Finance

Contactless Limit to increase to £100

The national roll-out of the new £100 spending limit for contactless card payments will begin from 15th October 2021, banking trade body UK Finance has confirmed. UK Finance represents the Banking and Finance Industries and manages the process for setting the industry contactless limit. The decision to raise the contactless limit from £45 to £100 […]

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Pension Scams average losses double

According to the latest figures from Action Fraud the average loss from pension scams has reached £50,949 this year. That figure is more than double that of £23, 689, reported last year. Action Fraud said the losses in each case ranged from less than £1,000 up to £500,000, and the real figures could be higher as […]

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HMRC clarifies stance on pandemic affected tax debts

HMRC has confirmed that where tax payers are struggling after the pandemic, it will take an ‘understanding and supportive approach to dealing with those who have tax debts or are concerned about their ability to pay their tax’. HMRC stressed that it wants to work with taxpayers to find a way for them to pay […]

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Is your Cash in a safe place?

Given all that small business have had to face in the last eighteen months, it may seem a strange time to question the location of any cash you may have in the business. Surely that’s way down the list of things to consider? Actually, no! There are quite a few businesses out there who are […]

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New ‘Breathing Space’ Debt Scheme Launched

The Government has launched a new scheme to help people struggling with problem debt. Up to 700,000 people are expected to benefit from the ‘Breathing Space’ scheme. What does the Breathing Space Scheme provide? The scheme will give those facing financial difficulties 60 days to get finances back on track – without debts piling up, […]

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Recovery Loan Scheme – the detail!

The Recovery Loan Scheme (RLS) was announced by Rishi Sunak as part of the recent Budget. Set to run until 31st December 2021, this replaces Coronavirus Business Interruption Loans (CBILS) and Bounce Back Loans (BBLS) which both ended on the 31st March. Key features of the scheme include: Facilities starting from £1,000 for invoice finance […]

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