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Government considers 5 day isolation period

Government considers 5 day isolation period

Calls to cut isolation period Chancellor Rishi Sunak has backed calls for a 5 day isolation period, meaning that the current Covid isolation period could be cut from seven days to five. Currently, those who test positive for Covid can leave self-isolation after seven...

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Over 440,000 small firms at risk due to late payment crisis

Over 440,000 small firms at risk due to late payment crisis

More than 440,000 small firms could be forced out of business by the late payment crisis, according to the Federation of Small Businesses (FSB). An FSB study of more than 1,200 business owners found that close to one in three has seen late payment of invoices increase...

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HMRC latest guidance for employers

HMRC latest guidance for employers

HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: reporting PAYE information in real time when payments are made early at Christmas preventing and correcting payroll errors Health and...

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FCA to introduce new consumer duty

FCA to introduce new consumer duty

The Financial Conduct Authority (FCA) is set to introduce a new consumer duty to better protect users of financial services. The new rules will help tackle harmful practices such as providers of financial services presenting information in a way that exploits...

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Welsh government delivers Budget

Welsh government delivers Budget

On 20 December 2021, the Welsh government outlined a Budget to 'build a stronger, fairer and greener Wales'. The Welsh government unveiled a £116 million package of funding to aid with the economic recovery from the COVID-19 pandemic. This will be combined with...

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Scottish Budget 2022

Scottish Budget 2022

Finance Secretary Kate Forbes delivered the 2022/23 Scottish Budget on 9 December 2021, setting out the Scottish Government’s financial and tax plans. The Budget outlined the government’s spending plans, income tax and Land and Buildings Transaction Tax. Announced in...

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Chancellor announces £1 billion fund for businesses

Chancellor announces £1 billion fund for businesses

On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm. Mr Sunak said the government would also help certain firms with the cost of sick pay for...

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A third of small firms affected by poor payment practices

A third of small firms affected by poor payment practices

Small Business Index The Small Business Index (SBI) has shown that a third of small firms have been impacted by poor payment practices in recent months. Findings by a new study indicated that high inflation and increasing red tape for smaller firms that trade...

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Government considers 5 day isolation period

Calls to cut isolation period Chancellor Rishi Sunak has backed calls for a 5 day isolation period, meaning that the current Covid isolation period could be cut from seven days to five. Currently, those who test positive for Covid can leave self-isolation after seven...

Are you prepared for the expansion of Making Tax Digital for VAT?

MTD for VAT On 1st April 2022 it becomes mandatory for all VAT registered businesses to register for Making Tax Digital (MTD) for VAT. This is a departure from the current rules where it is only compulsory for people or businesses with a turnover above the VAT...

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