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


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”.


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).


Businesses losing out on £6.7 billion by using out of date accounting systems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carried out by Barclaycard found that more than one-fifth of finance bosses consider their accounting software is outdated, while 16 per cent revealed that companies are not making the most of early payment discounts,


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.


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.


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.


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.


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.


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.