Coronavirus
Coronavirus is a worldwide pandemic that is affecting millions of individuals and businesses. These are uncertain and unprecedented times and as the spread of Covid-19 continues, we want to support you, our clients, the best we can. Hopefully a brighter future lies ahead with the roll-out of the vaccine now taking place.
We will be posting updates on this page as soon as the UK Government announces any new measures to tackle the virus and support you and your business.
Latest COVID-19 update
Coronavirus restrictions remain in place. Find out what you can and cannot do.
(COVID-19) Coronavirus restrictions: what you can and cannot do – GOV.UK (www.gov.uk)
IFS: UK tax system ‘discourages employment’
Employees’ salaries currently attract more in tax than self-employed individuals.
Firms call for urgent action to reduce unemployment
Unemployment increased to 5% in the three months to November 2020.
HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.
Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.
Millions to face fines if self-assessment tax return deadline missed
Taxpayers could face fines totalling to £250 million.
Big businesses to reduce payment times to small suppliers
50,000 small firms close every year due to late payments.