Blog

16
May

Pass on up to £950,000 tax-free in 2019-20

Pass on up to £950,000 tax-free in 2019-20

As of 6 April, direct descendants can inherit up to £950,000 completely free of inheritance tax from their parents or grandparents thanks to increases in the residence nil-rate band. This tax-free allowance on inherited property has risen from £125,000 to £150,000 this year and will rise again next year to £175,000.

Read More »

16
May

Beware the Employer Compliance Check Questionnaire

Beware the Employer Compliance Check Questionnaire

HM Revenue & Customs (HMRC) is understood to be sending out “Employer Compliance Check Questionnaires” without notifying agents, which could land businesses in trouble if the wrong information is provided. The questionnaires are understood to be a replacement or substitute for a PAYE audit, which would typically...

Read More »

16
May

Employers must comply with new payslip rules

Employers must comply with new payslip rules

Under the Government’s Good Work Plan, more than 300,000 workers have received a payslip for the first time under new rules that came into force in April. However, experts fear that many employers may be unaware of the recent changes and how it could affect them.

Read More »

16
May

Additional year to prepare for Making Tax Digital for taxes other than VAT

Additional year to prepare for Making Tax Digital for taxes other than VAT

The Chancellor’s Spring Statement contained an important nugget of information for businesses that had been wondering when they will need to be ready for Making Tax Digital (MTD) for taxes other than VAT. Until recently, the Government’s official line was that the rollout of the UK’s digital...

Read More »

16
May

IR35: off-payroll working rules set to change next year

IR35: off-payroll working rules set to change next year

HM Revenue & Customs (HMRC) has published new guidance on the expansion of the IR35 requirements to contractors working in the private sector. IR35 governs the tax status of people working through personal service companies (PSCs) and until now required public sector employers to determine whether contractors...

Read More »

16
May

Registering for Making Tax Digital for VAT takes seven days, warns HM Revenue & Customs

Registering for Making Tax Digital for VAT takes seven days, warns HM Revenue & Customs

HM Revenue & Customs (HMRC) has warned businesses across the UK that the registration process for Making Tax Digital (MTD) for VAT takes seven working days. This means that VAT-registered businesses turning over £85,000 or more need to register more than seven days before submitting a return...

Read More »

9
Apr

Are you registered for Making Tax Digital yet?

Are you registered for Making Tax Digital yet?

Launched on 1 April 2019, most VAT registered businesses are now required to comply with the new Making Tax Digital for VAT regime. However, many businesses may not be aware that they are required to register to use the new system and that this process can take up to seven working days to complete.

Read More »

9
Apr

ITV presenter Lorraine Kelly wins important IR35 appeal

ITV presenter Lorraine Kelly wins important IR35 appeal

Lorraine Kelly has won an appeal against HM Revenue & Customs (HMRC) at a First Tier Tribunal (FTT) following a £1.2 million demand for unpaid income tax and National Insurance Contributions (NICs). HMRC claimed that Lorraine Kelly should have been working inside the rules of IR35 at ITV Breakfast Ltd during the relevant period.

Read More »

9
Apr

UK SMEs hit by £17.4 billion cybercrime bill in 2018

UK SMEs hit by £17.4 billion cybercrime bill in 2018

New research from internet service provider, Beaming, has revealed that in 2018 UK small and medium-sized enterprises (SMEs) were affected by cybercrime to the tune of £17.4 billion. Business cybercrime is the flavour of the month for fraudsters, with hacking, phishing and data breaches affecting millions of UK companies...

Read More »

9
Apr

Tax-free HMRC scheme assists families with childcare costs

Tax-free HMRC scheme assists families with childcare costs

A Government scheme set up by HM Revenue & Customs (HMRC) is advising parents to apply for the Tax-Free Childcare scheme, which provides contributions on savings used to cover childcare costs. Research has revealed that more than a million families are failing to make use of the Tax-Free Childcare scheme.

Read More »

9
Apr

Invoice fraud cost UK firms £93 million last year

Invoice fraud cost UK firms £93 million last year

A recent survey conducted by UK Finance revealed that more than four in 10 UK businesses are unaware of the potential risks associated with invoice fraud. Last year these scams cost UK firms almost £93 million, with 3,280 invoice and bank scam cases reported – costing on average £28,000 per case.

Read More »

9
Apr

Businesses get to grips with new employment costs

Businesses get to grips with new employment costs

Employers across the UK are starting April with a sudden increase in employment costs following a rise in workplace pension contributions and minimum wage costs. The sharp increase in expenditure on staff couldn’t come at a worse time for business who are experiencing growing uncertainty over the UK and wider global economy.

Read More »

13
Mar

Spring Statement 2019

Spring Statement 2019

On any other day, the Chancellor’s Spring Statement would have dominated the headlines. However, with the UK’s scheduled withdrawal from the EU just days away, and the Prime Minister’s latest Brexit deal voted down by the Commons just hours earlier, this seemed more like a sideshow than the main event.

Read More »

7
Mar

National Living Wage to rise next month

National Living Wage to rise next month

From 1 April 2019, employers will be required by law to pay their employees a higher minimum wage rate. It is thought that this increase in the UK’s statutory wage requirements will benefit around 2.4 million workers and means that the annual earnings of a full-time minimum wage worker...

Read More »

7
Mar

Are you making full use of the generous R&D relief scheme?

Are you making full use of the generous R&D relief scheme?

Hundreds of businesses across the UK enjoy tax relief totalling millions of pounds thanks to the Government’s generous R&D relief scheme. Last year nearly 40,000 claims were made for Research and Development (R&D) tax credits in the UK, almost double the amount made in the previous year.

Read More »

7
Mar

Tribunal finds in favour of Middlesbrough FC in low pay claim

Tribunal finds in favour of Middlesbrough FC in low pay claim

In a landmark case, Middlesbrough FC has effectively won the right to pay staff below the minimum wage by providing other benefits to them. In February, an employment tribunal at Teesside Magistrates’ Court overturned a ruling that the Championship football club had broken employment laws...

Read More »

7
Mar

Make the grandest romantic gesture and reduce your tax bill

Make the grandest romantic gesture and reduce your tax bill

Getting married or conducting a civil partnership ceremony is often the happiest day of most people’s lives but unfortunately almost one million married or civil partnered couples in the UK have not used up to £900 in tax relief available to them.

Read More »

7
Mar

New advisory fuel rates for company car users

New advisory fuel rates for company car users

New advisory fuel rates from 1 March 2019 for drivers of company cars have fallen for all but one class of vehicle. The rates apply where a business is reimbursing employees for travel in a company car, or where employees must repay the cost of fuel used when travelling in a company car in a personal capacity.

Read More »

7
Mar

Delay in issuing Self-Assessment penalty notifications

Delay in issuing Self-Assessment penalty notifications

While 93.68 per cent of the 11.5 million taxpayers who were required to file their Self-Assessment Tax Returns by midnight on 31 January did so on time, 731,186 missed the deadline. Those who missed the deadline will have to wait longer than in previous years to receive penalty notifications from HM Revenue & Customs (HMRC).

Read More »

7
Mar

Making Tax Digital productivity boost expected to be worth billions to UK SMEs

Making Tax Digital productivity boost expected to be worth billions to UK SMEs

New research suggests that the UK’s SMEs could benefit to the tune of as much as £57 billion over the next five years because of digital productivity improvements associated with HM Revenue & Customs’ (HMRC) Making Tax Digital (MTD) initiative.

Read More »

21
Feb

Automatic Enrolment contributions to increase

Automatic Enrolment contributions to increase

The next increase in Automatic Enrolment (AE) pension contributions for both employees and employers will take place from 6 April 2019. The minimum employer contribution will increase from two per cent to three per cent, while the employee contribution will rise from three per cent to five per cent...

Read More »

21
Feb

HM Revenue & Customs drops insistence that all company directors must submit tax returns

HM Revenue & Customs drops insistence that all company directors must submit tax returns

HM Revenue & Customs (HMRC) has dropped its insistence that all company directors must submit tax returns following a series of tribunal rulings. For several years, HMRC has advised in its guidance on the gov.uk website that company directors should register for Self-Assessment and this has also been part of online tools...

Read More »

21
Feb

Late payers to be flagged up to businesses under new proposals

Late payers to be flagged up to businesses under new proposals

The Small Business Commissioner, Paul Uppal, has recommended a new “traffic light” system that will warn smaller firms which businesses have a consistent record of late payment and those most likely to request longer payment terms.

Read More »

21
Feb

Just over half of businesses are prepared for Making Tax Digital

Just over half of businesses are prepared for Making Tax Digital

A new study into preparations for Making Tax Digital amongst businesses has found that only 57 per cent of firms are ready to comply with the new regime by 1 April 2019. Despite the various delays and changes to the Government’s new digital tax system, businesses have had several years to prepare themselves...

Read More »

21
Feb

Entrepreneurs’ Relief changes fail to meet up to the test

Entrepreneurs’ Relief changes fail to meet up to the test

During the last Budget, the Government announced new conditions to entrepreneurs’ relief that would take immediate effect to change the definition of a “personal company” for shareholders who claim entrepreneurs’ relief.

Read More »

21
Feb

Payroll sector prepares for key changes in 2019/20

Payroll sector prepares for key changes in 2019/20

The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of how businesses could be affected by these changes, below are some of the highlights that employers will need to prepare for.

Read More »

4
Jan

Taxpayers treated unfairly by HMRC, says House of Lords report

Taxpayers treated unfairly by HMRC, says House of Lords report

The House of Lords Economic Affairs Committee has criticised some of the powers granted to HM Revenue & Customs (HMRC), describing them as disproportionate and lacking effective taxpayer safeguards. The committee’s latest report says that HMRC’s powers are now too broad and the penalties...

Read More »

4
Jan

Taxpayers offered online tool to assess their self-assessment requirement

Taxpayers offered online tool to assess their self-assessment requirement

It should seem obvious whether an individual must submit a self-assessment tax return annually. Yet, each year, thousands of people find themselves brought into the regime unwittingly. To help taxpayers prepare their affairs accordingly, HM Revenue & Customs (HMRC) is offering a free online tool...

Read More »

4
Jan

Tax rates rise twice as fast in the UK than the international average

Tax rates rise twice as fast in the UK than the international average

According to the Organisation for Economic Co-operation and Development (OECD), UK tax revenue as a percentage of GDP rose to 33.3 per cent in 2017. This was up from 32.7 per cent in the previous year and was more than double the average rate of increase for nations covered by the OECD’s research.

Read More »

4
Jan

An end to the Entrepreneurs’ Relief ‘dilutions dilemma’?

An end to the Entrepreneurs’ Relief ‘dilutions dilemma’?

As a business takes off, the level of investment it needs in order to expand can significantly outpace growth in revenues and profits. One of the options open to entrepreneurs at this stage in the development of a business is to issue new shares that secure new investment, without the financial pressures...

Read More »

4
Jan

Brexit uncertainty sends small business confidence to a seven-year low

Brexit uncertainty sends small business confidence to a seven-year low

Confidence amongst small businesses has tumbled to a seven-year low – in part due to the uncertainty of Brexit. A survey carried out by the Federation of Small Businesses (FSB) has found that nearly one in three small exporters think that sales to overseas customers will fall during the early part...

Read More »

4
Jan

Debt recovery costs small businesses an average of £9,000

Debt recovery costs small businesses an average of £9,000

The cash flow difficulties that late payments cause small businesses are well known. However, the cost of recovering late payments is less well publicised, despite being a major and growing expense – coming in at around £9,000 last year for an average business.

Read More »

13
Dec

Smaller estates should not have to file IHT paperwork, says Office for Tax Simplification

Smaller estates should not have to file IHT paperwork, says Office for Tax Simplification

The Office for Tax Simplification (OTS) has said that smaller and less complex estates should not be subject to the requirement to file Inheritance Tax (IHT) paperwork. The call was part of a review into IHT, which Chancellor Philip Hammond ordered earlier this year.

Read More »

13
Dec

Big increase in P2P lending

Big increase in P2P lending

The fifth annual UK Alternative Finance Industry Report has revealed a 65 per cent year-on-year increase in peer-to-peer (P2P) lending. The P2P lending market is now worth £2 billion and small and medium-sized enterprises (SMEs) appear to be the dominant force behind it.

Read More »

13
Dec

180,500 first-time buyers benefit from relief on Stamp Duty Land Tax (SDLT)

180,500 first-time buyers benefit from relief on Stamp Duty Land Tax (SDLT)

Figures released by HM Revenue & Customs (HMRC) have revealed that 180,500 first-time buyers have benefited from the Government’s changes to Stamp Duty Land Tax (SDLT). HMRC estimates that first-time buyers have saved a total of more than £426 million since Chancellor Philip Hammond announced...

Read More »

13
Dec

Italian e-invoicing requirements make Making Tax Digital look like a walk in the park

Italian e-invoicing requirements make Making Tax Digital look like a walk in the park

While a series of false starts and changes of direction have made Making Tax Digital (MTD) seem more complicated than it might need to be, new e-invoicing requirements that come into effect in Italy from 1 January 2019 make it look like a walk in the park.

Read More »

13
Dec

House of Lords calls for a delay to Making Tax Digital

House of Lords calls for a delay to Making Tax Digital

The House of Lords Economic Affairs Committee has criticised HM Revenue & Customs (HMRC) for its handling of Making Tax Digital (MTD) and called for a delay to some of the regime’s mandatory requirements. The majority of VAT-registered businesses with taxable turnover above the VAT registration threshold of £85,000 will need...

Read More »

13
Dec

UK takes second spot for tax compliance in G20

UK takes second spot for tax compliance in G20

New research from the World Bank has revealed that the UK has the second most effective tax system amongst the G20 nations for tax compliance and ease of paying corporate taxes. According to the survey, companies take an average of 105 hours per year to prepare and file their taxes in the UK, which equates to around...

Read More »

13
Dec

Unwrapping Christmas tax gifts

Unwrapping Christmas tax gifts

Christmas is a time for giving, but many businesses may not be aware that their gifts can be made in a tax-efficient manner, which could make raising festive spirits that little bit cheaper. While Christmas parties may not be for everyone, HM Revenue & Customs (HMRC) does provide an allowable tax...

Read More »

6
Nov

National Living Wage to rise in April 2019

National Living Wage to rise in April 2019

In his latest Budget speech to the Commons, Chancellor Philip Hammond announced that the National Living Wage and National Minimum Wage would increase from April next year. However, despite many employees across the UK welcoming this sudden pay rise, small business owners across the UK...

Read More »

6
Nov

Entrepreneurs’ Relief rules to be tightened

Entrepreneurs’ Relief rules to be tightened

Despite rumours that the Chancellor might scrap Entrepreneurs’ Relief (ER) all together in the Autumn Budget, Philip Hammond decided to retain the tax relief but has made fundamental changes to who qualifies for it. Mr Hammond said that “encouraging entrepreneurs must be at the heart” of the...

Read More »

6
Nov

Research reveals Inheritance Tax hotspots across the UK

Research reveals Inheritance Tax hotspots across the UK

New research has revealed that the affluent area surrounding Guildford in Surrey has the highest proportion of people paying Inheritance Tax (IHT). The study showed that 658 estates were subject to the tax the town in 2015/16, paying on average £231,000 each.

Read More »

6
Nov

R&D Tax Credit system to be reviewed in light of fraudulent claims

R&D Tax Credit system to be reviewed in light of fraudulent claims

According to figures released in the Autumn Budget, HM Revenue & Customs (HMRC) has prevented around £300 million of fraudulent R&D tax credit claims since the relief was introduced. In a bid to prevent further abuse of this tax relief, Philip Hammond has promised to clamp down on fraudulent...

Read More »

6
Nov

HM Revenue & Customs to review and rework some 2016-17 self-assessment tax returns following error

HM Revenue & Customs to review and rework some 2016-17 self-assessment tax returns following error

The Chartered Institute of Taxation (CIOT) has warned that HM Revenue & Customs (HMRC) is to review and potentially rework as many as 30,000 self-assessment tax returns that were filed online for 2016-17 owing to concerns that its tax calculator may have wrongly computed the tax liability.

Read More »

6
Nov

Payee names to be required for bank transfers in effort to combat fraud and errors

Payee names to be required for bank transfers in effort to combat fraud and errors

From next year, payee names will be checked when making bank transfers in order to ensure that funds are being sent to the correct recipient. Currently, only the sort code and account number are checked when making a transfer, something which has been exploited by fraudsters to trick people into...

Read More »

6
Nov

Public pilot of Making Tax Digital for VAT opens

Public pilot of Making Tax Digital for VAT opens

HM Revenue & Customs (HMRC) has opened a public pilot of Making Tax Digital (MTD) for VAT. The pilot is open to sole traders and companies that are up-to-date with VAT, who have not received a default surcharge in the last two years.

Read More »

29
Oct

Autumn Budget 2018

Autumn Budget 2018

The sun was already edging behind the London skyline by the time Chancellor Philip Hammond rose to the despatch box to deliver the first Monday Budget since 1962 – pushed back to 3.30pm because of later Parliamentary sitting times on Mondays.

Read More »

11
Oct

Budget date 2018 announced, with half the usual notice

Budget date 2018 announced, with half the usual notice

The Chancellor has announced that the 2018 Budget will take place on Monday 29 October 2018, having given just half the usual 10 weeks’ notice of the date. The Autumn Budget, which took place for the first time last year, having been moved from the traditional spring date, was initially trailed to take place...

Read More »

11
Oct

Employment claims from contractors brought within IR35 expected after HMRC settlement

Employment claims from contractors brought within IR35 expected after HMRC settlement

A freelance marketing and business development consultant has reached a settlement with HM Revenue & Customs (HMRC) after arguing that she should be entitled to holiday pay as she was considered to be a worker for tax purposes.

Read More »

11
Oct

Just eight per cent of business loan applications successful with one high street bank

Just eight per cent of business loan applications successful with one high street bank

On average, less than one in 10 SME loan applications to one nameless high street bank are successful. The figures were released by SME funding platform, Code Investing, whose CEO, Ayan Mitra, said: “Due to regulation, due to banks having huge cost structures, due to SMEs not having standardised...

Read More »

11
Oct

Government backed tax-free savings plan to help savers earn 50p on every £1

Government backed tax-free savings plan to help savers earn 50p on every £1

The Government has launched a new savings account that offers savers a 50 per cent tax-free bonus on the money they deposit. The new Help to Save account will offer savers up to 50p for every £1 that they save, which could mean that people could benefit from as much as £1,200 of tax-free money...

Read More »

11
Oct

HMRC investigates estate valuations as part of IHT campaign

HMRC investigates estate valuations as part of IHT campaign

The number of investigations conducted against estates thought to be avoiding Inheritance Tax (IHT) has increased, according to new data from HM Revenue & Customs (HMRC). The tax authority has revealed that 5,400 estates were investigated during the 2017/18 tax year – a five per cent increase...

Read More »

11
Oct

Micro businesses bear the brunt of late payments

Micro businesses bear the brunt of late payments

Recent research has shown that micro businesses are bearing the brunt of late payments, with just 52 per cent of the invoices they issue being paid on time. However, the research found significant regional variation, with 68 per cent of micro businesses in Peterborough encountering the scourge of late payments.

Read More »

11
Oct

HMRC finally launches MTD communications plan and simplified guidance

HMRC finally launches MTD communications plan and simplified guidance

With only six months left until the launch of Making Tax Digital for VAT, HM Revenue & Customs (HMRC) has finally begun sharing information with businesses about the new regime. While accountants and professional advisers across the UK have been making clients aware of the new digital system...

Read More »

11
Oct

Workers miss out on £15.6 million in pay through minimum wage breaches

Workers miss out on £15.6 million in pay through minimum wage breaches

Minimum wage breaches, including breaches of the National Living Wage, have cost workers from across the UK a combined total of £15.6 million in lost wages. Figures released by the Government show that around 200,000 workers were affected in 2017/18, in what was the highest underpayment since the National Minimum Wage was introduced.

Read More »

11
Oct

CIOT reports increase in R40 refund errors

CIOT reports increase in R40 refund errors

According to a new report by the Chartered Institute of Taxation (CIOT), there have been a growing number of R40 computation errors on refunds processed by HM Revenue & Customs (HMRC).

Read More »

17
Sep

Property investments once again hit by new tax rules

Property investments once again hit by new tax rules

In the last few years the property sector has been hit by a number of new tax rules, but now there are two new things on the horizon that landlords must consider.

Read More »

17
Sep

HMRC releases new advisory fuel rates for company car users

HMRC releases new advisory fuel rates for company car users

With the price of fuel going up, employees and businesses will welcome new changes to the fuel advisory rates, which from 1 September 2018 have slightly increased on the previous quarter for some vehicles.

Read More »

17
Sep

One in ten small businesses are concerned about business failure

One in ten small businesses are concerned about business failure

A new study has revealed that in the last three months the number of SMEs predicting they could close has doubled from five per cent to 10 per cent.

Read More »

17
Sep

A quick guide to the new penalties for late MTD filing and payments

A quick guide to the new penalties for late MTD filing and payments

HM Revenue & Customs (HMRC) has announced a pair of penalty systems for late filing and late payment under Making Tax Digital (MTD) for VAT, which is due to come into effect in April 2019.

Read More »

17
Sep

Regulator tells banks to stop victim-blaming

Regulator tells banks to stop victim-blaming

The increasing sophistication of bank scams means that customers who lose money to such schemes should not automatically be blamed, the Financial Ombudsman Service has said.

Read More »

17
Sep

Working 9 to 5? It’s an unusual way to make a living

Working 9 to 5? It’s an unusual way to make a living

The archetypal 9am to 5pm working day might be so ingrained into the psyche of workers across the Western world that Dolly Parton wrote a song about it, but new research has revealed that it is now an unusual way to make a living for UK workers.

Read More »

30
May

Finance Bill shrinks in the parliamentary wash-up as PM announces snap election

Finance Bill shrinks in the parliamentary wash-up as PM announces snap election

The announcement of a snap general election to take place on 8 June 2017 had an immediate impact on some of the most eye-catching announcements from the Spring Budget, with the parliamentary wash-up seeing key clauses dropped from the Finance Bill.

Read More »

30
May

New civil penalty notices are now in effect for residential landlords

New civil penalty notices are now in effect for residential landlords

A range of provisions which allow civil penalties to be levied against residential landlords who commit offences under the Housing Act 2004 came into effect last month.

Read More »

30
May

A furnished holiday letting won’t just give your customers much needed relief

A furnished holiday letting won’t just give your customers much needed relief

Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as the tax implications can be enormous.

Read More »

30
May

P11D dispensations have been dispensed with

P11D dispensations have been dispensed with

Last year saw an important change to the way tax-deductible business expenses, which are paid to employees, are dealt with.

Read More »

30
May

Online VAT fraud and error costing UK dear

Online VAT fraud and error costing UK dear

A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between £1bn and £1.5bn in lost tax revenue during the 2015/16 financial year.

Read More »

30
May

HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax

HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax

Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are being hit with ‘tougher penalties’ than larger businesses if they do not declare their income and pay the appropriate tax on their sales, according to a new study.

Read More »

30
May

HMRC goes “nuclear” in pursuit of unpaid taxes

HMRC goes “nuclear” in pursuit of unpaid taxes

HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion.

Read More »

30
May

Could you benefit from Tax-Free Childcare?

Could you benefit from Tax-Free Childcare?

Last month saw a scheme which has the potential to offer major savings on childcare costs start to be phased in.

Read More »

28
Apr

Give your business’ finances a spring clean

Give your business’ finances a spring clean

With the clocks now having sprung forward and the new tax year upon us, what better time to give your business’ finances a spring clean?

Read More »

28
Apr

Does Annual Tax on Enveloped Dwellings (ATED) apply to you?

Does Annual Tax on Enveloped Dwellings (ATED) apply to you?

While changes affecting private residential landlords have made headlines in recent years, the ATED regime is a significant cost for companies, LLPs and partnerships that own a UK residential property valued at more than £500,000.

Read More »

28
Apr

Businesses are more buoyant, says the Bank of England

Businesses are more buoyant, says the Bank of England

New research from the Bank of England has shown that Britain’s businesses are feeling more confident and are planning to invest more in the months ahead.

Read More »

28
Apr

Record number of employers underpaying workers

Record number of employers underpaying workers

As the National Minimum Wage prepares to go up this month, the Department for Business, Energy and Industrial Strategy has released its latest ‘rogue’s gallery’ of under payers – and it is the biggest list to date.

Read More »

28
Apr

Cash basis accounting for landlords

Cash basis accounting for landlords

HM Revenue & Customs (HMRC) confirmed that it will extend the simplified cash basis of accounting for businesses with a turnover below £150,000.

Read More »

28
Apr

Trivial in name only – do you know the rules on trivial benefits in kind?

Trivial in name only – do you know the rules on trivial benefits in kind?

Although designated as ‘trivial’ by the taxman, trivial benefits in kind can result in tax savings for you and your employees, which can be anything but trivial.

Read More »

28
Apr

Warning over unexpected late payment notices in relation to now-liquidated companies

Warning over unexpected late payment notices in relation to now-liquidated companies

A number of prominent UK collection agencies appear to be closely monitoring liquidations and issuing some businesses and individuals who have purchased goods and services from now-liquidated companies with unexpected payment notices.

Read More »

28
Apr

Small businesses see changes to the VAT Flat Rate Scheme

Small businesses see changes to the VAT Flat Rate Scheme

Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes, which came into effect at the beginning of this month.

Read More »

22
Mar

Spring Budget 2017

Spring Budget 2017

Various rumours were swirling around Westminster in the days before Philip Hammond rose to deliver his first Budget – confirmed as the last time a major fiscal statement will be made in the spring.

Read More »

16
Aug

The Restaurant Show: Preview

The Restaurant Show: Preview

Come and see us at the Restaurant show: The show is the definitive platform for the restaurant and foodservice market.

Read More »

5
Jan

Pub 16

Pub 16

If we’ve not told you already, we’re part of the Pub 16 show, the only dedicated show for the UK pub industry.

Read More »

10
Nov

HMRC enquiries

HMRC are under pressure to deliver more revenue to the government in an attempt to balance the books.

Read More »

20
Oct

The Restaurant Show: What does it have to do with pubs?

The Restaurant Show: What does it have to do with pubs?

A lot, if you want to learn the lessons of the growth hospitality sector of the decade: Casual Dining.

Read More »

9
Oct

Private investment in pubs

The government’s Enterprise Initiative Scheme (or EIS), a 30 second summary.

Read More »

31
Jul

Summer Budget Statement 2015

Two months on from the General Election result, the Chancellor of the Exchequer delivers his second Budget of 2015.

Read More »

30
Jul

Miller Magic!

Miller Magic!

The Miller of Mansfield have been voted ‘Readers Restaurant of the Year’ by readers of the Good Food Guide.

Read More »

12
Jun

Retail Rate relief scheme

Detailed in the 2014 Budget, you should claim the £1000 concession on your Business Rates.

Read More »

6
Apr

If you’re an employer, you should read this

Auto Enrolment (AE) into pensions is the one of the most far reaching changes for SMEs that the UK has seen for many years.

Read More »

11
Feb

Pensions Auto Enrolment: All employers must read this…

Auto Enrolment (AE) into pensions is now well underway and will be reaching your business VERY soon.

Read More »

 

Archive