Weakness in business investment reflects Brexit uncertainty, says accountancy chief
Business investment has “dampened” as entrepreneurs are left in the dark over Brexit, a new analysis has revealed.Continue reading
HMRC announces £16 million Brexit grant fund
HM Revenue & Customs (HMRC) has announced a £16 million fund for businesses to claim grants to cover Brexit related costs.Continue reading
120,000 businesses failed to meet the Making Tax Digital deadline
HM Revenue and Customs (HMRC) has revealed that 1.1 million businesses have now signed up for Making Tax Digital (MTD) and so far, 1.2 million VAT returns have been successfully submitted through the service.Continue reading
National Audit Office leads independent review of controversial Loan Charge
A major regulator will lead an independent review into the controversial Loan Charge scheme after concerns that taxpayers were “not ready” to face the penalty.Continue reading
More than 2,800 retail stores closed during first half of 2019
According to the latest industry research, around 16 shops are closing every single day on UK high streets as retailers look to restructure their businesses and adapt to increased levels of online shopping.Continue reading
Making Tax Digital: what happens next?
Making Tax Digital (MTD) for VAT was launched in April 2019, which means that hundreds of thousands of businesses are now recording and reporting their accounts digitally to HM Revenue & Customs (HMRC).Continue reading
Government delays domestic VAT reverse charge until October 2020
The Government has announced that it will delay the implementation of the domestic VAT reverse charge for building and construction services by a year.Continue reading
New council to increase access to small business finance, says minister
A new enterprise scheme will help small and medium-sized businesses to access finance and take advantage of post-Brexit business opportunities, it has been revealed.Continue reading
Over £1.6 billion in tax owed to HMRC by self-employed
According to the latest industry research, HM Revenue & Customs (HMRC) is currently owed £1.6 billion in late tax payments from self-employed individuals for 2017 and 2018.Continue reading
Thousand-year-old coin collection is the earliest form of tax fraud
A thousand-year-old collection of Norman coins has been revealed as the earliest form of tax evasion.Continue reading
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