Self-Employed Warned Of Tax Sting In SEISS Schemes

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SEISS Scheme Tax Stings

SEISS, aka the Self-Employment Income Support Scheme, was extended last week to provide ongoing support, although those working for themselves have been warned of the tax implications of the scheme. SEISS was implemented earlier in the year as the impact of the coronavirus, especially of the lockdown, began to be felt by the self-employed. Initially … Read more

Financial Support For Self-Employed ‘Being Considered’

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Support for self-employed during lockdown

As England prepares to enter a second lockdown on Thursday, Michael Gove, Minister for the Cabinet Office, has hinted that the self-employed could be given additional financial support. The support would last for the duration of the new national lockdown and comes after the furlough scheme, which had been due to end in October, was … Read more

SME Housebuilders Forecast Lower Growth

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SME housebuilders predict slower growth

A majority of SME housebuilders have forecast lower growth due to the pandemic, a new survey by the Home Builders Federation (HBF) and Close Brothers Property Finance reveals. Overall, 65pc of SME housebuilders have forecast subdued growth. 39pc of these predict business will fall by 10-50pc, while 26pc expect a reduction in the region of … Read more

Banks To End Free Accounts If Rates Turn Negative

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Negative interest rates

Banks could start charging for basic services if interest rates turn negative, the boss of Virgin Money has warned. CEO David Duffy said, to test which services customers would be willing to pay for, banks would make ‘slow and incremental’ changes over the next three to five years. He added that although a decision will … Read more

Sunak’s New Plan To Protect Firms Forced To Close

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Protection for closed businesses

On Friday, Chancellor Rishi Sunak announced an expansion of the job support scheme to protect workers and firms forced to close during coronavirus lockdowns this winter. The development comes against a background of slowing economic growth, new government restrictions and increasing job losses as the first furlough scheme is about to come to an end, … Read more

10pm Curfew ‘Last Straw’ For Hospitality Sector

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Curfew for hospitality

The hospitality industry feels it has been left high and dry by No 10, as takings plunge following the imposition of a counterproductive curfew. Sales at pubs, bars and restaurants fell by more than one third compared to the same period last year after a 10pm coronavirus curfew was implemented across most of the UK, … Read more