£1.1 billion of Covid-19 loans flagged as fraud

A new report shows that £1.1 billion worth of loans provided through the Government's bounce-back loan scheme (BBLS) have been marked as suspected fraud. The Department for Business, Energy and Industrial Strategy (BEIS) released a document on Monday (5 September) on...

Advisory fuel rates update

HMRC has published the latest advisory fuel rates (AFR) for company car users, which see mileage rates increase by at least 1p for most petrol and diesel vehicles. Effective from 1 September 2022, the AFR for petrol and diesel vehicles with engines of 1400-2000cc has...

Charity powers expanding this autumn

The Charity Commission has announced key financial governance changes coming into effect this year. The changes, which will start from autumn and continue to roll out until next year, will change how charities sell, lease or transfer land, while giving greater...

Energy bill grants split over six payments

The Government has announced a £400 energy bill grant will be paid to customers over six payments to help households cope with the cost of living crisis. As part of an £11.7 billion energy support package, some 29 million households will receive grants to help pay for...

PAYE direct debits to start for HMRC

HMRC has confirmed that employers will be able to set up recurring direct debits for pay as you earn (PAYE) payments this year. employers can currently pay their PAYE contributions via direct debit, but only as a one-off. Including recurring direct debits is part of...