Launched on 6 April 2021, the Recovery Loan Scheme (“RLS”) provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic. The British Business Bank announced in late October that £1.06 billion has been offered through almost 6,200 facilities to smaller businesses across the UK, with £822.8 million drawn down through the scheme.
Businesses may find themselves in the position where there is no option but to make redundancies after the Government’s furlough scheme came to an end.
In an environment where staff shortages are endemic, it may well be businesses which have to bear the brunt of the National Insurance rise, says James Shipp of Lovewell Blake.
Charity trustees need to be turning their minds to their organisation’s reserves policy as we emerge from the pandemic, says Mark Proctor of Lovewell Blake.
Public trust in charities has reached its highest level since 2014, according to research published by the Charity Commission.
HM Revenue & Customs (HMRC) have opened their online service, allowing eligible self-employed traders to apply for the fifth and final grant under the Self-Employment Income Support Scheme (SEISS).
The survey looked at the impact of the pandemic amongst other things.
HMRC has launched nearly 13,000 investigations into alleged abuse of the government's coronavirus (COVID-19) financial support schemes.