Two-fifths of freelancers lost over 40% of turnover during pandemic

AVASK Marketing Business News

Two out of every five freelancers suffered a loss of over 40% of turnover during the coronavirus (COVID-19) pandemic, according to research from the Association of Independent Professionals and the Self-Employed (IPSE). The research also found that two out of three freelance businesses were negatively affected by the pandemic. In …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

Aftermath of COVID-19 pandemic has caused ‘significant rise in costs for businesses’

AVASK Marketing Business News, COVID-19 News

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that the aftermaths of the coronavirus (COVID-19) pandemic and Brexit have caused a ‘huge rise in costs’ for UK businesses. The survey showed that 70% of companies surveyed are considering hiking prices over …

Flexible rail fares must be just the start of changes, says BCC

AVASK Marketing Business News

The British Chambers of Commerce (BCC) has welcomed the introduction of flexible season tickets for rail commuters but says more change is needed. The government says new national flexible rail tickets, matching modern working habits and saving passengers hundreds of pounds, will be made available to commuters across England. The …

Staying safe from scams

AVASK Marketing Business News

Scammers and fraudsters thrive on confusion and instability, so the coronavirus (COVID-19) pandemic and ongoing economic repercussions of Brexit have created opportunities for them to attack businesses, taxpayers and savers. Online scams rose 15-fold last year as criminals exploited national events, according to the National Cyber Security Centre (NCSC). It …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

Commercial rent moratorium extended until March 2022

AVASK Marketing Business News, COVID-19 News

The government is to extend the ban on commercial evictions introduced during the coronavirus (COVID-19) pandemic until March 2022, the Treasury has confirmed. Chief Secretary to the Treasury, Stephen Barclay, said the moratorium for business tenants will not expire at the end of this month as planned and will instead …

Trading throughout the world means you may need patent and trademark protection overseas

G7 announces global tax agreement

AVASK Marketing Accounting News, Business News, Tax News

The G7’s finance ministers have announced a historic international agreement on global tax reform. Following years of discussions, finance ministers agreed to reforms, which they say will see multinationals pay their fair share of tax in the countries in which they do business. The ministers also agreed to the principle …

News and Information from AVASK about HMRC

Fifth SEISS grant will be open to claims from late July

AVASK Marketing Business News

The fifth Self-employment Income Support Scheme (SEISS) grant covering May 2021 to September 2021 will open to claims from late July, HMRC has confirmed. To be eligible for the grant, an individual must be self-employed or a member of a partnership. They must have traded in the tax year 2019/2020 …

A week of webinars at AVASK

AVASK Marketing Business News

AVASK are always looking for new ways to help our clients with valuable information on e-commerce and other related topics. That is why we maintain a steady schedule of webinars to help communicate the latest updates in an efficient but digestible manner. This week, we are sponsoring and hosting a …

Economic growth accelerates in three months to May

AVASK Marketing Business News

The UK economy grew significantly in the three months to May, according to the latest Growth Indicator from the Confederation of British Industry (CBI). The Indicator showed that private sector activity across the economy grew at its fastest pace since 2015, with a balance of +30%. The CBI found that …

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Trade credit insurance scheme to close

AVASK Marketing Business News, E-commerce News

The temporary Trade Credit Reinsurance (TCR) Scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed. In a statement, the government and the Association of British Insurers (ABI) said the scheme will close on 30 June …

News and information from AVASK about HM Treasury, London, UK

Finance Bill outlines amendments to super-deduction

AVASK Marketing Business News

The government has tabled amendments to the capital allowances super-deduction in Finance Bill 2021. Chancellor Rishi Sunak used the 2021 Budget to announce temporary capital allowances. These provide an increased incentive to invest in plant and machinery. The new super-deduction allows companies investing in qualifying new plant and machinery to …

NIC reliefs set for Freeports

AVASK Marketing Business News, E-commerce News

Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees, the government has announced. The National Insurance Contributions Bill, which legislates reliefs for those operating in Freeports, has now been published. The Bill confirms that from April 2022, organisations with …