Current Affairs

Customers can submit by 28 February to avoid fines.

The proportion of borrowing £1,000 or more increased to 45%.

Taxpayers could face fines totalling to £250 million.

50,000 small firms close every year due to late payments.

The loans are part of the £280bn support package.

Around £1.8bn is expected to be paid out in claims.

Govt. should 'extend relief for the whole of 2021'.

Over 25,000 taxpayers rush to spread payments.

Charge cap will remain unchanged at 0.75%.

Changes are set to take effect from April 2021.