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

Posted in Blog, HMRC, Tax | Posted on 1 Apr, 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

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BCC “downgrades” UK economic growth in response to Brexit uncertainty

Posted in Blog | Posted on 29 Mar, 2019

The British Chambers of Commerce (BCC) has this month downgraded its growth expectations for the UK economy in response to “continued Brexit uncertainty”.

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Barclays announce £14 billion funding to support UK businesses

Posted in Blog, Economy, SMEs, SMEs / Business | Posted on 28 Mar, 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).

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Businesses losing out on £6.7 billion by using out of date accounting systems

Posted in Blog, SMEs, SMEs / Business | Posted on 27 Mar, 2019

Research carried out by Barclaycard found that more than one-fifth of finance bosses consider their accounting software is outdated, while 16 per cent revealed that companies are not making the most of early payment discounts,

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HMRC reveals MTD registration takes seven working days

Posted in Blog, HMRC, Making Tax Digital, SMEs, SMEs / Business | Posted on 21 Mar, 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.

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UK electronics sector boasts two thirds of growth in UK industry

Posted in Blog, Economy, SMEs / Business | Posted on 20 Mar, 2019

According to a new report by Make UK and Santander manufacturing, the UK electronics sector experienced fast rapid growth in 2018.

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Many businesses unaware of the criminal offences associated with tax evasion

Posted in Blog, Tax | Posted on 18 Mar, 2019

Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion.

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No-deal Brexit: Details published of temporary tariff regime

Posted in Blog | Posted on 15 Mar, 2019

The Government has this month published details of the UK’s temporary tariff regime should the UK leave the EU without a deal later this year.

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Chancellor wants to tackle late payments in the UK

Posted in Blog, SMEs, SMEs / Business | Posted on 14 Mar, 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.

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Number of exporting businesses increase ahead of Brexit

Posted in Blog, SMEs / Business | Posted on 8 Mar, 2019

The number of VAT-registered businesses exporting goods across the UK has increased to 110,800, new figures have revealed.

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