Feb 18, 2021 | Current Affairs
The Institute for Fiscal Studies (IFS) has called on Chancellor Rishi Sunak to use the upcoming Budget to secure economic recovery, instead of focusing on public finances.The business group expects the Budget, which is due to take place on 3 March 2021, to outline...
Feb 17, 2021 | Current Affairs
Around 600,000 UK employers are at risk of business collapse in the spring if an extension in Government support schemes is not provided, according to a new report by the Institute for Public Policy Research (IPPR).Up to nine million jobs may be affected without an...
Feb 16, 2021 | Current AffairsVAT
HMRC’s domestic reverse charge for the construction industry comes into force in less than a fortnight.The charge affects VAT-registered businesses and individuals who supply or receive certain services that are reported within the construction industry scheme from 1...
Feb 15, 2021 | Current Affairs
The UK economy shrank by almost 10% in 2020 as a result of the COVID-19 pandemic, the Office for National Statistics (ONS) has announced.According to the latest figures, UK GDP contracted by 9.9% in 2020 - the largest annual fall on record.In December 2020, the...
Feb 12, 2021 | Current AffairsGovernment Announcements
The UK Government has announced a £20 million SME Brexit support fund to adjust to new customs and VAT rules when trading with the EU.SMEs which trade with the EU will be entitled to grants worth up to £2,000 for each trader to pay for support, which includes training...
