Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help.
Chancellor announces £1 billion fund for businesses
On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm.
Click here for the full story
Self assessment taxpayers must declare COVID grants on tax returns
HMRC has reminded self assessment taxpayers to declare any COVID-19 grant payments on their 2020/21 tax return.
Click here for the full story
HMRC waives self assessment penalties for one month to ease COVID-19 pressures
HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month.
Click here for the full story
Scottish Budget 2022
Finance Secretary Kate Forbes delivered the 2022/23 Scottish Budget on 9 December 2021, setting out the Scottish Government's financial and tax plans.
Click here for the full story
Welsh government delivers Budget
On 20 December 2021, the Welsh government outlined a Budget to 'build a stronger, fairer and greener Wales'.
Click here for the full story
FCA to introduce new consumer duty
The Financial Conduct Authority (FCA) is set to introduce a new consumer duty to better protect users of financial services.
Click here for the full story
HMRC latest guidance for employers
HMRC has published the latest edition of the Employer Bulletin.
Click here for the full story
Over 440,000 small firms at risk due to late payment crisis
More than 440,000 small firms could be forced out of business by the late payment crisis, according to the Federation of Small Businesses (FSB).
Click here for the full story