News
Extend furlough scheme to summer, warns BCC
Around four million UK workers were furloughed at the end of December.Over 900,000 UK firms ‘at risk of failing by April’
Around 15% of businesses are at “great risk” of imminent closureIFS: UK tax system ‘discourages employment’
Employees’ salaries currently attract more in tax than self-employed individuals.Firms call for urgent action to reduce unemployment
Unemployment increased to 5% in the three months to November 2020.HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.Millions to face fines if self-assessment tax return deadline missed
Taxpayers could face fines totalling to £250 million.Big businesses to reduce payment times to small suppliers
50,000 small firms close every year due to late payments.HMRC reminds taxpayers of time-to-pay option
Self-assessment taxpayers can spread payments over up to 12 months.Rising living wage set to drive up employer costs
23-year-olds to get highest NLW hourly rate for the first time.
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