HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MORE40% default rate predicted on CBIL and bounce back loans
The Office for Budget Responsibility has predicted a default rate of 40.4% on bounce back loans and (BBL) and Coronavirus business interruption loans (CBIL) finance to SMEs, with £27.2bn of loans expected to be written off.
Purbeck Personal Guarantee Insurance is urging the 59% of businesses revealed to have borrowed more than 20% of their turnover, to calculate their repayments and heed the insolvency warning signs.
Read more at Accountancy Daily.
Previous
UK's economic recovery may be quicker than forecast – Bank of England
Next
Businesses can apply for grants under SME Brexit Support Fund
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
READ MORE