What Options Are Available If A Bounce Back Loan Cannot Be Repaid?
Although these instant loans have proved to be the savior of many companies that cannot operate normally, companies are now facing the issue of having to consider monthly loan repayments, even if the company may not resume operations. At pre-pandemic levels, this means that your cash flow is still an issue. If the Recoverable Loan
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Coronavirus: Tax and The Owners of Furnished Holiday Lets
The pandemic is having a major impact on the UK travel and tourism sector. This includes many Furnished Holiday Let (FHL) stores that have had to close for most of the 2020-21 holiday season. Even if strict cleaning requirements and distance regulations allow businesses to reopen, many still suffer from increased costs, longer travel times
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The Reduced Rate of VAT to End on 1 April 2022
The government originally announced a temporary discount rate for the hospitality industry in July 2020 as one of several measures designed to help certain business units during a pandemic. With further announcements, the VAT rate of 5% has been extended to 12.5% for a period on 1 October 2021 and then back to 20% on
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What is Child Benefit in the UK: A Comprehensive Guide
Child Benefit is a financial support system provided by the UK government to help parents and guardians with the costs of raising children. This benefit
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What is a Family Investment Company (FIC)?
Family Investment Companies in the UK: A Comprehensive Guide What is a Family Investment Company (FIC)? A Family Investment Company (FIC) is a private limited
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