HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period. The letter, found here, outlines the actions businesses need to take to “avoid disruption” to ...
READ MOREThe disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors. According to a Freedom of Information request to the Small Business Commissioner (SBC), submitted by the UK Domain, there ...
READ MOREEven more struggling businesses affected by Covid-19 can now access finance under the Coronavirus Business Interruption Loan Scheme (CBILS), it has been announced. It comes after changes to EU State Aid rules, meaning businesses classed as “undertakings in difficulty” now have ...
READ MOREThe new Chancellor, Rishi Sunak has offered reassurance to contractors that HM Revenue & Customs (HMRC) will ensure a soft landing is in place for the first year following the implementation of the IR35 rules. This means that HMRC will not ...
READ MOREThe Government has launched a consultation on plans to create up to ten freeports across the UK in a bid to encourage global trade and attract inward investment following Brexit. The proposed freeports will use different customs rules to the remainder ...
READ MOREThe deadline for applying for customs and tariff support has been extended to 31 January 2021, the Government has announced. The grant funding scheme, launched in September 2019, was set to close on 31 January 2020. Under the scheme, small and medium-sized ...
READ MOREAhead of the introduction of the new off-payroll working rules, HM Revenue & Customs (HMRC) has published a factsheet outlining the changes and what they mean for small businesses. Under the legislation, officially known as IR35, employers will be held responsible ...
READ MOREThe National Minimum and Living Wage will increase from 01 April 2020, the Government has confirmed. Under approved plans, the National Living Wage (NLW) - for workers over the age of 25 - will rise by 6.5 per cent from £8.21 ...
READ MOREAccording 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 ...
READ MOREBusinesses 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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