastest and deepest recession for more than a century, as a result of the impact of the coronavirus pandemic
Administrators from BDO have successfully sold Norton Motorcycles, the British brand ridden by Che Guevara and Clint Eastwood, to an Indian two-wheeler manufacturer, in a £16m all-cash deal agreed following the company’s collapse at the start of the year
To help investors who may be struggling during the pandemic, the withdrawal charge on a Lifetime ISA (LISA) has been temporarily reduced from 25% to 20%, with refunds planned for backdated charges
Now that the UK is in the transition period after leaving the EU, Accordance’s VAT consultant Russell Hughes unpicks the menu of obstacles facing the food and drink sector trading across borders, keeping friction down and wastage low
Confidence among CFOs has declined to its lower ever level with 89% feeling uncertain about their company’s future; some forecast that ‘revenues will not return to pre-crisis levels for at least a year’
The government has made grants available for small businesses who are currently feeling the pressure of the Covid-19 pandemic, but what are the VAT implications of these grants? Croner Taxwise VAT consultant, Vivienne Scott at explains
HMRC has begun contacting around 3.5m taxpayers who may be eligible for the government’s self-employment income support scheme (SEISS) to explain the application process and help them get ready to make a claim when the service opens next week
The government has announced a top-up to the local business grant funds scheme providing coronavirus support, setting up a discretionary fund to help certain small businesses which previously fell outside its the scope
Trade minister Conor Burns has resigned, after a committee of MPs found he had mis-used his parliamentary status to intimidate a member of the public who had a loan dispute with his father
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