In his 2021 budget announced in March, Mr Sunak promised tax reform in an attempt to raise £2.2 billion towards erasing the national deficit, alongside increased investment in compliance capabilities for HMRC to get tough on fraudulent furlough claims. HMRC Gets Tough The chancellor promised to sharpen up on fraud, tax avoidance and tax evasion, hoping to raise £2.2 billion over five years. We are...
September 2020 News Update – featuring additional news developments from our newsletter series Rishi Sunak has revealed his winter economy plan which replaces the autumn budget due to unprecedented economic uncertainty, resulting from the COVID-19 outbreak. These are provided by Credit Safe. Thousands of small to medium businesses in England could benefit from £20 million of government funding to help access new technology and other...
Rishi Sunak has revealed his winter economy plan which replaces the autumn budget due to unprecedented economic uncertainty, resulting from the COVID-19 outbreak, first detected in the UK in Spring 2020. Central to this winter economy plan is a new Job Support Scheme, an extension of Self Employment Income Support Scheme and over one million businesses to be afforded flexibilities, to help pay back government...
August 2020 News Update – featuring additional news developments from our newsletter series The second round of SEISS grants is open for applications from Self-Employed workers and can be accessed between 17th August until 19th October. Furthermore eligibility has been extended to new parents. Over 860,000 ‘Bounce Back Loans’ have been issued since the Coronavirus Business Interruption Loan Scheme opened in May, with new applicants...
HM Government has announced a new funding scheme to help businesses affected by Coronavirus. The Chancellor, Rishi Sunak, launched the scheme to help counter a distinctive problem encountered by smaller businesses unable to utilise the Coronavirus Business Interruption Loan Scheme (CBILS). The so-called “Bounce Back” loan scheme is 100% guaranteed by the Government unlike CBILS which is only guaranteed up to 80% with the banks...
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