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Thomson Cooper Insider 2020

Insider October 2020 - current issues affecting business

6th October 2020

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Our round-up of the current issues affecting your finances, business and the economy.  

This editions covers  - 

Commission set to recommend national living wage freeze - Ministers are reportedly considering halting plans to implement the planned national living wage increase from next spring. 

Chancellor reveals new support measures amid second-wave fears - New support measures for businesses and workers have been announced in the face of a rising tide of coronavirus. 

Tax group calls for extension to the annual investment allowance - The temporary increase to the annual investment allowance should be extended, according to the Association of Tax Technicians (ATT). The allowance enables firms to fully offset the cost of qualifying capital items of plant and machinery against taxable profits. 

Fraudulent furlough claims or those paid in error could run into billions- Up to £3.5 billion in payments made to employers under the furlough scheme might have been fraudulently claimed or paid in error, HMRC has said. 

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