HMRC launches coronavirus grants crackdown

Individuals who fraudulently claimed coronavirus grants are in HMRC's sights, following a proposed amendment to Finance Bill 2020. In draft legislation posted on GOV.UK, the Revenue outlines how it will be able to recover payments where a recipient was not eligible....

1 in 10 workers stop pension contributions

One in ten workers have stopped or reduced their pension contributions as a result of the coronavirus, according to a report. Scottish Widows polled 2,251 workers during the COVID-19 crisis and found that short-term financial pressures were affecting long-term saving...

Calls grow to extend support for the self-employed

Chancellor Rishi Sunak is being urged to extend the self-employed income support scheme (SEISS), which ends this weekend. The scheme pays lump sums worth 80% of total profits, up to £2,500 a month, over a three-month period starting from March 2020. More than two...

Furlough scheme covers 8.4m workers

The number of employees who are covered by the Government's furlough scheme has passed 8.4 million, according to the Treasury. That means 30% of the UK's 28m employees were covered by furlough scheme on 24 May 2020. The scheme, formally known as the coronavirus job...