Business news
The latest business, tax and economic developments
In the world of business news, it’s easy to feel slightly overwhelmed, as you’re constantly bombarded by alerts and stories, half of which hardly relate to you. We feel that way sometimes, too. That’s why we created our business news section – dedicated to regular business owners like you. With one story a day with only the essentials, you’ll be able to keep up with the biggest business, tax and economic developments of the day.
CIOT: digital tax reporting rules should be better targeted
The CIOT has raised concerns over the potential costs and burdens on businesses.UK borrowing hits £19.1bn in February
Borrowing was £17.6 billion higher than the same period last year.HMRC publishes guidance on SME Brexit support scheme
Applications close on 30 June 2021.The furlough scheme, from now to September
The extension is expected to save 340,000 jobs, according to the OBR.Details of the “final” two SEISS grants
An extra 600,000 taxpayers are eligible for the fourth and fifth grants.CBI: Extend kickstart scheme by six months
The scheme is due to end in December 2021.Govt. publishes details of 2021 Finance Bill
Measures announced in the Budget will take effect from 6 April 2021.February CJRS deadline reminder
Furlough claims must be made by today.UK economy shrinks 2.9% in January, ONS reveals
The construction industry grew by 0.9% in January 2021.ICAEW urges HMRC to rethink MTD for corporation tax
Quarterly reports could place “additional burden” on companies.