A major change in the way VAT is reported comes into force from tomorrow. Every small business that charges VAT will have to file accounts through the HM Revenue & Customs (HMRC) Making Tax Digital (MTD) system. All VAT-registered businesses must ...
READ MOREMany are feeling the impact of the increasing cost of living on their finances, with the inflation rate soaring to a 30 year high of 6.2 per cent in February. As prices rise across the UK, from the strain of increased ...
READ MOREAs the war in Ukraine rages, UK SMEs are facing new import and export headaches on top of any problems already being experienced with Brexit. Any business involved in international trade, whether importing, exporting or part of the supply chain supply ...
READ MOREExactly two years since the first lockdown was announced, the eyes of the public were firmly fixed on the Chancellor, Rishi Sunak, as he rose to the despatch box in the House of Commons to deliver ...
READ MORERaising revenue is often one of the key objectives for small and medium-sized businesses (SMEs), however it can be a difficult process to navigate. The last two years have had a damaging impact on UK businesses, with closures due to coronavirus ...
READ MOREThe British public is overwhelmingly in support of the temporary 12.5 per cent rate of VAT for hospitality being retained. According to a new poll, nearly 80 per cent are in favour, but the Government seems determined that the rate will ...
READ MOREOne of the key things that small and medium sized businesses (SMEs) need to get right is payroll. Not only is it a legal requirement to maintain the relevant documents and pay the correct amount of tax, getting prepared can help ...
READ MOREHM Revenue & Customs (HMRC) is warning taxpayers to stay alert to tax scams after a surge in fraudulent activity. The report comes after the February Self Assessment deadline, when self-employed business owners expect to be contacted by the tax authority. According ...
READ MOREFollowing Brexit, the UK removed tax-free shopping for tourists which is now having an impact on Britain’s prospects as an international shopping destination, new research reveals. Formerly, when the UK was part of the EU, tourists from outside the EU were ...
READ MORENearly one million taxpayers have been fined after failing to submit their tax return on or before the 28 February Self Assessment deadline, it has been revealed. The report comes after the automatic £100 late submission penalty was waived for one ...
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