Business News

Time is almost up to prepare for changes to VAT

Posted on 13 Feb, 2019

VAT is currently the third largest source of revenue in the UK, but unlike other areas of taxation how it is recorded and collected differs significantly for businesses. This complex area of tax is often one that we are questioned

Payroll sector prepares for key changes in 2019/20

Posted on 1 Feb, 2019

The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of how businesses could be affected by these changes, below are

Entrepreneurs’ Relief changes fail to meet up to the test

Posted on 1 Feb, 2019

During the last Budget, the Government announced new conditions to entrepreneurs’ relief that would take immediate effect to change the definition of a “personal company” for shareholders who claim entrepreneurs’ relief. By introducing these changes, they hope to restrict shareholders

Just over half of businesses are prepared for Making Tax Digital

Posted on 1 Feb, 2019

A new study into preparations for Making Tax Digital amongst businesses has found that only 57 per cent of firms are ready to comply with the new regime by 1 April 2019. Despite the various delays and changes to the

Late payers to be flagged up to businesses under new proposals

Posted on 1 Feb, 2019

The Small Business Commissioner, Paul Uppal, has recommended a new “traffic light” system that will warn smaller firms which businesses have a consistent record of late payment and those most likely to request longer payment terms. It is thought that

HM Revenue & Customs drops insistence that all company directors must submit tax returns

Posted on 1 Feb, 2019

HM Revenue & Customs (HMRC) has dropped its insistence that all company directors must submit tax returns following a series of tribunal rulings. For several years, HMRC has advised in its guidance on the gov.uk website that company directors should

Automatic Enrolment contributions to increase

Posted on 1 Feb, 2019

The next increase in Automatic Enrolment (AE) pension contributions for both employees and employers will take place from 6 April 2019. The minimum employer contribution will increase from two per cent to three per cent, while the employee contribution will

Businesses implore MPs to delay Brexit

Posted on 31 Jan, 2019

According to industry experts, businesses in the UK are “praying” that MPs do everything they can to avoid a no-deal Brexit, including pushing the decision date back.

SME staff favour flexible working over other workplace benefits

Posted on 10 Jan, 2019

Flexible working is at the top of the list of the most desired benefits for people working in small and medium-sized enterprises (SMEs), according to new research – with more than two fifths saying that this is their favourite benefit.

Is your business overlooking the cost impact of employee absences?

Posted on 10 Jan, 2019

A recent report has found that more than half of the UK’s employers either do not know or do not record the percentage of payroll represented by sickness absence cost per annum. The report found that only 45 per cent