Govt. extends mortgage break scheme until October

The Government has extended a scheme that enables homeowners affected by coronavirus to take mortgage payments holidays. Chancellor Rishi Sunak announced in March that mortgage borrowers would be entitled to payment holidays, initially lasting three months. With that...

Late IR35 amendment shot down in parliament

An attempt to delay the off-payroll rules extending to the private sector by another two years has been defeated in parliament. The last-minute campaign for a two-year deferral was triggered by the economic fallout from the coronavirus pandemic. But MPs failed to vote...

HMRC relaxes stance on home office equipment

The Government has relaxed rules that restricted reimbursement for spending on office equipment for the rest of 2020/21. This should help employees avoid receiving a tax bill relating to working from home during the coronavirus lockdown. Since the lockdown...

Relief as furlough scheme extends to October

Business groups have described their collective relief after the job retention scheme was extended until the end of October. Chancellor Rishi Sunak confirmed the Government will continue to pay the wages of workers on leave because of coronavirus. Employees who are...

Most firms ready to restart within three weeks

The vast majority of businesses could restart their operations in three weeks or less if the UK lockdown is relaxed. In a survey by the British Chambers of Commerce (BCC), 29% of firms said they would need one to three weeks' notice to get up and running again, while...