New 95% mortgage scheme launched Recent changes to IR35 'undermine the self-employed', says IPSE FSB urges government to provide greater support for UK exports HMRC contacting claimants for fourth self-employed grant UK economy improved in February despite lockdown UK cuts electric vehicle grants by £500 New claims required for home working tax relief Business confidence boosted by plans to re-open UK economy IMF upgrades UK economic forecasts for 2021 and 2022 Start of new tax year ushers in raft of fiscal changes Workers set to benefit from increases in National Minimum and Living wages ICAEW warns SMEs have 'limited window' to apply for Brexit grant Over £46 billion borrowed through Bounce Back loans Payment deadline looming for self assessment taxpayers Business rates relief extended with £1.5 billion fund Chancellor responds to OTS report on inheritance tax Government publishes range of consultations to help modernise UK tax system COVID lockdowns have cost the UK economy £251 billion, says CEBR HMRC to accept bulk appeals for late tax returns due to pandemic Thousands missing out on Tax-Free Childcare bonus UK economy shrank in January, data reveals £20 million SME Brexit Support Fund opens for applications Extend Kickstart Scheme by six months, urges CBI Government publishes details of Finance Bill 2021 CBI calls for overhaul of government policy on environmental taxes COVID-19 vaccines and stimulus plans will aid global growth, says OECD ICAEW urges HMRC to rethink quarterly reports under MTD for corporation tax Female freelancers have faced 'disproportionate financial struggle' during pandemic Details of fourth grant for the self-employed published Government to invest over £100 million in COVID fraud taskforce Chancellor extends SDLT cut View our 2021 Budget Report 2021 Budget - what to expect Sunak sets out Budget to protect businesses 2021 Budget - the economic picture 2021 Budget - the political reaction 2021 Budget - the business reaction Committee calls for Chancellor to outline plans for tax reform COVID schemes now supporting 1.6 million UK businesses SMEs needing advice on imports and exports can apply for grants, HMRC confirms Online service for VAT deferral scheme opens Late payment penalties for self assessment waived until 1 April More support needed to help businesses once lockdown lifts Domestic VAT reverse charge comes into effect on 1 March SME service for bank complaints goes live HMRC clarifies off-payroll rules IFS urges Chancellor to outline economic recovery plans in upcoming Budget Over half a million businesses could collapse without further support Clarity needed on taxation of COVID test costs, says ICAEW UK economy shrank by record 10% in 2020 IoD calls for government to put entrepreneurs at heart of economic recovery Borrowers of Bounce Back loans given six more months for repayments HMRC's customer service levels impacted by COVID-19 Almost a third of house sales fall through as stamp duty deadline nears Vaccination programme set to boost economic recovery COVID-19 business lending exceeds £71 billion 1.8 million still to file self assessment returns CBI urges government to publish roadmap out of lockdown Government announces £1,000 bonus to help businesses take on trainees Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget More than 900,000 businesses 'at risk of failing by April', research warns UK tax system 'discourages employment and investment', IFS suggests HMRC waives self assessment penalties for a month LITRG calls for rise in High Income Child Benefit Charge threshold Nine million people borrowed more in 2020 as result of COVID-19 pandemic One in three blocked from paying with cash during pandemic Big businesses must pay small suppliers more quickly under changes to PPC CBI urges government to 'act on COVID business support' ahead of Budget Supreme Court backs small firms on business interruption claims COVID-19 is reasonable excuse for self assessment late filing, says HMRC Taxpayers using Time to Pay to spread cost of tax payments Monthly deadline approaching for furlough claims ICAEW calls for further guidance on CIS changes HMRC issues self assessment scam warning Pandemic drives dramatic increase in SME borrowing HMRC reveals 2,700 tax returns submitted on Christmas Day Business groups urge Chancellor to do more to support firms Chancellor unveils £4.6 billion lockdown grant package TUC urges employers to offer furlough to parents affected by school closures Your financial New Year's resolutions Don't forget to file your self assessment tax return Preparing your business for winter weather BIRA urges retailers to remain vigilant during festive period and beyond HMRC rejects calls to relax 31 January self assessment deadline IPSE calls for government to extend SEISS Government must take another look at support for businesses in Tier 4, says CBI Chancellor extends furlough scheme until end of April 2021 Scheme launched to support firms moving goods after Brexit IR35 status check failing to deliver results in a fifth of cases CGT rise would adversely affect entrepreneurs, warns IoD Individuals urged to remain vigilant when making festive charitable donations UK growth slowed in October as economic recovery stalls £100 billion savings glut could fuel economic recovery, says Bank of England Monthly deadline approaching for furlough claims Businesses have 'insufficient information' on Brexit changes, BCC finds Lenders still supporting thousands with payment deferrals AAT warns of dramatic rise in self-assessment filing Government must shore up business confidence ahead of COVID-19 vaccine rollout Number of CBILS applications to rise, experts predict HMRC cracks down on marketing of tax avoidance schemes Third SEISS grant opens as IPSE issues warning Business survival hanging by a thread in toughened tiers, warns CBI Chancellor presents Spending Review Applicants for third SEISS grant will face new test, ICAEW warns ATT calls for clarity on virtual seasonal parties HMRC begins 'Eat Out to Help Out' compliance checks Self assessors warned to watch out for scammers posing as HMRC £1 million Annual Investment Allowance cap extended for a year Contactless payments reached record level in August HMRC confirms MTD for corporation tax to be mandated from 2026 Wealth gap widening as result of coronavirus pandemic, research suggests Current CGT regime 'fit for purpose', says ICAEW UK economy rebounds from recession Self-employed sector facing 'avoidable decline', according to IPSE Real Living Wage increases across the UK PAC finds over £1 billion worth of fraudulent Bounce Back loan applications Chancellor extends furlough scheme to end of March FCA proposes further support for consumer credit borrowers impacted by COVID-19 Government delays implementation of new pensions dashboards Support for self-employed increased as lending schemes extended Furlough scheme extended and changed for new lockdown ATT issues last call for firms seeking to use increased Annual Investment Allowance Chancellor to set out one-year Spending Review in November ICAEW calls for reform of 'inflexible business rates' Survey finds small business confidence has been in negative territory since 2018 NAO finds 'significant levels of furlough fraud occurred' during start of pandemic Chancellor increases financial support for businesses affected by COVID restrictions IoD outlines reforms to Prompt Payment Code HMRC urges businesses to ensure they are ready for new customs and tax rules PAC calls on government to give 'honest picture' of UK tax gap Government outlines plans to protect future of cash Government launches new coronavirus fraud hotline Over 54,000 workers claim home working tax relief using online portal Tax rises 'inevitable', says IFS Resolution Foundation warns of a 'lost COVID generation' Job Support Scheme expanded for local lockdowns Government to proceed with plans to create freeports across UK NAO warns loan scheme could result in £26 billion in losses Survey finds business conditions remained weak in third quarter of 2020 Coronavirus permanently changes working patterns Retirement plans altered by pandemic British Business Bank warns of fraud risks with coronavirus business loans Benefits-in-kind regime 'not fit for purpose', says ICAEW Criminals exploiting coronavirus pandemic, trade association warns Furlough scheme set to move into final month Cyber security top risk for audit executives, research suggests Business groups welcome extended coronavirus support UK economic recovery slowing even before new Covid-19 curbs Chancellor outlines Winter Economy Plan Business groups call for more support following new restrictions NAO calls on Treasury to safeguard access to cash UK businesses voluntarily return £215 million in furlough funds MPs urge Chancellor to extend job retention scheme FCA confirms support for mortgage borrowers HMRC urges VAT-registered businesses to prepare for Brexit trading changes Private pension withdrawal age to be raised CBI warns of rocky road despite July economic growth Lockdown grants welcome but more support needed, say business groups IoD urges government to extend coronavirus insolvency measures Up to £3.5 billion in furlough payments fraudulent, HMRC finds FSB urges government to provide Brexit transition vouchers Treasury publishes consultation on VAT refund scheme Tax hike for freelancers would be unjust, claims IPSE Research reveals 800,000 workers being 'under-enrolled' in pension schemes Kickstart Scheme opens for applications UK plastic bag tax charge to be doubled and extended to all retailers ICAEW warns R&D credit cap may impact genuine claims More than £30 million lost to pension scams Small businesses call on government to extend Eat Out to Help Out scheme Government provides £20 million in funding to boost recovery of small firms HMRC blocks thousands of furlough applications Treasury outlines plans for carbon emissions tax Businesses 'vulnerable' as coronavirus schemes wind down, BCC suggests 29% of SMEs 'carried on as usual' during pandemic, survey finds Drop in number of self-employed will lead to 'brittle workforce', IPSE warns Second round of grants for the self-employed opens Freelancers experience drop in income FSB urges local councils 'not to delay small business grants' UK economy falls into recession for first time in 11 years Government coronavirus schemes 'failing to provide support', BCC finds Bounce Back loans average 87,000 approvals a week since launch Government further extends Tax-Free Childcare scheme as result of coronavirus ICAEW warns taxpayers have 90 days to notify HMRC of overclaimed COVID-19 grants Ensure interaction between VAT and Eat Out to Help Out is understood, ICAEW urges Bank of England holds rates as economy set for record slump HMRC publishes guidance on claiming Job Retention Bonus SME manufacturing activity plummets, says CBI FSB calls for further help for employers as furlough wind-down begins Data reveals significant decrease in inheritance tax receipts More firms to benefit from CBILS following changes to loan rules HMRC sets up scheme for loan charge refunds Mixed picture for retail sector, CBI finds Treasury publishes call for evidence on administration of pensions tax relief Public warned to watch out for top coronavirus scams LITRG urges HMRC to thoroughly test MTD for Income Tax before its introduction Eat Out to Help Out scheme set to start NIESR calls for furlough scheme to be kept open Committee suggests many have 'fallen through gaps in support schemes' Government announces review of business rates system HMRC outlines changes to VAT treatment of imported goods Fifth of small firms expect poor performance in next three months, data suggests UK economy 'still stuck in first gear' OTS publishes series of recommendations for simplifying tax system FRC urges companies to provide high-quality disclosures on impact of coronavirus Small business confidence begins to bounce back Claims deadline approaching for first phase of furlough scheme Treasury outlines agenda for modernised digital tax system Lockdown has 'negatively impacted young people's labour market outcomes' PAC urges government to assess tax reliefs for effectiveness Credit card spending fell significantly at start of coronavirus lockdown, data reveals Business groups cautious on easing of lockdown restrictions Coronavirus borrowing now over £46 billion Chancellor asks OTS to review capital gains tax Homeworking creates new opportunities for cyber criminals, research finds Three quarters of businesses not ready for end of Brexit transition period Welsh government to reduce LTT rate Self assessment deferral available to the self-employed UK economy shrank by almost a fifth under lockdown Scottish government to reduce LBTT rate Tax gap falls to lowest recorded rate Recovery advice scheme launched for small businesses HMRC scraps benefit-in-kind charge on coronavirus tests IFS warns taxes will rise as result of coronavirus lockdown Business groups react to Summer Economic Update More than one million businesses access Bounce Back loans Chancellor to deliver Summer Economic Update Accounting bodies join launch of green finance charter Chancellor announces Job Retention Bonus in Summer Economic Update VAT cut on PPE extended Government to give £111 million to businesses to fund traineeships HMRC finds lack of knowledge causing MTD non-compliance Private sector off-payroll reforms given go ahead for April 2021 LITRG urges self-employed to check eligibility for SEISS Government unveils £200 million Sustainable Innovation Fund FCA confirms further support for consumer credit customers FSB finds late payment crisis has worsened during coronavirus lockdown Government expands Future Fund for start-ups Furlough scheme now covering 9.3 million workers Business warned about rise in impersonation fraud UK mortgage approvals slump during pandemic Job retention scheme closing to new entrants Coronavirus lockdown puts focus on UK skills gap Overseas VAT claims subject to COVID delays PMI data points to improved picture for UK economy FSB outlines recommendations to Chancellor ahead of expected fiscal event IoD urges government to support jobs and investment after coronavirus lockdown Government-backed coronavirus lending now over £40 billion ABI calls for overhaul of pensions tax relief system Government urged to consider emergency VAT reduction Report finds young people most likely to lose job as result of coronavirus lockdown Lenders grant 1.9 million mortgage deferrals UK public calls for greater transparency on tax avoidance and evasion Bank of England announces £100 billion stimulus package for UK economy UK pushing for global digital tax despite US reservations HMRC begins sending MTD for VAT 'nudge' letters to firms Businesses urged to reinstate VAT direct debits Research suggests SMEs expect to borrow £48 billion post-coronavirus lockdown HMRC updates CJRS guidance for employers UK economy could contract by 8% in 2020, data suggests HMRC updates guidance for self-employed coronavirus scheme MPs call for VAT reduction to help firms affected by coronavirus Jobs and training for the young must be prioritised to boost economy, says CBI UK economy shrinks record 20.4% as result of coronavirus lockdown LITRG warns self-employed that SEISS is taxable Government extends furlough scheme for parents on statutory leave Significant number of SME owners using personal savings to keep business trading £35 billion loaned to businesses through coronavirus schemes Pension savers warned over scams and transfers Business debt 'will slow economic recovery' from coronavirus pandemic, IoD warns Government plans to suspend Sunday trading laws to aid UK economy HMRC delays VAT reverse charge on construction services Deadline looming for new entrants to Coronavirus Job Retention Scheme CIOT calls for property sales tax change One in five highly skilled freelancers face business closure to COVID-19 Cash payments continued to fall in 2019 Strong economic recovery likely, but not certain Women 'more likely to be on low pay', TUC research suggests Over £31 billion borrowed through coronavirus schemes Manufacturers call for coronavirus support MPs open inquiry into £155 billion of tax reliefs Chancellor announces changes to Job Retention Scheme IPSE gives cautious welcome to extension of self-employed scheme FSB calls for government to give company directors more support Data shows 5.2 million people have fallen victim to scams during coronavirus crisis Data reveals retail sales 'remain depressed' in year to May Coronavirus Statutory Sick Pay Rebate Scheme goes live Government publishes revised Coronavirus Job Retention Scheme legislation Changes to insolvency and company law to take effect Government borrowing at record high, data reveals Survey suggests one in ten firms cannot implement coronavirus guidance safely IPSE urges government to extend self-employed support scheme UK sets out post-Brexit tariff regime Future Fund launches to give start-ups coronavirus support Inflation rate falls to lowest level since August 2016 Government set to launch Coronavirus Statutory Sick Pay Rebate Scheme Treasury confirms tax exemption for reimbursed home office expenses CMA urges government to introduce emergency laws to prevent price hikes Loan size increased to £200 million under large business interruption scheme CBI concerned about lack of Brexit progress BCC survey suggests firms ready for gradual reopening of UK economy Government makes temporary changes to Tax-Free Childcare scheme One million apply to self-employed grant scheme in 48 hours Close to £15 billion borrowed through government's coronavirus schemes Late payers warned over false economy Chancellor extends Job Retention Scheme until October Self-employed grant scheme to open to applications HMRC extends tax appeal deadline due to pandemic Stamp Duty liability should be switched to sellers HMRC updates process for obtaining Government Gateway ID Business groups need more guidance and financial support for return to work Online marketplaces should be compelled to collect VAT UK Finance warns firms over Bounce Back loan repayments UK economy set to experience 'deepest recession in living memory' HMRC begins contacting individuals eligible for coronavirus income support scheme Over 110,000 businesses apply for Bounce Back loans on day one FCA seeking legal clarity on business interruption insurance Government changes ISA rules to help individuals affected by coronavirus TPR calls for trustees and employers to 'work together to protect savers' Government extends deadlines for tax consultations Business leaders eager for lockdown to ease, says IoD