G7 announces global tax agreement

The G7's finance ministers have announced a historic international agreement on global tax reform. Finance ministers have held years of discussions and have now agreed to reforms, which they say will see multinationals pay their fair share of tax in the countries in...

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Fifth SEISS grant to be made available from late July

The fifth Self-employment Income Support Scheme (SEISS) grant covering May 2021 to September 2021 will open to claims from late July, HMRC has confirmed. To be eligible for the grant, an individual must be self-employed or a member of a partnership. They must have...

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Trade credit insurance scheme to close in June

It has been confirmed that the temporary Trade Credit Reinsurance (TCR) Scheme will close at the end of June. The scheme has helped struggling supply chain firms secure insurance protection during the pandemic. In a statement, the government and the Association of...

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Unemployment rate down in March

Despite the country still being in lockdown, the UK's unemployment rate fell slightly to 4.8% in the three months to March. According to the Office of National Statistics (ONS) unemployment fell by 0.1% from 4.9% in February. The number of payroll employees continued...

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Fourth self-employed grant available

HMRC has confirmed that the online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant is now open for claims. Applications cannot be handled by accountants or tax advisers and therefore must be submitted by the individual...

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95% mortgage scheme launched

Available to lenders from 19 April 2021, a new government-backed mortgage scheme will help people with 5% deposits get on to the housing ladder. As announced at the 2021 Budget, the scheme will help first-time buyers or current homeowners secure a mortgage with just a...

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New claims required for people working from home

HMRC has stated that, employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year. Employers have been able to pay employees up to £6 a week tax-free from 6 April 2020, to cover additional costs if they have had to work...

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