People who file their tax returns late won’t face a fine this year, as long as they can show that the delay was due to coronavirus.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Elon Musk set to launch into UK broadband market
Elon Musk is poised to compete with the government’s Oneweb satellite broadband service after his Starlink venture was cleared by the UK communications regulator.
MPs launch investigation into Insolvency firms after scandals
MPs have opened an investigation into the insolvency profession after criticism from businesses about their objectivity standards.
PGA strips major golf championship from Donald Trump’s Bedminster course
The PGA of America has announced that it has moved the 2022 PGA Championship from Donald Trump’s Bedminster course in the wake of the invasion of the US Capitol.
Lockdowns here to stay, even with vaccine plan
More lockdowns and social distancing – even with a global vaccine rollout in place.
Brexit prompts relocation of group content division to Ireland
International media group Capital Business Media has relocated its UK content marketing and SEO division to Ireland in response to the UK’s exit from the EU on January 1st.
Lending to SMEs hit £54 billion in first nine months of 2020
Banks lent twice as much to small and medium-sized businesses in the first three quarters of 2020 as in the whole of 2019. Gross lending to SMEs reached £54 billion between January and September, UK Finance, the trade body, said.
We could save £6bn chasing Covid loans, claim debt collectors
Taxpayers may recover an extra £6 billion in repayments from emergency Covid-19 support loans if the government uses debt collection bodies to work closely with borrowers over several years, an industry report says.
Grant Thornton sued for £200m over Patisserie Valerie audit ‘negligence’
Liquidators to Patisserie Valerie have launched a £200 million legal claim against Grant Thornton, auditor of the cake chain that collapsed amid a suspected fraud.
Bitcoin pushes towards $40,000 mark
Bitcoin nudged the $40,000 level yesterday at $39,999, helping to inflate the value of the cryptocurrency market above $1 trillion for the first time.
Christmas Covid rules boosted Sainsbury’s food sales
A last-minute rush for smaller turkeys after Christmas Covid rules were tightened and a boom in online grocery deliveries has boosted J Sainsbury’s profit expectations.
British Gas staff start five-day strike over pay and conditions
British Gas engineers will launch a five-day strike from Thursday in a dispute over pay and conditions.
Stationery chain Paperchase on brink of administration
Stationery chain Paperchase is on the brink of administration amid struggling sales.
Shoppers told not to buy more than normal
Supermarkets are seeking to reassure shoppers that there is no need to bulk-buy products as new lockdown restrictions come into force.
UK new car registrations in 2020 sink to 30-year low
New car registrations fell to their lowest level in nearly three decades last year, according to preliminary figures from the industry’s trade body.