Business News


270,000 late penalty notices cancelled by the Revenue


2 May 2018

A response to a freedom of information request has revealed that HM Revenue & Customs (HMRC) cancelled 270,000 late penalty …
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OTS calls for overhaul of ‘complex’ tax charges and reliefs


2 May 2018

An overhaul of “the complex patchwork” of tax charges and reliefs affecting businesses throughout various stages of the business lifecycle …
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1.3 million SMEs hoping to branch out internationally to boost growth


2 May 2018

An annual survey suggests that some 1.3 million UK-based small and medium-sized enterprises (SMEs) intend to branch out overseas this …
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Workplace pension contributions more than double


2 May 2018

The percentage of salary employers and employees must contribute to a workplace pension has increased from 6 April 2018. Employees …
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Dividend Allowance cut could cost you £1,143. Is it time to restructure?


2 May 2018

For a while, company directors have been able to make a tax-efficient living by taking a combination of salary and …
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Do you offer an EMI scheme? These are the new rules you need to know about


2 May 2018

EU State Aid approval for the Enterprise Management Incentives (EMI) scheme expired on 6 April 2018, meaning any share options …
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Millions of people have not checked their online tax accounts for errors


5 Apr 2018

Millions of people from across the UK could be paying more tax than they need to, it has emerged, after …
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Late payments in the spotlight after Carillion collapse


5 Apr 2018

Small businesses in the UK have long been scourged by late payments, but the problem was brought into sharp focus …
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Quarterly digital reporting to HM Revenue & Customs opens to self-employed individuals


5 Apr 2018

Since March this year, self-employed individuals have had the option of reporting their income digitally to HM Revenue & Customs …
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HMRC takes new steps to tackle online VAT fraud


5 Apr 2018

HM Revenue & Customs (HMRC) has been granted new powers to help combat online VAT fraud conducted on digital marketplaces. …
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