Late IR35 amendment shot down in parliament

An attempt to delay the off-payroll rules extending to the private sector by another two years has been defeated in parliament. The last-minute campaign for a two-year deferral was triggered by the economic fallout from the coronavirus pandemic. But MPs failed to vote...

Coronavirus loans’ bill passes £22bn

UK businesses have claimed more than £22 billion in Government loans and guarantees to support their cashflow during the coronavirus crisis. That includes more than £14.18bn in 464,393 bounce-back loans for small businesses, just two weeks after the scheme was...

HMRC fields two million SEISS applications

More than two million people have applied for government grants through the self-employed income support scheme (SEISS). The scheme aims to support self-employed workers in a similar way to the coronavirus job retention scheme for furloughed employees. It offers...