News
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Stamp duty temporarily reduced
Published by Michael Graves on Wed, 22/07/2020 - 4:55pm -
Chancellor unveils three-point plan for jobs
Published by Michael Graves on Wed, 22/07/2020 - 4:51pm -
UK200Group announces their Academies market share increases to 14% this year
Published by Michael Graves on Fri, 17/07/2020 - 2:02pmThe number of academies in existence throughout the UK has increased, and we are pleased to announce that the UK200Group member firm’s share of this market has followed suit and has also increased. The total figures were released to the member firms, including Griffin Chapman, at the UK200Group Academies Webinar that took place on 2nd July.
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Summer Economic Statement - Plan for Jobs
Published by Michael Graves on Wed, 08/07/2020 - 1:34pmThe Chancellor Rishi Sunak today set out a ‘Plan for Jobs’ that will spur the UK’s recovery from the Coronavirus outbreak.
Full details: https://www.gov.uk/government/news/rishis-plan-for-jobs-will-help-britai...
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MPs open inquiry into £155 billion of tax reliefs
Published by Michael Graves on Thu, 18/06/2020 - 4:45pmThe Public Accounts Committee (PAC) has opened an inquiry into the UK's management of £155 billion of tax relief.
The inquiry follows the February publication of a National Audit Office (NAO) report that identified over 300 such tax interventions, totalling £155 billion per year.
The NAO raised concerns about the effectiveness of management of tax expenditures by the Treasury and HMRC.
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UK sets out post-Brexit tariff regime
Published by Michael Graves on Thu, 18/06/2020 - 4:42pmThe UK government published its plans for a new import tariff regime following the end of the Brexit transition period.
Following its departure from the EU, the UK has the ability to set its own rules and charges.
The scheme includes the abolition of tariffs on imports worth over £30 billion, although economists say the impact on the cost of living will be small.
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Changes to insolvency and company law going through Parliament
Published by Michael Graves on Thu, 18/06/2020 - 4:37pmThe government is making changes to insolvency and company law as a result of the COVID-19 pandemic.
The Corporate Insolvency and Governance Bill outlines that struggling companies will be given extra time to consider rescue plans presented to them. As part of the changes, companies will have 20 business days to consider a rescue plan, which can be extended to 40 days at the discretion of creditors or the Court.
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Future Fund launches to give start-ups coronavirus support
Published by Michael Graves on Wed, 17/06/2020 - 10:31amOn 20 May 2020, the government launched its Future Fund package, which aims to support start-up businesses not eligible for other COVID-19 rescue measures.
The Future Fund offers government loans of between £125,000 and £5 million to UK-incorporated companies, provided private investors at least match the funding supplied by the state.
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The Coronavirus Job Retention Scheme is changing
Published by Michael Graves on Tue, 09/06/2020 - 1:31pmFrom 1 July, employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able to claim the Coronavirus Job Retention Scheme grant for their normal hours not worked. When claiming the grant for furloughed hours employers will need to report and claim for a minimum period of a week.