Category: Articles

For many companies, the various measures that the government has introduced to help mitigate the impact of COVID-19 will not be enough.

The Companies (Miscellaneous Reporting) Regulations 2018 introduced several new and enhanced disclosure requirements for UK companies, effective from periods commencing 1 January 2019.

The optimistic outlook that emerged following the General election has long-since vanished. Nobody could have foreseen the shock effect a virus would have on business, borders and daily life – and the markets continue to struggle with the uncertainty about the length and severity of the disruption that COVID-19 is causing.

The Chancellor recently announced further changes to Entrepreneurs’ Relief (ER) or Business Asset Disposal Relief, as it is now known. These affect disposals on or after 11 March 2020 and certain disposals before that date.

In his Spring Statement, Chancellor Rishi Sunak announced that the Government will invest £48.8m in a new public sector counter fraud authority over the next three years to “step up” efforts against fraud and “recover millions of pounds”.

Funding your business through bank loans, asset finance, crowdfunding, grants and more.

The contactless limit on the amount you can spend using contactless bank and credit card payments increases today (15 October) from £45 to £100.

After a significant wait (498 days) since the last Budget – not to mention a change of Prime Minister and subsequent General Election – the scene was set for a package of fundamental changes to the UK tax system.

Many insurance brokers are likely to be affected by new rules for employment status workers hired via an intermediary. The Government is to review these changes, which may delay their scheduled introduction in April. Whichever way, Chris Riley explains how to prepare.

Since its introduction in October 2018, the Insurance Distribution Directive (IDD) is proving more difficult to implement that expected. David Allison of Compliance Management Services reports on the sticking points.

In June 2019, the FCA published its consultation paper CP19/20 ‘Assessing Adequate Financial Resources’.

Even assuming an EU:UK Trade Agreement comes into force on 31 December 2020, the insurance sector is unlikely to benefit. Howard Jones explains why setting up a NewBro is the best solution to keep control of corporation tax and VAT.