Business rates: UK businesses could save almost £500 million after interim rebate ruling

Businesses in the UK could save a combined total of £481 million in business rates after an interim ruling on rebates.Continue reading

COVID-19: enhanced payment plans for Self-Assessment individuals

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.Continue reading

New laws to ensure businesses can trade freely between all four parts of the UK at end of transition period

New laws approved this week will ensure that no “harmful barriers” will be imposed on trade between the four parts of the UK at the end of the Brexit transition period, it has been announced.Continue reading

The most common Self Assessment errors, according to HMRC

With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around.Continue reading

HMRC: Penalty payments for non-compliance increase by 62 per cent

HM Revenue & Customs (HMRC) penalties for non-compliance by taxpayers have risen by 62 per cent, according to the latest research.Continue reading

Government has instructed fraudulent coronavirus loan applications to be reported

To get ahead of the anticipated rise in company collapses next year, the Insolvency Service has instructed insolvency practitioners to report all fraudulent coronavirus loan applications to them. Continue reading

CJRS: Deadline for November claims fast approaching

Claims under the Coronavirus Job Retention Scheme (CJRS) for November must be submitted no later than 14 December 2020, it has been cautioned.Continue reading

New Companies House rules to “crack down” on corporate fraud

Directors will need to verify that they are real people before they can act for a company, according to new proposals.

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UK businesses still have ‘unanswered questions’ on post-Brexit rules

UK businesses are still unclear on which rules and regulations will apply to them once the Brexit transition period ends, according to data from the British Chambers of Commerce (BCC).Continue reading

HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers

New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed.Continue reading

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