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Government announce further support for UK businesses

Apr 18, 2019

The Government has announced a further wave of financial support for UK businesses in a bid to ensure that innovative firms are able to access the finances they need to grow. The additional £200 million will go towards supporting high growth ...

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Cyber-crimes can affect any business

Apr 15, 2019

Nowadays every business relies on technology to some extent to perform their everyday business tasks. However, as our reliance on digitalisation and computers evolves, data and privacy are becoming a primary concern, with an increased prevalence of cyber-related crimes. Figures have indicated ...

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Government names and shames high street giant over late payments

Apr 11, 2019

The Government’s Small Business Commissioner Paul Uppal has named and shamed high street health food giant Holland & Barrett over their payment practices. The high street chain is considered to be the biggest company to have been named and shamed to ...

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HMRC extends £8 million customs funding training deadline

Apr 08, 2019

HM Revenue & Customs (HMRC) has announced that the deadline for applications for funding from a Government initiative designed to help businesses prepare for the UK’s exit from the European Union (EU) has been extended to 31 May 2019. The £8million ...

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Making tax digital is live today, yet one million businesses are not registered

Apr 01, 2019

As of today, UK based businesses that have a taxable turnover above the VAT threshold of £85,000 will be required to switch to the new digital tax service to report earnings and calculate VAT owed. HM Revenue and Customs (HMRC) had previously ...

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Barclays announce £14 billion funding to support UK businesses

Mar 28, 2019

Barclays bank has announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU). Recently, the Bank of England’s Governor Mark Carney ...

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HMRC reveals MTD registration takes seven working days

Mar 21, 2019

HM Revenue & Customs (HMRC) has warned that registration for Making Tax Digital (MTD) for VAT will take up to seven days to complete and will not be a real-time service. In the latest piece of guidance for businesses who need ...

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Many businesses unaware of the criminal offences associated with tax evasion

Mar 18, 2019

Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion. On 30 September 2017, the Criminal Finances Act was introduced; which meant companies and partnerships can be found liable for failing ...

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Chancellor wants to tackle late payments in the UK

Mar 14, 2019

Currently, in the UK, late payments are a serious issue, especially for small medium-sized enterprises (SMEs) who have to chase invoices from large suppliers, thus causing a disruption in the channel with resellers. According to research conducted by Bacs Payment Schemes ...

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Spring Statement 2019

Mar 13, 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, ...

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