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Many employed persons will have spent a large chunk of the current tax year, 2020-21, working from home due to COVID restrictions. HMRC will accept a claim to cover any additional costs you may have incurred. Must be required to work from home You may be able to claim tax relief for additional household costs…

The UK Pensions Act will bolster protections for savers and further the government’s green agenda by supporting progress towards net zero. New powers to penalise errant bosses The Act will strengthen protections for pension savers by extending the powers of the Pensions Regulator, introducing the power to issue civil penalties of up to £1 million,…

The short-term outlook for UK businesses operating in sectors badly affected by the present COVID lock-down directives is not good. Many cannot trade, many others are facing reduced turnover. Both will be struggling to maintain reserves – stay solvent – and cash-flow. There are strategies that affected businesses can use to reduce fixed costs and…

The following announcement provides encouragement that a replacement for the EU State Aid process is in development. Details from a recent Government press release are set out below. A new UK-wide system for providing more flexible and tailored financial support to businesses has been set out under plans by the Business Secretary, taking advantage of…