Treasury issues job retention bonus guidance

The Treasury has attempted to clarify how businesses can claim the job retention bonus from next year.The bonus will work alongside the new job support scheme, which was introduced to continue to support jobs through the UK’s economic recovery from the COVID-19...

37% of UK employers to make staff redundant

A third (37%) of UK employers are likely to make staff redundancies in the next three months, as a result of the coronavirus job retention scheme closing at the end of October.According to new research by the Advisory, Conciliation and Arbitration Service (Acas), that...

AAT urges Chancellor to write off BBLS for SMEs

The Association of Accounting Technicians (AAT) has urged Chancellor Rishi Sunak to write off coronavirus bounce-back loans to help the UK economy recover amid the ongoing pandemic.So far, the bounce-back loan scheme, backed by the UK Government, has provided over £38...

Rise in company registrations prompts BBL fraud concerns

Companies House has revealed an increase in the registration of new companies after the bounce-back loan scheme was introduced, prompting concerns around fraudulent loan claims.At the end of June 2020, there were 4,513,392 companies on the total register and 4,100,323...