The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks' statutory leave. Under the new entitlement working parents who lose a child under the age of 18 will get two weeks' statutory leave and where they meet the necessary conditions a legal right to two weeks' paid bereavement leave. Business Secretary Andrea Leadsom, stated: ' ...

The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020. However the UK is now in the transition or implementation period during which time it is 'business as usual' as the UK is covered by EU rules until the end of the year. By 2021 the UK aims to have agreed a deal on future arrangements with the EU and the rest of t ...

The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare. The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges. According to the FCA, seven out of ten overdraft users will be better ...

Tax

The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA). This capital allowance is designed to provide tax relief for businesses and to support investment in constructing new structures and buildings and improving existing ones. The SBA relieves the construction costs for new structures and buildings used for qualifying purposes and the i ...