HMRC winding up petitions reach four year high
Jan 02, 2020
According to the latest official figures, the number of companies that were wound up last year following intervention from HM Revenue & Customs (HMRC) reached the highest level for four years. The clampdown on companies that go bust whilst owing a ...
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Businesses urge Government to negotiate post Brexit trade deals
Dec 19, 2019
Businesses are urging Prime Minister Boris Johnson to begin negotiations on the terms of the UK’s future relationships with the European Union (EU) after Brexit. Following the Conservative victory in the election, businesses are urging the Prime Minister to follow up ...
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A quarter of SMEs fear they will go bust within five years
Dec 12, 2019
According to research from accounting software platform Xero, a quarter of small business owners believe their company will go bust within the next five years. Four in 10 owners of small to medium-sized enterprises (SMEs) claim to be going through the ...
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Late payments are significantly affecting UK SMEs
Dec 09, 2019
According to MarketFinance Business Insights, small and medium-sized enterprises (SMEs) are experiencing greater delays in receiving payments, with the average length of time doubling from 12 days to 23 days over the past year. The latest analysis revealed that these invoices ...
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VAT receipts rise to record £133 billion
Dec 02, 2019
The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors. The latest figures from HM Revenue & Customs (HMRC) indicate that revenue has increased ...
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Fall in number of arrests for tax evasion
Nov 28, 2019
According to industry figures, the number of people arrested in the UK on suspicion of tax evasion has reached the lowest level for five years. The figures obtained by law firm RPC revealed that there were 782 arrests made during 2018/19, ...
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A tax guide for SMEs
Nov 25, 2019
According to accounting software provider, QuickBooks, over 50 per cent of UK small and medium-sized enterprise (SME) owners have made a mistake when filing their VAT returns, while just a quarter (25 per cent) feel confident that they have filed their ...
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Majority of employees uncomfortable discussing finances at work
Nov 21, 2019
According to the latest research, two-thirds of employees do not feel comfortable talking about their finances at work, despite more than a fifth of people struggling to make ends meet. The research published by Business in the Community as part of ...
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Business owners hit by flooding granted “immediate relief” from business rates
Nov 18, 2019
Business owners hit by recent flooding will have “immediate relief” on their business rates, it has been announced. Confirming the move today, the Prime Minister said both businesses and households will be exempt from council tax and business rates. It comes after ...
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Millions at risk of being left behind by a cashless society
Nov 14, 2019
According to the latest research, cash usage is declining throughout the world, with credit/debit cards, bank transfers and eWallets becoming the most popular method of payment during the last year. The increase in the use of contactless payments systems has also ...
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