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 MOREAction urged on £107bn ‘unsustainable’ business debt
By March next year, UK businesses are likely to face between £97bn to £107bn of unsustainable debt, around half of it owed by SMES, according to research from an industry taskforce which says failure to reduce this debt burden will risk their recovery from the Covid-19 crisis.
TheCityUK Recapitalisation Group (RCG), which is supported by EY, calculates that in a year’s time small businesses could face an unsustainable debt burden of between £35bn-£40bn, with medium-sized businesses have between £16bn-£17bn of debt.
Read more at the Accountancy Daily.
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UK jobs outlook gloomiest in nearly 30 years amid coronavirus pandemic
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