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
The British Chambers of Commerce (BCC) has this month downgraded its growth expectations for the UK economy in response to “continued Brexit uncertainty”.
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).
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carried out by Barclaycard found that more than one-fifth of finance bosses consider their accounting software is outdated, while 16 per cent revealed that companies are not making the most of early payment discounts,
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.
According to a new report by Make UK and Santander manufacturing, the UK electronics sector experienced fast rapid growth in 2018.
Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion.
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.
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.
The number of VAT-registered businesses exporting goods across the UK has increased to 110,800, new figures have revealed.