Last month, as part of the Treasury’s COVID-19 economic recovery response, Rishi Sunak announced a reduction in VAT for hospitality and entertainment industries from 20% to just 5%. The changes came into effect on 15 July and apply to supplies of food, accommodation and admissions to attractions. The government has published its full list of […]
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Over four months ago the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) was introduced. Since its launch, over 55,000 UK businesses have been approved for £12.2 billion in CBILS funding*. But whilst there’s been a massive uptake of the scheme, many businesses are still struggling to access the funds they need from their main business […]
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In the Fintech world and beyond, we’ve been watching the collapse of Wirecard in recent weeks. Wirecard revealed ongoing fraud amounting to nearly €2 billion worth of fabricated funds, and filed for insolvency at the end of June. The FCA was quick to stop all activity for a week to protect Wirecard customers, but this […]
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The British Government was quick to implement a generous stimulus package of financial help for businesses in the UK when we went into lockdown. With the Coronavirus Business Interruption Loan Scheme (CBILS), small and medium sized businesses with an annual turnover of up to £45 million can borrow up to £5 million in government-backed loans, […]
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The rise of ‘e-leadership’ and having virtual teams spread across different geographies has picked up greatly over the past two decades. It’s never been so easy to connect with experts across the globe without having to travel. After several months of working from home during lockdown, we’re all now pretty well adjusted to this set […]
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There’s been discussion and moves to push through IR35 reforms for quite some time, and the latest round had been planned for April 2020. Obviously COVID-19 changed HMRC’s priorities and the original date was scrapped. Despite criticism and a 67-page report from the House of Lords describing the reforms as unfair on contractors and burdensome […]
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