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Over £46 billion borrowed through Bounce Back loans April 1, 2021

More than 1.5 million Bounce Back loans have been taken out since the coronavirus (COVID-19) support scheme was launched last May, with borrowing by businesses now over £46 billion, according to the Treasury. The existing loan structure is set to be replaced in April with a new Coronavirus Recovery Loan Scheme, although application details have
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Business rates relief extended with £1.5 billion fund April 1, 2021

The government is to extend business rates relief with a £1.5 billion fund targeted at those businesses unable to benefit from the current coronavirus (COVID-19) support. Retail, hospitality and leisure businesses have not been paying any rates during the pandemic as part of a 15 month-long relief which runs to the end of June this
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Government publishes range of consultations to help modernise UK tax system April 1, 2021

The government has published a range of tax documents and consultations designed to help modernise the UK tax system. More than 30 policy updates, consultations and documents have been published in an effort to give tax professionals more time to scrutinise them. These documents, which would traditionally have been published at the Budget, include a
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HMRC to accept bulk appeals for late tax returns due to pandemic March 25, 2021

Tax agents and accountants will be able to send bulk appeals against late filing penalties for tax returns filed after 28 February due to the coronavirus (COVID-19) pandemic, HMRC has announced. HMRC has already said that penalty notices will not be issued to anyone who was unable to file their 2019/20 self assessment tax return
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Thousands missing out on Tax-Free Childcare bonus March 25, 2021

Thousands of families across the UK are missing out on the chance to save money on the costs of childcare, HMRC has revealed. Tax-Free Childcare (TFC) permits parents and carers who have children aged up to 11 (17 for children with disabilities) to pay their childcare provider via the scheme and receive a 20% government
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