The UK's Supreme Court has found in favour of small firms receiving payments from COVID-19 business interruption insurance policies.
The Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic ahead of the Budget on 3 March 2021.
The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time in April 2021.
The government has announced that employers can now apply for a £1,000 bonus, a cash boost, to help them take on new trainees.
HMRC has published the names of 139 named companies that failed to pay minimum wages amounting to £6.7 million to over 95,000 workers.
After a tumultuous year, learning the lessons from 2020 and adjusting to the ‘new normal’ in HR is a massive challenge facing all employers – and especially smaller businesses which may not have a dedicated HR function.
Finance Secretary, Kate Forbes delivered the 2021/22 Scottish Draft Budget on Thursday 28 January 2021, setting out the Scottish government’s financial and tax plans. This summary highlights the government’s announcements regarding spending plans, income tax, Land and Buildings Transaction Tax and Air Departure Tax.
Complicated new VAT rules post-Brexit are causing big headaches for both importers and exporters - and with a change in the system unlikely to happen, businesses are going to have to get to grips with the new VAT regime or else stop trading with the EU.