Small business news roundup-02nd July 2021

HMRC to go easy on small business strangled with Covid debt Kwasi Kwarteng, the business secretary, says HMRC will not press businesses to pay overdue tax immediately if they are struggling with coronavirus-related debt. With the UK at the final stages of lockdown, small businesses fear they cannot pay overdue debt and tax due to …

Small business news roundup-25th June 2021

UK Covid LIVE: PM to announce on Monday if lockdown can lift on July 5 as Hancock says data ‘looking encouraging’  With everyone hoping that Freedom Day is not far away, an announcement from Boris Johnson on Monday will determine if the final restrictions can be lifted earlier than the pushed back date of 19th …

Small business news roundup-18th June 2021

UK jobs market showing signs of recovery With the increase in vaccinations and more businesses reopening, the job market is now showing signs of recovering – unemployment rates are falling and the number of job vacancies is rising. This however doesn’t apply to the younger generation where unemployment in hospitality remains high. Reports suggest that …

Small business news roundup-28th May 2021

Small businesses selling into EU face £180m in extra red tape costs For the first time small businesses that sell into the Europe will be required to register for VAT. The new EU One-Stop-Shop rules, which will be introduced on July 1, are designed to stop an estimated €7bn in annual VAT fraud by non-EU …

Small business news roundup-21st May 2021

Some small business owners still haven’t received their Restart Grant A number of business owners haven’t yet received their restart grant despite being launched at the beginning of April. This grant was set to help non-essential businesses, who were forced to close, reopen after lockdown. What can I do if I haven’t received my Restart Grant? …

Small business news roundup-14th May 2021

Small business owners who duck out of repaying Covid debt face ban With many loans being provided over the course of the pandemic for businesses who are suffering, the reality of paying these back is in full force. Reports now suggest that if small business owners do not repay their debt, they could be banned …

Small business news roundup-07th May 2021

2020 named ‘Year of the Start-up’ with record 770,000 UK businesses created A huge 770,000 new businesses were created in 2020, with the majority of these being online businesses. Starting a business is an exciting time but the learning curve can be huge, fortunately we are here to offer a helping hand and support. Here …

Small business news roundup-30th April 2021

150 UK small business grants to apply for right now – UPDATED  Are you a small business in need of some funding? The Prince’s Trust Enterprise Programme Under the Youth Can Do It scheme, The Prince’s Trust is working with 18-30-year-olds to help them develop their businesses. The programme is divided into four sections: Info …

Small business news roundup-23rd April 2021

Mortgage scheme launched for 5% deposits A new government scheme is allowing high street lenders to offer mortgages with a deposit as little as just 5%. This is to allow more first-time buyers to secure a home and get onto the property ladder, whilst also helping people cope with the increasing house prices over the …

Small business news roundup-16th April 2021

Exports to EU partially rebound after January slump – as wider economy returns to growth Trade levels have been affected – not only by the Brexit transition period, but also COVID restrictions. The Office for National Statistics confirm that, although there was a 46.6% rise in EU export sales in February, they are still well …