£800 million Reinsurance Scheme opens for live events
Posted on Thursday, October 7th, 2021
The government has opened a £800 million Reinsurance Scheme to cover live events against cancellations stemming from the COVID-19 pandemic. The live events sector is worth more than £70 billion annually to the UK economy and supports... Read Full Article...
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Government announces plans to make requesting flexible working a day one right
Posted on Thursday, October 7th, 2021
The government will also introduce a day one right to one week’s unpaid leave for carers balancing a job with caring responsibilities. The government says the plans will make for more productive businesses, whilst accommodating both employee... Read Full Article...
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British Business Bank provided £80.5 billion of COVID-19 support
Posted on Thursday, October 7th, 2021
COVID-19 emergency finance schemes offered £80.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year. This support, which is not included under the Bank’s core programmes, was... Read Full Article...
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HMRC outlines changes to late payment penalty regime
Posted on Wednesday, September 8th, 2021
HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers. The government intends to reform sanctions for late submission and late payments to make them ‘fairer... Read Full Article...
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Digital marketplaces to report sellers’ incomes from 2023
Posted on Wednesday, September 8th, 2021
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD). In February 2020, the OECD consulted on proposed rules setting... Read Full Article...
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CIOT warns over stamp duty refund claims
Posted on Wednesday, September 8th, 2021
The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true. The CIOT says an increasing number of firms are contacting buyers... Read Full Article...
Contactless limit to increase to £100 from 15 October
Posted on Wednesday, September 8th, 2021
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, banking trade body UK Finance has confirmed. The decision to raise the contactless limit from £45 to £100... Read Full Article...
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HMRC urges taxpayers to stay alert to digital scams
Posted on Wednesday, September 8th, 2021
HMRC has urged taxpayers to stay alert to the threat of digital scams and scammers claiming to represent HMRC. Research published by HMRC revealed that the number of tax-related scams has doubled in the past 12 months.... Read Full Article...
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BCC calls for government to extend skills training
Posted on Wednesday, September 8th, 2021
The BCC has urged the government to extend skills training in light of the publication of research which showed that one in five companies are considering making redundancies as a result of the coronavirus (COVID-19) pandemic. The... Read Full Article...
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Advisory fuel rates for company cars
Posted on Wednesday, September 8th, 2021
New company car advisory fuel rates have been published and took effect from 1 September 2021. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’.... Read Full Article...