Universities warned that students are vulnerable to tax scams

Posted in Blog, HMRC, Scams, Tax | Posted on 30 Sep, 2019

With universities across the UK welcoming new and returning students, HM Revenue & Customs (HMRC) has issued a warning about tax scams.

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Increasing number of pension savers hit by tax charges

Posted in Blog, HMRC, Pensions, Tax | Posted on 27 Sep, 2019

An increasing number of people saving for retirement have been hit by tax charges for exceeding the amount they are allowed to put away tax-free.

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Businesses taking extra cash-flow measures ahead of Brexit

Posted in Blog, SMEs, SMEs / Business | Posted on 26 Sep, 2019

According to the latest research, small business owners are increasing the amount of cash they’re holding in current accounts ahead of Brexit.

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HMRC wins IR35 case against BBC presenters

Posted in Blog, HMRC, SMEs, SMEs / Business, Tax | Posted on 25 Sep, 2019

HM Revenue & Customs (HMRC) has won an IR35 tribunal case against three BBC presenters at the High Court, which could have a significant impact on the broadcasting industry.

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Number of non-doms in the UK has fallen to a record low

Posted in Blog, HMRC, Tax | Posted on 23 Sep, 2019

According to figures published by HM Revenue and Customs (HMRC), the number of people who live in the UK but pay no tax on their offshore income has fallen to a record low.

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Annuity rates plummet

Posted in Blog, Financial Planning | Posted on 19 Sep, 2019

According to recent research, pension annuities collapsed to an all-time low earlier this month, and this led some people to question whether taking out this ‘income for life’ is a worthless exercise.

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HMRC announces £16 million Brexit grant fund

Posted in Blog, HMRC, SMEs, SMEs / Business | Posted on 18 Sep, 2019

HM Revenue & Customs (HMRC) has announced a £16 million fund for businesses to claim grants to cover Brexit related costs.

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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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