News Latest News for Business Click on a headline to read the full story. 05 Nov 2020Furlough scheme extendedOn 5 November, Chancellor Rishi Sunak announced that as part of the new national lockdown the Coronavirus Job Retention Scheme (CJRS) has been extended until the end of March 2021. 05 Nov 2020Increased support made available for the self employedThe government has increased the support available to self-employed workers and extended its emergency business loan schemes. 05 Nov 2020Chancellor approves grants for businesses closed by lockdownChancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown. 05 Nov 2020Self assessment customers to benefit from enhanced payment plansSelf assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. 05 Nov 2020Taxpayers claim tax relief for working from homeHMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home. 05 Nov 2020Brexit imports and exportsFrom 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. 05 Nov 2020ATT issues last call for firms seeking to use increased Annual Investment AllowanceThe Association of Taxation Technicians (ATT) has issued a last call for businesses looking to make use of the increased Annual Investment Allowance (AIA). 05 Nov 2020Latest guidance for employersHMRC has published the latest issue of the Employer Bulletin. 02 Oct 2020Job Support SchemeThe existing job support scheme, the furlough scheme, comes to an end on 31 October. 02 Oct 2020Winter Economy Plan support for the self-employedAs part of the Winter Economy Plan the Self-Employment Income Support Scheme (SEISS) will be extended under the name SEISS Grant Extension. 02 Oct 2020VAT deferral and enhanced Time to Pay for self assessmentAs part of the Winter Economy Plan the government has announced options for deferred VAT and income tax self assessment payments. 02 Oct 2020Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan SchemesThe government has announced options to extend terms and change payments. 02 Oct 2020The VAT reverse chargeHMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021. 02 Oct 2020Ministers announce new grants for businesses affected by local lockdownsBusinesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every three weeks. 02 Oct 2020New trade arrangements with the EU from 1 January 2021HMRC has sent letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world. 02 Oct 2020House sales rise following the introduction of stamp duty holidayThe government has announced that residential property transactions rose in August following the introduction of a stamp duty holiday. Archive NewsClick here to access our full archive
