Abuse of the Bounce Back Loan scheme is continuing to land people in court as the Insolvency Service tightens its net around those who have misused the cash designed to help businesses during the pandemic lockdowns. Five individuals have separately been made subject to bankruptcy restrictions totalling 48 years for exploitation of the initiative, which…
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Beautician gave �10k of Bounce Back Loan to sister
Abuse of the Bounce Back Loan scheme is continuing to land people in court as the Insolvency Service tightens its net around those who have misused the cash designed to help businesses during the pandemic lockdowns. Five individuals have separately been made subject to bankruptcy restrictions totalling 48 years for exploitation of the initiative, which…
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Eligible couples urged to apply for tax reduction
Thousands of couples could be missing the opportunity to reduce their tax by £250 a year. Married couples and people in civil partnerships can sign up for Marriage Allowance, which allows them to share their personal tax allowances if one partner earns below the Personal Allowance threshold of £12,570, and the other is a basic…
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Thousands of businesses at risk of import delays
Businesses are being warned they could risk significant delays to importing goods if they don’t move to the UK’s new streamlined customs system. Organisations submitting import declarations must use the Customs Declaration Service from 1 October 2022, when the Customs Handling Import and Export Freight (CHIEF) system will close for import declarations. Businesses should check…
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