Business News


Government confirms that HMRC will get a higher priority when firms go bust


19 Jun 2019

From April next year, HM Revenue & Customs (HMRC) will rank third, just after secured creditors such as banks and …
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MTD for VAT – relaxation on posting supplier statements


19 Jun 2019

HM Revenue & Customs (HMRC) has updated its VAT notice regarding Making Tax Digital (MTD) for VAT to relax several …
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Significant lack of awareness around gifting rules for IHT


19 Jun 2019

A new report published by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS) has …
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EIS and SEIS tax relief funding passes £2.1 billion


19 Jun 2019

A rise over the course of the 2017-18 tax year saw funding for the Enterprise Investment Scheme (EIS) and Seed …
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New code launched to help protect victims of sophisticated banking fraud


19 Jun 2019

A new code has been launched by 17 UK banks to protect customers who fall victim to a sophisticated form …
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Revenue tests new trigger to increase the accuracy of PAYE codes


19 Jun 2019

HM Revenue & Customs (HMRC) is trialling a new trigger, which is intended to improve the accuracy of employees’ PAYE …
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Pass on up to £950,000 tax-free in 2019-20


7 May 2019

As of 6 April, direct descendants can inherit up to £950,000 completely free of income tax from their parents or …
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Beware the Employer Compliance Check Questionnaire


7 May 2019

HM Revenue & Customs (HMRC) is understood to be sending out “Employer Compliance Check Questionnaires” without notifying agents, which could …
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Employers must comply with new payslip rules


7 May 2019

Under the Government’s Good Work Plan, more than 300,000 workers have received a payslip for the first time under new …
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Additional year to prepare for Making Tax Digital for taxes other than VAT


7 May 2019

The Chancellor’s Spring Statement contained an important nugget of information for businesses that had been wondering when they will need …
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