An MP has filed a motion to review the tax treatment of those who HM Revenue & Customs have challenged over the use of an avoidance scheme. Continue reading
HM Revenue & Customs (HMRC) has been criticised over its decision to keep IR35 reforms in the Finance Bill 2017 amidst concerns that the new rules “have not been reviewed in detail ahead of the General Election”. Continue reading
In a surprise move, the Government’s hotly contested Making Tax Digital (MTD) project has been dropped from Finance Bill 2017 – the last Bill to be debated in the House of Commons prior to the snap General Election. Continue reading
As many as one in five British businesses have been hit by at least one cyber attack in the last 12 months, a new study has revealed. Continue reading
Members of Parliament (MPs) have called upon internet selling platforms such as eBay and Amazon to work harder to ensure that regular users are declaring their online income to HM Revenue & Customs (HMRC). Continue reading
The Government has warned companies to be aware of important anti-money laundering rule changes coming this summer. Continue reading
A new study suggests that almost half of small and medium-sized enterprises (SMEs) believe that the Government’s Making Tax Digital (MTD) project will overcomplicate tax. Continue reading
Almost one in six businesses are applying for a workplace pension after their staging date has passed, according to new research from Aviva.
The study notes that this trend is on the rise, rising from 14 per cent the previous quarter (Oct – Dec 2016).
Year-on-year, that figure has jumped from just one per cent.
Likewise, a record-low number of companies are making preparations more than two months in advance, sitting at just 25 per cent.
The study claims that companies dragging their feet are putting themselves at risk of a fine or are limiting themselves when it comes to choosing a pension scheme – as not all providers will take on “late stagers”.
Andy Beswick, MD Business Solutions at Aviva, said: “While some of these numbers are disappointing, it’s not unexpected. SMEs tend to be less well-resourced and aren’t blessed with large HR departments or budgets to help them through their auto-enrolment journey.
“What the figures do highlight is that there is still work to be done to make business owners aware of their obligations. As an industry, we’ve been talking about auto-enrolment since the early 2000s and implementing it for over four years now. But to thousands of employers and employees, it is still a brand new concept and we need to make sure people aren’t getting left behind.”
Around 500,000 small and medium-sized enterprises (SMEs) are due to set up a workplace pension this year.
The Association of Independent Professionals and the Self Employed (IPSE) is calling upon UK contractors to use the Government’s new IR35 status tool to ensure that they are paying the correct amount of tax. Continue reading
50 per cent of UK small and medium-sized enterprises (SMEs) expect to achieve revenue growth of 4 per cent or more before the end of the year, a new study suggests. Continue reading