Jun 20, 2022 | Government Announcements
HMRC's late payment penalty fees are being revised following the Bank of England's decision to increase interest rates. The changes will come into effect on 27 June for quarterly instalment payments and 5 July for non-quarterly. HMRC's repayment interest rate will...
Jun 15, 2022 | Government Announcements
The Government has extended the eligibility criteria for its Help to Grow: Management scheme this week (Tuesday 14 June). Previously, only one person per business could take part in the scheme but now businesses with 10 or more employees can register two people to...
Jun 8, 2022 | Government Announcements
Ministers are preparing to launch a £3 billion-a-year loan scheme to replace the emergency financial support introduced for businesses during the pandemic, according to the Financial Times. The loans will come with stricter requirements compared to the previous...
May 30, 2022 | Government Announcements
Chancellor Rishi Sunak has announced the proposed £200 loan for energy bills will now be doubled from October, and will no longer need to be repaid. Part of a £15 billion support package to help tackle the cost of living, low-income earners and the more vulnerable...
May 27, 2022 | Government Announcements
Chancellor Rishi Sunak has introduced a "temporary targeted profits levy" on the unexpected profits of energy companies, U-turning on the Government's previous position. The 25% tax will apply on the unanticipated profits energy companies have made during the period...
