Half of all SMEs make VAT return mistakes
Half of all small-medium sized enterprises (SMEs) make errors when filing their VAT returns, according to the latest research.Continue reading
Millions of workers boosting incomes by side businesses
According to the latest research, millions of British workers are boosting their income through ‘side hustles’.Continue reading
Freeports to “boost investment” in UK after Brexit, say policymakers
The Government will establish 10 new ‘Freeports’ in a bid to boost growth and encourage trade after the UK leaves the EU.Continue reading
Best UK cities for female entrepreneurship revealed
According to the latest research by Clydesdale Bank Yorkshire Bank (CYBG), Bristol and Sheffield are the two best cities in the UK for female entrepreneurs.Continue reading
The number of company insolvencies reaches highest level in five years
The number of company insolvencies has reached the highest level since 2014, according to the latest data.Continue reading
Workers missing out on £140 million in unclaimed expenses
New research has revealed that workers in the UK choose to miss out on £140 million a year in unclaimed work expenses, rather than go through the complex expense claim process.Continue reading
New rules to crack down on ‘phoenix companies’ confirmed for April 2020
Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year.Continue reading
HMRC investigates a quarter of estates that pay IHT
In the 2018 to 2019 tax year, HMRC opened 5,537 inheritance tax (IHT) investigations, which equated to almost a quarter (23 per cent) of the 22,000 estates on which the tax is applicable.Continue reading
HMRC collects £122 million in overseas tax following CRS rule change
HM Revenue & Customs (HMRC) collected £122 million in extra tax from overseas assets in the 2018/19 tax year, following the introduction of the new Common Reporting Standard (CRS) tax regime.Continue reading
Chancellor Philip Hammond aims to tackle the late payment culture in the UK
Following the announcement of a new campaign against unfair payment practices, Chancellor Philip Hammond has said that late payments add an “unacceptable” financial and operational burden on small business owners.Continue reading
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