FINANCIAL SERVICES

Advice for People Struggling to Pay Bills Due to Coronavirus

Posted: 14 January 2021
Advice for those in difficulty with utility bills, or repayment commitments on credit cards, loans and mortgages, as a result of coronavirus (COVID-19).
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Unregulated Immigration Advisors Fined £17,000

Posted: 7 January 2021
Directors from two law firms which generated £2.5 million in fees by providing unregulated immigration advice have been fined nearly £17,000 and ordered to pay over £28,000 in compensation.
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Tampon Tax Abolished From Today

Posted: 1 January 2021
The 5% rate of VAT on sanitary products - referred to as the "tampon tax" - was abolished in the UK from 1 January.
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Bounce Back Loan Scheme Top-Ups Open for Eligible Businesses

Posted: 10 November 2020
From 10 November, participating lenders in the scheme are able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them.
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Global Leaders Confirm Their Commitment to Paris Agreement Full Implementation

Posted: 4 November 2020
The UNFCCC and the Governments of the UK, Chile, France and Italy have issued a joint statement on the US Withdrawal from the Paris Agreement.
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Tax Treatment of the Coronavirus Job Retention Grant

Posted: 28 October 2020
HMRC explains how CJRS grants are treated for tax purposes.
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Government Announces Extension of SEISS Grants

Posted: 24 September 2020
Rishi Sunak has outlined additional government support to provide certainty to the self-employed impacted by coronavirus across the UK.
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Winter Economy Plan to Support More Businesses In Coming Months

Posted: 24 September 2020
Central to the plan is a new Job Support Scheme, extension of Self Employment Income Support Scheme, and flexibility for over one million businesses to pay back loans.
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A New Job Support Scheme to Run from 1 November

Posted: 24 September 2020
The scheme will protect viable jobs in businesses who are facing lower demand over the winter months due to coronavirus.
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Extended Tax Cuts and Deferrals to Help Struggling Businesses

Posted: 24 September 2020
The temporary 15% VAT cut for the tourism and hospitality sectors will be extended to the end of March next year.
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EY: How to prepare for Brexit in 2021

Posted: 15 September 2020
With over 100 days until the UK’s planned withdrawal from the EU, financial services firms need to be prepared for a no-trade deal Brexit.
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CJRS: How to Work Out 80% of Employees’ Wages, NI and Pension Contributions

Posted: 16 May 2020
HMRC updated their CJRS guidance. Learn how to work out 80% of your employees' wages, National Insurance contributions and pension contributions.
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Furlough Scheme Extended Until October

Posted: 13 May 2020
From August, furloughed workers will be able to return to work part-time with employers being asked to pay a percentage towards the salaries of their furloughed staff.
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£171,000

Posted: 28 April 2020
The average value of a Coronavirus Business Interruption Loan Scheme (CBILS) loan stands at £171,000.
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New Bounce Back Loans Scheme for SMEs to Be Launched Next Monday

Posted: 27 April 2020
Small businesses will be able to borrow between £2,000 and £50,000 and access the cash within days.
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