Hundreds of thousands of small business owners who have lost money during the pandemic crisis will be able to claim more than £1bn in tax relief to help mitigate losses. The Government announced an emergency extension to ‘loss carry back’ rules in the Budget at the start of the month. The move will enable businesses … Read more

Industry groups have warned the collapse of the UK’s trade with the EU will continue into the summer following the failure to recruit as many as 30,000 customs agents, despite government assurances that normal service has resumed. Delays and confusion at Britain’s ports, resulting in 40pc of lorries crossing the Channel with empty containers, threatens … Read more

HMRC has emailed thousands of freelancers to explain how the fourth Self-Employment Income Support Scheme (SEISS) grant will work and how to apply. Chancellor Rishi Sunak announced details of the grant in Wednesday’s Budget. The tax office is contacting workers who may be eligible for the fourth SEISS grant from mid-April to explain how they … Read more

Chancellor Rishi Sunak is to offer 700,000 shops, pubs, hotels, restaurants and other businesses, grants of up to £18,000 each as part of a £5bn rescue scheme to prevent mass bankruptcies. As companies struggle to withstand the latest Covid19 lockdown in a strong enough position to reopen, the plan to be announced in Wednesday’s budget … Read more