120,000 businesses failed to meet the Making Tax Digital deadline

Posted in Blog, HMRC, Making Tax Digital | Posted on 16 Sep, 2019

HM Revenue and Customs (HMRC) has revealed that 1.1 million businesses have now signed up for Making Tax Digital (MTD) and so far, 1.2 million VAT returns have been successfully submitted through the service.

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National Audit Office leads independent review of controversial Loan Charge

Posted in Blog, HMRC, SMEs, SMEs / Business | Posted on 13 Sep, 2019

A major regulator will lead an independent review into the controversial Loan Charge scheme after concerns that taxpayers were “not ready” to face the penalty.

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More than 2,800 retail stores closed during first half of 2019

Posted in Blog, SMEs, SMEs / Business | Posted on 12 Sep, 2019

According to the latest industry research, around 16 shops are closing every single day on UK high streets as retailers look to restructure their businesses and adapt to increased levels of online shopping.

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Making Tax Digital: what happens next?

Posted in Blog, HMRC, Making Tax Digital, SMEs, SMEs / Business, Tax | Posted on 11 Sep, 2019

Making Tax Digital (MTD) for VAT was launched in April 2019, which means that hundreds of thousands of businesses are now recording and reporting their accounts digitally to HM Revenue & Customs (HMRC).

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New council to increase access to small business finance, says minister

Posted in Blog, SMEs, SMEs / Business | Posted on 6 Sep, 2019

A new enterprise scheme will help small and medium-sized businesses to access finance and take advantage of post-Brexit business opportunities, it has been revealed.

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Over £1.6 billion in tax owed to HMRC by self-employed

Posted in Blog, Tax | Posted on 5 Sep, 2019

According to the latest industry research, HM Revenue & Customs (HMRC) is currently owed £1.6 billion in late tax payments from self-employed individuals for 2017 and 2018.

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Thousand-year-old coin collection is the earliest form of tax fraud

Posted in Tax | Posted on 2 Sep, 2019

A thousand-year-old collection of Norman coins has been revealed as the earliest form of tax evasion.

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Small businesses raise millions through Bank Referral Scheme, figures show

Posted in Blog, SMEs, SMEs / Business | Posted on 30 Aug, 2019

More than 1,700 businesses have been granted alternative finance options through the Bank Referral Scheme (BRS) after being turned down for traditional business loans, new figures reveal.

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Government launches £10 million Brexit Readiness Fund

Posted in Blog, SMEs, SMEs / Business | Posted on 29 Aug, 2019

The Government has launched a £10 million Brexit readiness fund that will help provide support for businesses who are preparing for Brexit ahead of the 31 October deadline.

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HMRC publishes IR35 guidance

Posted in Blog, HMRC, SMEs, SMEs / Business, Tax | Posted on 28 Aug, 2019

HM Revenue & Customs (HMRC) has published its first in-depth guidance for off-payroll workers (IR35) and how they will operate in the private sector.

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