In light of the recent increase in the Bank of England’s base rate, HM Revenue & Customs (HMRC) has announced a rise in interest on both late paid tax and repayments of tax.
Author Archives: Robb & Co Chartered Accountants in Sutton Coldfield
Tax year basis reform: How does this change affect me?
In the second blog of this series on tax year basis reforms, we will examine how these changes could affect unincorporated businesses.
Tax year basis reform: Should I change my year-end?
In the first blog of this series on tax year basis reforms, we will be discussing the new rules that will affect how unincorporated businesses are taxed from 2023 to 24 and consider whether it is worth changing your accounting period.
Big city hospitality bounces back, but London slower to recover
The hospitality industry has seen a resurgence in the first six months of the year with the top 10 most populous cities outside London bouncing back strongly from the pandemic blues.
How can tourism businesses achieve Net Zero?
As the UK experiences unprecedented high temperatures, your tourism business may well be benefiting from increased sales. However, whilst ice creams are flying off the shelves a much bigger dilemma is presented…
New guidelines could help thousands of Britons cut their debt
Companies have been told by the Government’s Insolvency Service to consider the impact of rising prices and its effect on household incomes -meaning debts could be written off or repayments halved. Continue reading
Businesses must work harder to win the trust of the public
A new survey has shown the UK public’s attitude towards business has improved, but work still needs to be done.
Government review seeks to improve the holiday letting market
A review into the effect of short-term holiday lets has been launched by the Government to improve the holiday letting market for those living in popular tourism destinations.
Businesses can make big tax savings when disposing of assets
With business costs rising as inflation soars, we want to remind companies about the tax incentives that can save businesses thousands of pounds.
Pay boost for millions as National Insurance threshold rises
Further changes to National Insurance Contributions (NIC) kick in from July this year and will be a welcome boost for most taxpayers who suffered an increase in April.