Oct 21, 2020 | Current Affairs
The UK’s national debt hit a record £2.1 trillion at the end of September, an increase of £259.6 billion in the six-month period, as a result of the COVID-19 pandemic.According to the Office for National Statistics (ONS), during this period, borrowing equated to...
Oct 20, 2020 | Current Affairs
MPs on the Public Accounts Committee (PAC) have stated that they are “not convinced” by claims about the benefits that the Making Tax Digital (MTD) scheme will provide.The committee called for another assessment of the MTD scheme, to consider whether the...
Oct 19, 2020 | Current AffairsGovernment Announcements
Businesses are being urged by the Government to step up preparations so they are not “caught out” by new post-Brexit rules.With the end of the transition period approaching in just over eight weeks, ministers will hold talks with business leaders in a bid to ramp up...
Oct 16, 2020 | Business TaxCurrent Affairs
HMRC has received over 54,800 claims from customers using a new online portal which allows workers to claim tax relief for working at home.The portal, which was launched on 1 October, has been set up to process tax relief on additional expenses for employed workers...
Oct 15, 2020 | Current Affairs
Self-employed people who wish to apply for the second self-employment income support scheme (SEISS) grant must do so by 19 October.The second grant was launched as a result of the COVID-19 crisis and covers up to 70% of average trading profits between June and August,...
