HMRC extends late reporting deadline for CGT
HMRC has confirmed it will not charge penalties for the late reporting of capital gains tax (CGT) on disposals of UK residential property by UK residents made by 31 July 2020.
HMRC has confirmed it will not charge penalties for the late reporting of capital gains tax (CGT) on disposals of UK residential property by UK residents made by 31 July 2020.
On 20 April 2020 the government's Coronavirus Job Retention Scheme went live for applications.
On 27 April 2020 the UK's seven largest small business lenders announced they had relaxed their evidence requirements for applications to the Coronavirus Business Interruption Loan Scheme (CBILS).
HMRC has released guidance on the COVID-19 Self-employment Income Support Scheme.
The Office for Budget Responsibility (OBR) has warned that the UK economy could shrink by 35% this quarter due to the COVID-19 crisis.
The UK government launched an online platform to help businesses access financial support during the COVID-19 crisis.
On 4 May 2020 the government launched the Bounce Back Loan Scheme.
The Centre for Policy Studies (CPS) has suggested that government borrowing may rise to £300 billion in 2020 as a result of the COVID-19 pandemic.
Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have been urged to cancel their direct debits 'as soon as they can'.
From 1 April the spending limit for contactless card payments rose from £30 to £45.