Chancellor wants to tackle late payments in the UK
Currently, in the UK, late payments are a serious issue, especially for small medium-sized enterprises (SMEs) who have to chase invoices from large suppliers, thus causing a disruption in the channel with resellers.Continue reading
Government scheme aids families with childcare costs
HMRC is urging parents to apply for the Tax-Free Childcare scheme, which provides government contribution on savings used to cover childcare costs.Continue reading
Number of exporting businesses increase ahead of Brexit
The number of VAT-registered businesses exporting goods across the UK has increased to 110,800, new figures have revealed.Continue reading
Government announces consultation for plans to make HMRC a preferential creditor after insolvency
The Government has announced details of the first public consultation on its plans to make HM Revenue & Customs (HMRC) a secondary preferential creditor for certain tax debts which are paid by employees and customers after the insolvency of a business.Continue reading
New research has discovered the fastest growing UK industries for women
Marking International Women’s Day 2019, a study has explored labour market data from the Office of National Statistics to reveal where new opportunities are opening up for women and where potential new career paths may exist.Continue reading
Shakira to face tax fraud accusation in Spanish court
The Colombian singer, Shakira whose estimated wealth is £176 million, is being investigated on suspicion of committing six separate counts of tax fraud against the Spanish Treasury totalling more than £12.5 million (€14.5 million).Continue reading
Thousands yet to register for EORI number, figures show
Just 17 per cent of businesses who trade with the EU have registered for an Economic Operator and Registration Identification (EORI) number, new figures have revealed.Continue reading
UK Finance launches campaign in bid to help SMEs prepare for Brexit
UK Finance announced a national campaign encouraging small and medium-sized enterprises (SMEs) to prepare for the potential changes and opportunities brought about by the UK’s departure from the EU.Continue reading
Surplus in CGT receipts boosts UK Government’s finances
According to the latest figures released by Office for National Statistics, income from taxes surpassed public spending by £14.9 billion, which has resulted in the Government’s largest January surplus since records began in 1993.Continue reading
HMRC to “Phase in” Entry Summary Declarations in no-deal Brexit
HM Revenue & Customs (HMRC) has announced plans to phase in Entry Summary Declarations should the UK leave the EU without a deal this March.Continue reading
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