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1.8 million yet to submit tax return, HMRC reveals

Posted on 2 Feb, 2021

Around 1.8 million taxpayers failed to submit their 2019/20 Self Assessment tax return before this year’s 31 January deadline, new figures have revealed.

UK formally applies to join Comprehensive and Progressive Trans-Pacific Partnership

Posted on 1 Feb, 2021

The UK has “formally applied” to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) – one of the largest free-trade areas in the world.

Car production reaches the lowest point in nearly 40 years

Posted on 28 Jan, 2021

According to the latest industry figures, the number of vehicles that were made in the UK in 2020 significantly decreased to the lowest total since 1984.

Time is running out to simplify VAT, digital exporters told

Posted on 26 Jan, 2021

Digital exporters have just weeks left to register with the VAT mini one stop shop (MOSS), it has been warned.

Online fashion retailer Boohoo set to take over Debenhams brand, reports reveal

Posted on 25 Jan, 2021

Online fashion retailer Boohoo has acquired the Debenhams brand and website for £55 million, reports have revealed.

COVID-related disruptions are a ‘reasonable excuse’ for late Self-Assessment returns

Posted on 21 Jan, 2021

HM Revenue and Customs (HMRC) accepts coronavirus-related disruptions, both within an individuals’ personal and business life, as a ‘reasonable excuse’ for missing the Self-Assessment tax return deadline. However, individuals must write an appeal, providing evidence or explaining how COVID-19 delayed

Hundreds of thousands leave Self Assessment to day of deadline, figures reveal

Posted on 19 Jan, 2021

Ever wondered how many people file their tax return on the first day of the new financial year? And do you ever think about how many taxpayers leave their annual return to the very last minute?

Government backs more than 1.4 million loans to support businesses during pandemic, figures reveal

Posted on 18 Jan, 2021

More than 1.4 million Government-backed loans have now been delivered to businesses affected by the coronavirus pandemic, a major study has revealed.

Self-Assessment: 25,000 taxpayers have set up an online payment plan through HMRC’s Time to Pay

Posted on 14 Jan, 2021

Around 25,000 Self-Assessment taxpayers have set up an online payment plan through HM Revenue & Customs ‘Time to Pay’ system to manage their tax returns over 12 monthly instalments, official figures from HMRC have revealed.

Is your business ready for 2021? Get set for the year ahead with cloud accounting, management accounts and business planning

Posted on 14 Jan, 2021

Businesses have numerous unexpected challenges over the past year, with the coronavirus pandemic having an unprecedented impact on our lives. With England now in national lockdown once again, it’s more important than ever to ensure that your business is prepared