Hospitality turnover recovered from the £1.2 billion level seen in May 2020 to £6.9bn in May 2021, showing signs of recovery for the sector that is made up of businesses hardest hit by pandemic restrictions.
https://t.co/8CujDxG2ZF
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Sweeping VAT changes for goods outside the EU. The EU has brought in new VAT rules for non-EU eCommerce exporters through the introduction of the one-stop shop (OSS).
https://t.co/x944OsSTIl
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The coronavirus job retention scheme, otherwise known as the furlough scheme, begins to wind down today (1 July 2021) as employers start shouldering more of the cost of furloughed employees wages.
https://t.co/R3fHTwW6dI
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Research published by the Financial Conduct Authority (FCA) estimates that 2.3 million adults in the UK now hold cryptoassets, up from 1.9m last year, and that more people are enthusiastic about them.
https://t.co/eU3LJzBgGo
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The Government's £7.3 billion research and development (R&D) tax credit scheme is failing to spur investment in innovation and investment, concludes a report from the Centre for Business Research at Cambridge Judge Business School.
https://t.co/aX8oordpv6
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The Bank of England (BoE) released its monetary policy report for May 2021 in which they confirmed interest rates would be kept at 0.1%.
https://t.co/tVfWpVAjNb
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Fuel and clothing prices push up inflation.
The UK inflation rate rose to 1% in the 12 months to March 2021, up from 0.7% to February, according to a new Office for National Statistics (ONS) report.
https://t.co/bAKUpPFdCv
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Super-deduction prompts 1 in 4 companies to invest.
Investment in the UK's manufacturing sector is set to increase as a result of the Government's super-deduction tax break, a report has claimed.
https://t.co/Fhxi19Z4s1
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Business rates in England in 2021/22
The year-long business rates holiday in England has been extended for another three months, until the end of June 2021.
https://t.co/ZFZWhSNNCf
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IHT reforms cut paperwork for 90% of non-taxpaying estates.
As part of these changes, more than 90% of non-taxpaying estates will no longer have to complete inheritance tax forms when probate or confirmation is required.
https://t.co/x8gsc4MTcW
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