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Over £1.6 billion in tax owed to HMRC by self-employed

Sep 05, 2019

According to the latest industry research, HM Revenue & Customs (HMRC) is currently owed £1.6 billion in late tax payments from self-employed individuals for 2017 and 2018. That figure is expected to rise further, meaning that it could become the fourth ...

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Tax Evasion

Thousand-year-old coin collection is the earliest form of tax fraud

Sep 02, 2019

A thousand-year-old collection of Norman coins has been revealed as the earliest form of tax evasion. The coins were discovered by detectorists in a field in the Chew Valley, Somerset in January. The collection of 2,528 coins was buried in a field ...

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Government launches £10 million Brexit Readiness Fund

Aug 29, 2019

The Government has launched a £10 million Brexit readiness fund that will help provide support for businesses who are preparing for Brexit ahead of the 31 October deadline. The Business Readiness Fund is open to business organisations and trade associations throughout ...

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Government to allocate trading numbers to more than 88,000 UK firms ahead of Brexit

Aug 22, 2019

Ahead of a potential no-deal Brexit, the Government has announced that it will start automatically enrolling UK firms in the customs system. As a result, this will enable UK businesses to continue to trade with European Union (EU) members after the ...

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Half of UK SMEs are struggling with cash flow

Aug 19, 2019

According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit. Research indicated that in the second quarter almost a third (29 per cent) of ...

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Burgeoning costs of employment forcing small businesses to cut back on investment

Aug 15, 2019

The rising legal minimum wage is forcing small businesses to cut back on investment and reduce headcount, a new study has revealed. The finding forms part of brand new research published by the Federation of Small Businesses (FSB), a leading business ...

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Top industries for employer pension contributions revealed

Aug 12, 2019

Preparing for life after work has become one of the most important considerations for workers as they bid to secure their financial future. Auto-enrolment is now a league requirement for many, but the difference between employers’ contributions can play a substantial ...

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Government encouraging SMEs to sign up for funding to help with Brexit

Aug 08, 2019

The Government is encouraging UK small and medium-sized enterprises (SMEs) to register for funding to help them cope with a new customs system following a potential no-deal Brexit. In December, the Treasury and Revenue & Customs unveiled an £8 million training ...

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Millions of workers boosting incomes through side businesses

Aug 05, 2019

According to the latest research, millions of British workers are boosting their income through 'side hustles'. The study of adults in full-time employment by Vistaprint found that almost a quarter of respondents had turned a hobby into a side business alongside ...

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Best UK cities for female entrepreneurship revealed

Aug 01, 2019

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. The findings come following a study into the attitudes and opinions of 2,000 small business owners ...

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