Government promises simplified customs procedures in event of no-deal Brexit
HM Revenue & Customs (HMRC) will introduce a simplified importing procedure for businesses trading with the EU should the UK leave without a deal in March.Continue reading
HMRC takes new measures to toughen stance on debt recovery
HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial year.Continue reading
SMEs: The importance of purpose
The importance of purpose for the UK’s small and medium-sized enterprises (SMEs) has been explored in a recent report. It found that a massive 91 per cent said that a vital part of running a successful business is having a clear purpose.Continue reading
Record number of Self-Assessment tax returns filed by the deadline
HM Revenue and Customs (HMRC) has revealed that a total of 93.68 per cent of Self-Assessment tax returns were filed by the deadline.Continue reading
Trading after Brexit: What is an EORI number and why do I need one?
The Government has written to more than 145,000 VAT-registered businesses across the UK, explaining the potential changes to customs, excise and VAT in the event that the UK leaves the EU without a deal.Continue reading
Could corporation tax cuts lose the UK £6.2 billion a year?
Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year.Continue reading
Services sector exports record numbers, report shows
The UK services sector has experienced a record year, increasing exports to regions all around the world.Continue reading
Businesses reminded to take steps to prepare for upcoming payroll changes
Business owners in the UK are being reminded to take sufficient measures to prepare their businesses for the upcoming changes to legislation regarding payroll, which will come into force on the 6 April 2019.Continue reading
Employment and overall wages hit record highs
In November, Britain saw the largest raise in overall real wages since September 2016, rising the spending power of the average British worker to the highest it has been in two years.Continue reading
HMRC wrongly issue fines before the self-assessment deadline
It has been revealed that Her Majesty’s Revenue & Customs (HMRC) has wrongly issued millions of fines to taxpayers, just weeks before the self-assessment deadline on the 31st January.Continue reading
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