HMRC backflips on helpline closure announcements
HMRC has backflipped on this week's announcement that long periods of shutdown for self-assessment and VAT helplines,...
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A third of companies say they need government support to survive the next six months, with a similar proportion expecting to make redundancies according to ICAEW, which is calling for changes to business rates and targeted help to limit the economic damage of Covid-19.
A survey of 400 members working in businesses across every economic sector and UK region carried out earlier this month found three-quarters (76%) said their businesses had accessed one of the government’s loan or support schemes during the pandemic, while 63% had furloughed staff and 48% had deferred VAT payments.
Read more at the Accountancy Daily.