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Karen Thomson, payroll partner at Armstrong Watson, has detailed the key facts surrounding the update to IR35 'Off Payroll Working' announced by the British Government as part of the coronavirus measures. HMRC introduced IR35 in 2000 with the main aim of combating tax avoidance. It was believed that

The spending limit for contactless card payments will be increased from £30 to £45, with a national roll-out beginning from 1 April 2020, UK Finance has announced.

The Financial Conduct Authority (FCA) has said that it is working with international counterparts in the US, EU and elsewhere so that markets can remain open and orderly, and so they can continue to perform their essential role in supporting businesses, governments, jobs and the broader economy. Whi

Nic Storonsky, chief executive of Revolut, has refuted rumours that the fintech is facing financial difficulties in the wake of the coronavirus outbreak. As worries spread over the impact of COVID-19 on stock markets, banks and businesses, Revolut has reassured customers that rumours of its demise a

Clydesdale and Yorkshire Bank, owned by Virgin Money UK, is one of the accredited lenders participating in the Coronavirus Business Interruption Loan Scheme, being delivered by the British Business Bank, to support the continued provision of finance to SMEs during the COVID-19 outbreak. This provide

The European business Peer-to-Peer lending industry is expected to reach $6.5 billion in value this year.

Guardbridge-based Eden Mill has launched a drive-through service so customers can purchase gin during the UK's coronavirus crisis. The service allowed gin lovers to drive up to the site, wait at the north entrance gate to the Eden Campus in their car.

Scotland's insolvency service Accountant in Bankruptcy (AiB) has suspended sales and evictions from property in ongoing bankruptcy administrations until further notice in response to the current coronavirus pandemic. New measures and greater flexibility are also being introduced by AiB - Scotla

Kingdom Housing Association has taken the decision to settle invoices immediately in recognition of the increasing importance of cash flow to its commercial partners during the current period of coronavirus uncertainty.   A major employer and engine of economic activity across Fife, not le

The Financial Conduct Authority (FCA) has written to companies that it was aware were intending to publish preliminary financial statements in the next few days, urging them to delay their planned publications.

Global real estate advisor CBRE is urging the Scottish Government to reconsider the introduction of a section of the Non-Domestic Rates (Scotland) Act which will remove Scottish businesses’ rights to lodge rating valuation appeals based on economic changes. Brian Rogan, head of CBRE Scotland&r

The impact of the COVID-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to KPMG UK’s latest quarterly Economic Outlook. However, the accountancy firm has warned that a protracted outbreak could result in a more severe impact than the downturn experienced in

In the wake of the coronavirus outbreak, the number of UK companies in financial distress has surpassed half a million.

Shepherd and Wedderburn’s private client team has been accredited as a Gold Employer Partner by Society of Trust and Estate Practitioners (STEP) in recognition of the firm’s supportive organisational learning culture. The team, which supports clients across the firm’s four UK offic

In an effort to help the current situation for the self employed, Heather Self, partner at accounting and tax advisory firm Blick Rothenberg has made a number of suggestions which Government could embrace. It’s a difficult time for those who are self-employed and believe that they ha