Nov 26, 2020 | Current AffairsGovernment Announcements
Chancellor Rishi Sunak has announced the UK economy is set to contract by 11.3%, the highest fall in over 300 years, as a result of the COVID-19 pandemic.In his November Spending Review, Sunak revealed the economy is predicted to grow by 5.5% in 2021, but economic...
Nov 20, 2020 | Current AffairsGovernment Announcements
Government borrowing has dropped to £22.3 billion in October, down from £28.6bn a month earlier, as a result of continued spending to support the UK economy during the COVID-19 pandemic.According to the Office for National Statistics (ONS) central government tax...
Nov 19, 2020 | Current AffairsGovernment Announcements
HMRC has issued a warning to those who file self-assessment tax returns saying to be alert to criminals claiming to be from the organisation, as the return deadline of 31 January 2021 nears.In the last year, HMRC responded to over 846,000 referrals of suspicious HMRC...
Nov 18, 2020 | Current AffairsGovernment Announcements
HMRC has confirmed that Making Tax Digital (MTD) for corporation tax will not be implemented until 2026 “at the earliest”.In a consultation document, HMRC revealed potential designs of the MTD for corporation tax system, and provided businesses with information on...
Nov 6, 2020 | Current AffairsGovernment Announcements
The Government has extended its furlough scheme until the end of March, with employees receiving 80% of their current salary for hours not worked.Earlier this week, the Government announced the furlough scheme would initially be extended until 2 December 2020.It will...
