Government confirms changes to ‘flexible’ furlough scheme
The UK government has confirmed the latest set of changes to its “flexible” furlough scheme - dubbed CJRS V2 -...
Saturday, July 4, 2020
Economy
Revised ONS data reveals greater GDP drop in Q1 2020
The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards...
Supreme Court rules against Mastercard and Visa in interchange fees battle
Visa and Mastercard could be set to pay billions in compensation to some of the UK’s top retailers following a...
UK GDP slumps over 20% in April as full impact of Covid-19 is felt
GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from...
UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic
The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with...
Industry taskforce calls for action on Covid-19-related SME debt challenge
A new industry taskforce has published its early-stage thinking on how the private sector can support UK SMEs to manage...
AAT welcomes movement for online platforms to collect and remit VAT
The Association of Accounting Technicians (AAT) has welcomed recent reports suggesting HMRC plans to end the status of online marketplaces...
Over £5bn worth of late tax payments made in March as coronavirus crisis bites
HMRC added £5.05bn worth of late paid taxes to its debt collection systems in March 2020 as the effects of...
HMRC tax scams on the rise
The number of scam emails from those impersonating tax officials has reportedly “skyrocketed” since the beginning of the year, according...
Admission of unpaid expat tax surges
The number of expats who admitted leaving UK tax unpaid surged to 867 last year, up from 66 in 2017/18,...
