Business news
The latest business and financial issues making the headlines.
IPPR: 600,000 firms could collapse without further support
Up to nine million jobs may be affected without an extension.VAT reverse charge reminder
The charge comes into effect from 1 March 2021.Record annual slump for UK economy in 2020
COVID-19 prompts UK GDP to fall by 9.9%.Govt. unveils £20m SME Brexit support fund
The grants are worth up to £2,000.CBI calls for further COVID-19 support
Failing to extend existing support will “stunt economic recovery”.1 in 3 house sales collapse as stamp duty deadline looms
29% of proposed purchases fell through in January.FSB: Govt. must extend business rates relief to 2022
The organisation is urging for the threshold to be changed.Firms get more time to repay bounce-back loans
Repayments can be spread over ten years, rather than six.COVID-19 business lending passes £71bn
Around 1.4m firms have accessed BBLs since May 2020.1.8 million taxpayers still to file self-assessment returns
Over 10.7 million people submitted their 2019/20 return by the deadline.
Looking to grow? Take the next step
From compliance to growth, our accounting firm in Derby has you covered. Call us to see how we can help.