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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
VAT reverse charge reminder
The charge comes into effect from 1 March 2021.
Record annual slump for UK economy in 2020
COVID-19 prompts UK GDP to fall by 9.9%.
Govt. unveils £20m SME Brexit support fund
The grants are worth up to £2,000.
CBI calls for further COVID-19 support
Failing to extend existing support will “stunt economic recovery”.
1 in 3 house sales collapse as stamp duty deadline looms
29% of proposed purchases fell through in January.
FSB: Govt. must extend business rates relief to 2022
The organisation is urging for the threshold to be changed.
Firms get more time to repay bounce-back loans
Repayments can be spread over ten years, rather than six.
COVID-19 business lending passes £71bn
Around 1.4m firms have accessed BBLs since May 2020.
1.8 million taxpayers still to file self-assessment returns
Over 10.7 million people submitted their 2019/20 return by the deadline.
Get ready for the VAT reverse charge
New rules set to take effect for construction from 1 March 2021.