Making Tax Digital for VAT pilot launched by HMRC
HM Revenue & Customs (HMRC) has this week opened a pilot scheme for Making Tax Digital (MTD) for VAT – the first phase of the Government’s digital tax reporting overhaul.Continue reading
HMRC clamp down on late payments by seizing assets from businesses’
Recently, there has been a sharp increase in tax inspectors taking control of goods to settle bills with companies who cannot afford to pay with cash.Continue reading
82 per cent of SMEs are struggling to recruit top talent, survey finds
The vast majority (82 per cent) of UK small and medium-sized enterprises (SMEs) are struggling to recruit the right talent they need to help their business grow, a new study reveals.Continue reading
Treasury weighing up tax break for landlords who sell to young adults
The chancellor, Phillip Hammond is considering introducing a tax break in this month’s budget rewarding landlords who sell their properties to sitting tenants, after it was revealed that 40 per cent of young adults are unable to buy a home.Continue reading
SMEs struggling to realise their growth plans, study suggests
A new study carried out by the British Business Bank suggests that one in three small and medium-sized enterprises (SMEs) are struggling to realise their growth plans, due to a lack of understanding of small business finance.Continue reading
PayPal caught up in technology tax crackdown
PayPal is among the first global tech giants to come under the hammer of HM Revenue & Customs’ (HMRC) new tech tax policy after it agreed to pay an extra £2.7 million in tax.Continue reading
Is your workplace pension up to scratch?
More than eight in 10 employees in the UK are now saving into a workplace pension, new figures reveal.Continue reading
Government announce proposals to end late payments for small businesses
The Government has proposed new measures to tackle the issue of late payments to small businesses by larger companies who abuse their position in the market.Continue reading
Businesses need to prepare for upcoming payroll changes
Businesses in the UK have less than six months to prepare for important new payroll legislation which will shake up the requirements of employee payslips, it has been warned.Continue reading
Employers warned about TPR re-enrolment fines
If businesses do not put measures in place to correctly re-enrol their staff into a workplace pension then they could face being fined by The Pensions Regulator (TPR).Continue reading
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