Homeowners that buy a property that has an annexe and therefore believe they have purchased two properties and can claim stamp duty relief may be disappointed, say leading tax and advisory firm Blick Rothenberg. Sean Randall, a partner at the firm said: Last month a tribunal ruled against two individuals that appealed against HMRC’s decision […]
The UK has now been in an enforced lockdown for ten weeks, with very little clarity on how and when normal life will resume. But business owners have been taking matters into their own hands, proactively pivoting and innovating their standard services to maintain the British economy and, in turn, keep the nation going. Keep […]
An award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the Covid-19 pandemic has secured its future with the support of Bank of Scotland. Kinloch Lodge, a family-run 19-bedroom hotel, relies heavily on revenue from international tourists so the ban on overseas travel hit it hard. Some […]
IPSE (the Association of Independent Professionals and the Self-Employed) has welcomed the announcement that the government is extending the Self-Employment Income Support Scheme (SEISS) until August. However, IPSE has also warned that the government has “patently forgotten” groups like limited company directors and the newly self-employed and urged it to do more for them. The […]
Responding to the chancellor’s latest announcement, Helen Dickinson OBE, chief executive of the British Retail Consortium said: “Retailers are working extremely hard to prepare shops for reopening and we welcome the furlough scheme extension which will continue to provide much-needed support. “Businesses, however, will remain under pressure as discretionary spending is likely to remain subdued […]
Landbay, one of the UK’s leading buy-to-let lenders, today launches a new product range, with loan to values up to 75% LTV. Landbay, which is institutionally funded, has continued to lend on buy-to-let properties throughout the lockdown. Rates on the new range start from 3.39% and it will also lend both on large and small […]
The chancellor’s announcements on the Job Retention Scheme are welcomed and more generous than anticipated, but the flexible furlough could lead to higher government costs and hit productivity, say leading tax and advisory firm Blick Rothenberg. Nimesh Shah, a partner at the firm said: “To take advantage of the flexible furlough scheme, businesses will need […]
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors, with loans from £2k up to 25% of the business’ turnover with a maximum […]
Due to the Covid-19 pandemic, accountants have ‘crashed in’ to their new role as ’24-Hour Digital Accountancy People’ according to Prism’s new whitepaper, ‘Digitising Accountancy: Breaking New Ground In A Challenging World’. Covid-19 is fast-tracking digital transformation in companies, and therefore accountants. According to Prism: “The business world operates 24/7 and accountants need to realise […]
The latest production figures, released today by SMMT, highlight just how devastating coronavirus has been for the UK automotive sector. Over the course of April, car manufacturing plummeted by -99.7%, with just 197 units made, the lowest level seen since World War Two. All of the cars that left factory gates in the month were […]
