OBR predicts UK economy will shrink by over a third
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 OBR said that the outcome was…
Blog Posts
Government borrowing could rise to £300 billion
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. The think tank has been…
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…
Government launches small business micro loan scheme
On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown….
Changes to Coronavirus Support Measures
On Friday the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme. Whilst not all details have…
Furlough scheme extension
Following announcements by the Chancellor on 12 May on extending the period of furlough support we wanted to update you with the latest information on the Coronavirus job retention scheme. …
Coronavirus Guide
We have summarised all the advice and measures we are aware up to 6 May 2020 in this complete guide. We hope you will find it useful. Covid Guide
Coronavirus News Roundup 3 April
After last week’s barrage of emails on new support schemes being setup by the government on a daily basis, this week has been more about clarifications. We thought it would…
Job Retention Scheme – Clarifications
Since the government announced its job retention scheme we have been inundated with calls from clients asking about details. We are not always able to answer these as not all…
Coronavirus update – Changes in Simpson Wood practices
Please click here for all our posts around Coronavirus 24 March 2020 We are temporarily closing our office from the end of today until the current restrictions are lifted. …
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