Jun 5, 2020 | Current Affairs
More than 745,000 businesses in the UK have taken advantage of government-backed coronavirus loans worth £31.3 billion. Bounce-back loans accounted for £21.3bn, £8.9bn in business interruption loans went out, followed by £1.1bn in large business interruption loans. In...Jun 3, 2020 | Current Affairs
Individuals who fraudulently claimed coronavirus grants are in HMRC's sights, following a proposed amendment to Finance Bill 2019-21. In draft legislation posted on GOV.UK, the Revenue outlines how it will be able to recover payments where a recipient was not...May 29, 2020 | Current Affairs
Chancellor Rishi Sunak is being urged to extend the self-employed income support scheme (SEISS), which ends this weekend. The scheme pays lump sums worth 80% of total profits, up to £2,500 a month, over a three-month period starting from March 2020. More than two...May 28, 2020 | Current Affairs
The number of employees who are covered by the Government's furlough scheme has passed 8.4 million, according to the Treasury. That means 30% of the UK's 28m employees were covered by furlough scheme on 24 May 2020. The scheme, formally known as the coronavirus job...May 20, 2020 | Current Affairs
UK businesses have claimed more than £22 billion in Government loans and guarantees to support their cashflow during the coronavirus crisis. That includes more than £14.18bn in 464,393 bounce-back loans for small businesses, just two weeks after the scheme was...