The Government will establish 10 new ‘Freeports’ in a bid to boost growth and encourage trade after the UK leaves the EU.
Read moreAccounting
The number of company insolvencies reaches highest level in five years
The number of company insolvencies has reached the highest level since 2014, according to the latest data.
Read moreNew rules to crack down on ‘phoenix companies’ confirmed for April 2020
Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year.
Read moreHMRC collects £122 million in overseas tax following CRS rule change
HM Revenue & Customs (HMRC) collected £122 million in extra tax from overseas assets in the 2018/19 tax year, following the introduction of the new Common Reporting Standard (CRS) tax regime.
Read moreEverything you need to know about electric company cars and tax
The number of electric cars in Britain recently hit the 200,000 milestone, indicating that the UK is finally coming round to the inevitable idea of an emission-free future.
Read moreThree-quarters of SMEs are afraid of chasing late payments, according to new research
Most small and medium-sized enterprises (SMEs) fear taking action over late payments, according to a new white paper published by Paul Uppal MP, the Small Business Commissioner.
Read moreHMRC publishes Making Tax Digital ‘Mythbusters’ helpsheet
HM Revenue & Customs (HMRC) has published a Making Tax Digital (MTD) ‘Mythbusters’ helpsheet to clarify the current situation regarding businesses and MTD.
Read morePolitical uncertainty continues to stunt growth among small business community
More than seven in 10 small businesses have held back on investment while Brexit uncertainty continues to loom overhead, a new study has revealed.
Read moreMaking Tax Digital – important updates
The VAT notice for Making Tax Digital (MTD) has been updated, relaxing the rules to help clients.
Read moreA quarter of major defaulters on HMRC list are in the restaurant and takeaway industry
A quarter of the cases on HM Revenue & Customs’ (HMRC) list of major defaulters are from the restaurant and takeaway sector, according to the latest data.
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