Accountancy firm TWP has said that the majority of businesses will welcome the Chancellor’s latest measures to protect and create jobs as the country attempts to fight back against COVID-19. The Coronavirus pandemic has left many businesses in disarray as they attempt to come to terms with an economy that is 25 per cent smaller […]
Surrey accountants, TWP, is warning business to take extra care over the claims they make for COVID-19 financial support, such as the Coronavirus Job Retention Scheme, as HM Revenue & Customs (HMRC) is proposing new power to tackle abuse and errors. New draft legislation has been published by the tax authority which reveals that they […]
News has begun to circulate that the Government intends to increase tax revenue at some point in the future to cover the bill created by the COVID-19 financial support measures that it has launched. These measures have so far cost the Government more than £300 billion since the start of the crisis, a bill that […]
Surrey accountancy firm, TWP, is highlighting the newly launched Bounce Back Loan scheme (BBLS) to small and medium-sized businesses after it was launched by the Government this week. Up until now, TWP has said that many businesses had struggled to access finance via the existing Coronavirus Business Interruption Loan Scheme due to the bureaucracy involved […]
New research conducted by the UK200Group during April shows that 829,167 people in the South East, including Surrey, are at risk of unemployment. This is a stark and worrying number, but this is the reality of what the UK may be facing. The study shows that 31 per cent of the 1,793 SME businesses who […]
The Managing Partner of Weybridge and Cranleigh-based TWP Accounting, Paul Hawksley, has joined fellow members of the UK 200Group to call for further changes to legislation and funding to help the nation’s business backbone. In an open letter to the Chancellor, Rishi Sunak, the accountancy group has called for further clarity and support on a […]
Surrey-based TWP has said that businesses should look again at the Coronavirus Business Interruption Loans Scheme (CBILS) following changes to the scheme. The CBILS scheme is designed to give SME businesses with turnovers of up to £45 million access to loans of between £1,000 and £5 million, backed by an 80 per cent guarantee from […]
When Philip Hammond delivered the last Budget 499 days ago, in the midst of the Brexit negotiations, he could not have imagined that the next Budget would be dominated by the spread of a lethal contagion.
Nor is it likely that he thought Rishi Sunak – then a relatively inconspicuous junior minister – would be the one delivering it, with Mr Hammond having resigned and lost his seat in Parliament in the meantime.
Even a few weeks ago, there was little reason to expect that Mr Sunak, by then promoted to Chief Secretary to the Treasury but still largely unknown, would deliver the Budget on the date announced by then-Chancellor, Sajid Javid.
Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax system together with updates on earlier consultations. […]