The Treasury have warned that fraudulent use of the Bounce Back Loan will be prosecuted as allegations are rife in the press that the scheme has been abused. Many small and medium size businesses have made use of these loans but many business owners are perhaps not aware of the rules surrounding what the money …
The Government is facing pressure to drop the 2m (6ft) social distancing rule in England as reported by the BBC Was there ever complete science behind the 2 metre rule? I have tried to find it but I can’t. The World Health Organisation suggests a metre distance is safe based upon science which suggests most droplets …
Poundstretcher is the latest High Street name to consider a CVA (company voluntary arrangement) as reported by Sky news . This is to alleviate its COVID-19 trading woes, following on from the Administrations of Monsoon Accessorize, Oasis, Warehouse and Cath Kidston. Last week we reported that Hotel chain Travelodge was launching insolvency proceeding in the form of a …
The domestic reverse charge for the construction and building sectors will now come into force on 1 March 2021, and not 1 October 2020, HMRC has announced. This is the second time the Revenue has pushed back the date of the scheme, which means in future the customer receiving the service will have to pay …
Waiting times on HMRC’s helplines grew by 25% in the first quarter of the year, with the latest figures showing that the Revenue’s performance had worsened even before the Covid-19 pandemic hit the UK. HMRC’s own figures show that the average call waiting time in the first quarter of 2020 was more than six minutes, …
HMRC fails to hit own ‘customer service’ targets Read More »
The government’s furlough and CBILS programmes have meant the lowest level of insolvency in the UK for three years. Credit Safe has published May’s insolvency figures for the UK, with the caveat that once the economy restarts the situation will change. Those companies that are solely propped up by government funding will likely not survive …
Lowest monthly insolvency figure for three years Read More »
