SMEs
IR35: House of Lords committee calls for reform of off-payroll working rules
Apr 30, 2020
A House of Lords committee report that is reviewing the planned changes to the IR35 off-payroll working rules has called for a reform of the rules, stating that there are ‘inherent flaws’ in the legislation. IR35 was intended to be introduced ...
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Businesses who defer VAT payments should continue to file returns as usual, says HMRC
Apr 28, 2020
Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed. The guidance comes after the Government announced that all businesses severely affected by Covid-19 ...
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Retail, hospitality and leisure firms set for £10 billion business rates savings
Apr 24, 2020
Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed. The new statistics come after the Government launched its comprehensive business rates relief package for ...
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Employers should continue to meet automatic enrolment obligations despite coronavirus disruption, says TPR
Apr 20, 2020
Employers should continue to enrol, re-enrol and contribute towards workers’ pensions whether they are furloughed or not, The Pensions Regulator (TPR) has confirmed. The warning forms part of new guidance designed to help firms affected by Covid-19 meet their automatic enrolment ...
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Deferring VAT – HMRC confirms businesses should cancel VAT direct debits
Mar 25, 2020
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to ...
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Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses
Mar 23, 2020
The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in ...
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IR35 delayed for a year because of coronavirus
Mar 18, 2020
The Government has announced that the IR35 tax reforms which were due to be implemented on 6 April 2020 have been delayed for a year because of the ongoing coronavirus outbreak. The changes to off-payroll working rules, which would see all ...
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Is your business ready for the payroll year-end?
Mar 16, 2020
With the payroll year-end fast approaching, you must ensure that your business is complying with the necessary payroll obligations. In this blog we have outlined some key dates and tasks that need to be completed. The key dates are as follows: 5 April ...
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Almost a fifth of businesses fell into their overdraft in past year
Mar 05, 2020
According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow. The survey by cashflow management company Fluidly involved 19,799 companies and found that ...
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Chancellor offers reassurance regarding ‘soft’ IR35 landing
Feb 27, 2020
The 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 ...
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