Author: Maung Aye

UK partners could be made “equally responsible” for anti-avoidance regime penalties incurred by offshore promoters, HMRC reveals

UK partners could be made “equally responsible” for anti-avoidance regime penalties incurred by offshore promoters, it has been announced.

Businesses can now apply for a Bounce Back Loan top-up

Businesses can now apply to top up their Bounce Back Loan (BBL) if they originally borrowed less than the maximum amount they are entitled to, it has been confirmed.

Businesses can now apply for a Bounce Back Loan top-up

Businesses can now apply to top up their Bounce Back Loan (BBL) if they originally borrowed less than the maximum amount they are entitled to, it has been confirmed.

Government unveils new Financial Services Bill

The Government’s new Financial Services Bill will maintain the UK’s “world-leading regulatory standards and openness to international markets”, it has been announced.

New rules on compulsory scrutiny for pre-pack administration

The Government has announced that mandatory independent scrutiny of pre-pack administration sales will be required where connected parties are involved in the purchase.

Companies House to launch mandatory identify verification requirement

Company directors will not be appointed until their identity has been verified by Companies House, new plans have revealed.

Innovate UK launches new four-year strategy with focus on “design in innovation”

Innovate UK, the country’s start-up accelerator, has launched its four-year plan setting out its strategy to promote business growth.

Covid-19 corporate finance schemes surpass £50 billion milestone

More than 1.2 million Government-guaranteed loans worth £52.7 billion have now been delivered to businesses affected by Covid-19, the latest figures have revealed.

Coronavirus loan scheme expanded to more businesses

The list of small businesses that can apply for assistance under the Government-backed Coronavirus Business Interruption Loan Scheme (CBILS) was significantly expanded on the 30th July 2020 to include all firms “in difficulty”.

Foreign direct investment surges ahead of the end of the Brexit transitional period

A surge of foreign direct investment in the UK (defined as an investment in the form of a controlling ownership in a business in one country by an entity based in another country) resulted in the launch of 1,853 new projects in the 2019/20 tax year, it has been revealed.