HMRC is reminding self-assessment taxpayers that they must declare any Covid-19 payments on their 2021-22 tax returns. More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. These grants are taxable and should be declared on tax … [Read more...]
News for: Coronavirus Financial
Small businesses received £21.3 billion in COVID-19 support from local authority grants
Covid-19 grants distributed by local authorities provided small businesses across England with £21.3 billion in business support through the pandemic. A new report into the government's COVID-19 Local Authority Business Support Grants scheme also showed over one-third of all available funding was … [Read more...]
Details released of latest Recovery Loan Scheme
Details have been released of the latest iteration of the government-backed Recovery Loan Scheme to help businesses invest and grow out of the Covid-19 pandemic. The scheme, which was launched in April 2021, was extended by the Chancellor for a further two years in July after having already … [Read more...]
Covid Recovery Loan Scheme extended for further two years
A support scheme to help small businesses access finance to aid their recovery following the Covid pandemic has been extended for a further two years, Business Secretary Kwasi Kwarteng has announced. The Recovery Loan Scheme originally launched in April 2021 to help businesses recovering from the … [Read more...]
Majority of North-west businesses back to pre-pandemic revenues
The majority of medium-sized businesses in the North-west have returned to trading at pre-pandemic revenues, according to research by business advisory group BDO. After seeing sales fall sharply two years ago, analysis by BDO finds half are performing at the same level as before the pandemic, … [Read more...]
North-west FDI returns to pre-pandemic levels
Foreign Direct Investment (FDI) into the North-west of England has returned to pre-pandemic levels, Big Four accountancy firm EY has found, with Manchester the leading city for investment outside London in 2021. The 2022 EY Attractiveness Survey has revealed that the region hosted 74 FDI projects … [Read more...]
New authority announced to recover government money lost to fraud during pandemic
Chancellor of the Exchequer, Rishi Sunak, has announced the creation of a new 'fraud squad' to recover money lost to fraudulent Covid support claims and other criminal targeting public funds. The Public Sector Fraud Authority is expected to launch in July, bringing together data analytics experts … [Read more...]
Broadstone Mill Shopping Outlet awarded Reddish Locality Grant
The Broadstone Mill Shopping Outlet has been awarded the Reddish Locality Grant from the council to 'get Reddish Roaring' after the pandemic. Just before Christmas 2021 Broadstone Mill Shopping Outlet learned that Stockport Council was looking to help support businesses recovering from the … [Read more...]
Final £35 million of Culture Recovery Fund supports over 300 organisations nationwide
The government has released the final £35 million of financial support from its Culture Recovery Fund to support arts, heritage and cultural organisations rebuild following Covid-19 restrictions. The final phase of grants brings the total amount of pandemic support for the cultural sector to … [Read more...]
Covid-19 insolvency measures lifted as final pandemic support ends
Temporary insolvency measures put in place during the Covid-19 pandemic will be lifted from 31st March 2022 as the remaining pandemic support schemes end. Temporary measures were introduced as part of the Corporate Insolvency and Governance Act 2020 to limit the impact of Covid-19 related trading … [Read more...]
Petition launched to secure urgent support for pubs and breweries in upcoming Spring Statement
Ahead of the Chancellor’s Spring Statement, expected on 23rd March, the Long Live the Local campaign has launched a petition, calling on Rishi Sunak to continue support for pubs and breweries. The campaign, backed by the British Beer and Pub Association, is asking the government to extend … [Read more...]
Stockport Council urges businesses affected by the pandemic to apply for Covid Additional Relief Fund
Stockport Council is encouraging businesses affected by the pandemic and which have been unable to access support linked to business rates to make an application to the Covid Additional Relief Fund (CARF) before 15th April. The government funding allows businesses affected by the Covid-19 … [Read more...]
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