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Be prepared for changes to VAT penalties and VAT interest charges - June 10, 2022
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Changes to charges and penalties applied to late submission of VAT returns will kick in from January next year. For the VAT period starting on or after 1 January 2023, new penalties will replace the default… |
Penalties for misuse of Coronavirus Job Retention Scheme - June 10, 2022
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New legislation allows HM Revenue & Customs (HMRC) to recover Coronavirus Job Retention Scheme (CJRS) grants that have been overclaimed. Those who fall foul of the legislation could face interest charges,… |
How hard-pressed SMEs can obtain business support - June 10, 2022
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Small businesses are the lifeblood of the UK economy, but with rapid inflation and other economic headwinds making trade difficult, they can struggle to access support. There is a wide range of important… |
National Insurance thresholds are changing – Are you ready? - June 10, 2022
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From 6 July 2022, the Primary Threshold (PT) for National insurance will increase to £12,570. This is the threshold at which employees begin paying National Insurance contributions (NICs). This will bring… |
Managing costs to offset spiralling inflation – Our top tips for cutting your bills - June 10, 2022
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A leading business organisation has highlighted the problems faced by industry after new figures show a steep rise in business costs. According to figures from the Office for National Statistics (ONS),… |
Take action – Loans to small businesses drop to record low - June 10, 2022
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Research from the Federation of Small Businesses (FSB) shows that successful applications for finance among members have dropped to the lowest level on record. Conversely, figures from the Bank of England… |
Expansion of the Trust Registration Service – What you need to know - May 11, 2022
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From 1 September, changes to the rules regarding the Trust Registration Service (TRS) mean that more trusts will need to be registered with HM Revenue & Customs. The TRS was introduced five years ago… |
Could Government-backed business loans become permanent? - May 11, 2022
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Throughout the pandemic and into the current recovery period, the Government has offered a number of loans to help businesses survive and invest for their future. However, only the Recovery Loan Scheme… |
Our top tips for hiring your first employee - May 11, 2022
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There has been a surge in new company formations in the last few years, as entrepreneurs develop new and exciting business ideas and bring them to market. On top of this, there are a growing number of… |
Working from home tax relief continues, but fewer employees likely to be eligible this year - May 11, 2022
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HM Revenue & Customs (HMRC) has retained its online portal for claiming working from home tax relief for the 2022/23 tax year. But, while the rules and value of the relief remain unchanged, unless… |
Latest News
Jun
Changes to charges and penalties applied to late submission of VAT returns will …
Read more…
Jun
New legislation allows HM Revenue & Customs (HMRC) to recover Coronavirus …
Read more…
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