Smaller businesses across England received £21.3bn through the Covid-19 local authority business support grants scheme, but fraud levels were high. Estimates show that an estimated £1.03bn of grants were made…
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Three out of five companies expect to increase their prices in the next three months due to the continuing supply chain disruption, soaring inflation, and rising energy costs The 58%…
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The Chancellor has announced a £1bn support package including grants for the hospitality sector and a sick pay rebate scheme as omicron variant spreads Businesses in the hospitality and leisure…
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The latest figures on use of the Coronavirus Job Retention Scheme show that 11.7m jobs were supported by furlough throughout the pandemic, highlighting the risk of HMRC investigations Since the…
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The government’s measures to prevent fraud in its bounce back loan scheme (BBL) have been labelled inadequate by National Audit Office (NAO) and were introduced too late. A report…
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HMRC stopped less than £30m worth of furlough claims in the first year of the Coronavirus Job Retention Scheme (CJRS) Figures obtained through a Freedom of Information (FOI) request revealed…
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A third of UK owner-managed businesses report lower cash reserves now than when going into the pandemic but a worrying percentage do not plan to pay back covid loans. However,…
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With the UK’s tax debt more than double pre-pandemic levels, current staffing at HMRC is unlikely to be enough to manage the increased tax debt workload warns National Audit Office…
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The number of people on furlough fell to a record low during its last month of operation with a further 210,000 coming off the scheme according to the latest figures…
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The latest red flag research by Begbies Traynor recorded that 562,550 businesses were in ‘significant financial distress’ in the third quarter 2021 (Q3) The figures show that the numbers have…
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