Sole traders are spending a staggering 9.5 million hours a year completing tax returns, with some spending more than 10 hours on their annual statement, a study has revealed.Continue reading
A new study suggests that almost one in five people who have filed a tax return with HM Revenue & Customs (HMRC) fear that they may have made a mistake which could cost them dear.Continue reading
More than 760 businesses have ceased trading in December 2016, with more expected to follow suit in the new year, the latest insolvency survey has revealed.Continue reading
Thousands of online retailers have rushed to register for value-added tax (VAT) since HM Revenue & Customs (HMRC) introduced a crackdown on overseas businesses and online sellers failing to comply with UK tax rules.Continue reading
Wales could introduce its own Income Tax rates from April 2019 as part of a deal with the UK Treasury.Continue reading
A new study suggests that one in every 14 accelerated payment notices (APNs) issued by HM Revenue & Customs (HMRC) has been in error.Continue reading
Small and medium-sized enterprises (SMEs) are being warned of the dangers of falling behind on their corporation tax payments, after a new study found that the total value of payments in arrears now sits at around £1.82billion.Continue reading
London retailer Fortnum & Mason is attempting to persuade its workforce to accept a cut in basic pay in return for a share of tips in a move that will help reduce its tax liabilities.Continue reading
The majority of the UK’s small and medium-sized enterprises (SMEs) have cost-cutting on their Christmas lists, and are eyeing up expansion and exploring new marketing opportunities as New Year’s resolutions, according to research.Continue reading
Nearly half of all UK small and medium-sized enterprises (SMEs) are being paid late, a report has revealed.Continue reading
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