Breaking news
HMRC is still waiting for 4.9million people to file their 2019/20 tax return in time for the 31 January deadline. So far 7.2million people have completed their self-assessment form, and HMRC said it expected the total figure to reach 12.1million. If you file after the deadline, you will receive an automatic fine of £100. Last … Read more
A record number of buy-to-let landlords set up holding companies for their properties last year, in a bid to swerve higher taxes. There were 41,700 new companies were formed in 2020 – an increase of 23 per cent on 2019, according to estate agent Hampton International. Buy-to-let incorporations were the second most common type of … Read more
At least 250,000 small businesses could shut up shop for good this year, according to the Federation of Small Businesses. Confidence is at an all-time low and a record number of businesses revealed plans to close their firms in the coming 12 months, its latest Small Business Index shows. Meanwhile, one in five SMEs reduced … Read more
Business owner Justin Gilchrist can appreciate the irony, albeit through gritted teeth. His company, South Catering, is not eligible for any of the Government’s hospitality grants. Before the pandemic hit, the Manchester-based business was one of the leading caterers for corporate launches, conferences and meetings in the North West. Now business is at a standstill. … Read more
The hospitality sector has shared its outrage over being unfairly scapegoated when Covid-19 infections rose last year and has called for its own designated minister. Next Monday will see parliament discuss the Seat at the Table’s campaign’s petition, after it received almost double the required signatures it needed to get it there. The campaign has … Read more
Tax return time: HMRC issues scam warning, as self-assessment deadline looms and millions still haven’t filed 5.4m taxpayers had not completed their return as of last week HMRC warns people to look out for copycat websites and phishing scams Around 2,700 taxpayers filed their self-assessment return on Christmas Day By Ed Magnus For Thisismoney.co.uk Published: … Read more
A fifth of UK adults want to start their own business this year but some are still cautious, wanting either further support or a less uncertain environment. The UK’s Start-up Appetite, a report conducted on behalf of small business support network Enterprise Nation and Government-backed funding scheme Start Up Loans, found many still have entrepreneurial … Read more
When the Government announced GCSE examinations were to be cancelled in 2020 due to the coronavirus pandemic, emotions were high and reactions were varied. While parents were panicking, and teenagers were revelling in the fact they no longer needed to revise, 16-year-old Laurence Moss from Kent focused on building his business. ‘Having launched in 2018 … Read more
Worried about your job prospects this year? You are not alone. Employment opportunities are looking bleak for many. The pandemic has already resulted in hundreds of thousands of job cuts – many in the retail, leisure, hospitality, travel and entertainment sectors – and more are expected as businesses continue to struggle. But thankfully, for those … Read more
British businesses have faced some of their darkest days this year, as Covid-19 lockdown restrictions have battered the economy. In a poll conducted before the November lockdown, one in seven enterprises told the Office for National Statistics they had little or no confidence of surviving the next few months. Meanwhile, 1.69 million people were unemployed … Read more