Are you ready for the changes to the National Minimum and Living Wage?
Mar 03, 2022
From 1 April, employers must be ready for increases to the National Minimum and Living Wage rates. Under the upcoming changes, the National Living Wage will increase to £9.50 an hour – an increase of 59p per hour from the current ...
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How would an Online Sales Tax affect your business?
Mar 01, 2022
The UK Government is set to assess whether to introduce an Online Sales Tax (OST) as a solution to the tax imbalance in the retail sector. Why is there a tax imbalance? Throughout the pandemic, the retail sector was heavily impacted by ...
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Here’s how you can claim the 2022 council tax rebate
Feb 24, 2022
Households must set up a direct debt with their local council before they can receive the 2022 council tax rebate, it has been confirmed. The notice comes after the Government announced that millions of families in England will be eligible to ...
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What is ‘greenwashing’ and how can you spot it?
Feb 21, 2022
With climate change on most people’s agenda, and an increasing pressure on individuals to operate in an environmentally friendly way, companies may use this to their advantage to secure investment. ‘Greenwashing’ is when companies market themselves as being environmentally friendly, but ...
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Nearly 100,000 taxpayers spread cost of tax bill into manageable monthly instalments, HMRC reveals
Feb 17, 2022
Nearly 100,000 taxpayers used HM Revenue & Customs’ (HMRC) Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed. The figures, published by the tax authority, come after the 31 January Self Assessment ...
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NFT fraudsters arrested by HMRC
Feb 14, 2022
Three people have been arrested on the suspicion of attempting to defraud HM Revenue & Customs (HMRC) for a total of £1.4 million. The suspects may have committed VAT fraud by using Non-Fungible Tokens (NFTs) for 250 possibly fraudulent companies. An ...
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Benefits of cloud accounting software far outweigh costs, study reveals
Feb 11, 2022
Cloud accounting software adopters are more likely to experience the benefits of Making Tax Digital (MTD) for VAT than those using only bridging software, a new study has revealed. The research, published by HM Revenue & Customs (HMRC), comes ahead of ...
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How can apprenticeships help your business?
Feb 07, 2022
As you may know it is currently National Apprenticeship Week 2022 (NAW). From 7 February to 13 February 2022, the Government is running this campaign to highlight benefits of apprenticeships for both employers and employees. The theme for this year’s NAW ...
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Cryptocurrency and working out your tax liabilities
Feb 03, 2022
Cryptocurrencies are proving volatile at the moment with values tanking and then picking up again as the market fluctuates. But with an estimated more than two million currency holders in the UK, many may not be aware of their tax obligations ...
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Student loans: what is changing for graduates in April
Feb 01, 2022
The earning threshold for Plan 2 student loan repayments in England and Wales will remain frozen for the tax year 2022-23, it has been announced. Currently, the threshold for undergraduate loan repayments stands at £27,295 per year and will remain at ...
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