A new study published this week reveals that UK small businesses bosses and decision-makers are ‘wasting’ anywhere up to two full days every week managing workplace processes and administrative procedures. Continue reading
House of Lords report criticises HMRC’s treatment of taxpayers
A new House of Lords report published this week argues that HM Revenue & Customs (HMRC) is treating taxpayers ‘unfairly’. Continue reading
Study suggests average small business is owed almost £25k in late payments
A new study carried out by cloud software provider Xero reveals that the average small British business is owed almost £25,000 in late payments. Continue reading
SMEs need to invest more time and money in recruitment and productivity
UK small and medium-sized enterprises (SMEs) are being urged to invest more time and money in improving recruitment and workplace productivity, after a new study found that ‘underperforming employees’ are costing small businesses almost £40,000 a year. Continue reading
SMEs more likely to suffer cyber attacks than larger firms, study suggests
New official research suggests that small and medium-sized enterprises (SMEs) are more likely to encounter a cyber attack or data breach than larger firms and corporates. Continue reading
Amount of VAT outstanding from UK businesses hits five-year high
HM Revenue & Customs (HMRC) is owed a record £3 billion in outstanding VAT payments by UK businesses, it has emerged. Continue reading
High Income Child Benefit Charge taxpayers may be entitled to a penalty refund
High Income Child Benefit Charge penalty cases will be reviewed and refunds issued if it is found that the customer had a reasonable excuse for not meeting their tax obligation, HM Revenue & Customs (HMRC) has announced. Continue reading
Majority of Britons to pay less income tax following changes announced in Budget
The majority of Britons will pay less income tax from April 2019 following important changes announced in this week’s Autumn Budget. Continue reading
Lords committee warns of “huge under-preparedness” ahead of Making Tax Digital
With Making Tax Digital (MTD) for VAT due to be rolled out in less than six months’ time, Lords have warned that there is “overwhelming evidence” indicating that businesses are still “under-prepared.” Continue reading
Making Tax Digital for VAT pilot launched by HMRC
HM Revenue & Customs (HMRC) has this week opened a pilot scheme for Making Tax Digital (MTD) for VAT – the first phase of the Government’s digital tax reporting overhaul. Continue reading