HMRC issue incorrect CGT allowance to thousands of taxpayers

Jul 01, 2019

HM Revenue and Customs (HMRC) has recently issued nearly 350,000 incorrect short tax returns, indicating an error in taxpayers’ capital gains allowance. CGT is payable on the overall gain from the sale of an asset such as a business, second home, ...


Drunk people in the workplace cost UK economy £1.4 billion a year

Jun 27, 2019

New research has revealed that as many as 89,000 people are turning up to work hungover or under the influence of alcohol every day, costing the economy around £1.4 billion a year. Earlier this year, Lloyd’s of London featured in the ...


Is your business compliant with the Making Tax Digital rules?

Jun 24, 2019

According to new research, thousands of UK businesses could find themselves under scrutiny from HM Revenue & Customs (HMRC) for failing to follow new rules on keeping digital records. Under the new called Making Tax Digital (MTD) initiative, more than one ...


Government announces new measures to ensure SMEs are paid on time

Jun 20, 2019

The Government has announced new measures to ensure that small businesses get paid on time. The new rules will see large businesses fined for the first time for failing to pay smaller suppliers on time as part of a package of ...


SMEs receive a record £6.7 billion in equity funding

Jun 17, 2019

Last year, small and medium-sized enterprises (SMEs) attracted a record £6.7 billion in equity investments, representing a five per cent year-on-year increase. According to the British Business Bank’s annual Small Business Equity Tracker report, the UK equity investment market has grown ...


TSB launches digital advice program to support small business owners

Jun 13, 2019

A nationwide programme has been launched by high street bank TSB in a bid to help improve the digital expertise of small business owners. As more and more day to day business tasks move online, small businesses and self-employed workers are ...


HMRC refunds £1.8 million child benefit tax penalties

Jun 10, 2019

HM Revenue and Customs (HMRC) has issued £1.8 million in refunds after reviewing cases where families were hit with penalties for failing to register for a charge relating to their child benefits. Thousands of penalties have been cancelled as a result ...


Businesses are not adapting for millennial dads

Jun 06, 2019

In today’s society, there has been a ‘seismic shift’ among male millennials, yet, recent research has revealed that the majority of businesses are failing to understand that they need to be offering the flexibility these employees require to balance work ...


HMRC backs down from pension tax case

Jun 03, 2019

HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy. As a result, this could mean savers who have accidentally breached their lifetime allowance fixed protection ...


Victims of scams to be refunded by banks

May 30, 2019

Thousands of people who fall victim to scams are to receive new protection after a number of the UK’s biggest banks agreed to introduce a new code. The code will give people better protection against authorised push payment scams, where victims ...


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