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Business News

Small businesses see changes to the VAT Flat Rate Scheme
3 Apr 2017

Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes, which came into effect at the beginning of this month. The Flat Rate Scheme was created…
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Warning over unexpected late payment notices in relation to now-liquidated companies
3 Apr 2017

A number of prominent UK collection agencies appear to be closely monitoring liquidations and issuing some businesses and individuals who have purchased goods and services from now-liquidated companies with unexpected payment notices. In some cases, such notices may demand interest…
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Trivial in name only – do you know the rules on trivial benefits in kind?
3 Apr 2017

Although designated as ‘trivial’ by the taxman, trivial benefits in kind can result in tax savings for you and your employees, which can be anything but trivial. The rules cover benefits such as taking employees out for meals or giving…
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Making Tax Digital: Cash basis accounting for landlords
3 Apr 2017

As part of the introduction of Making Tax Digital, HM Revenue & Customs (HMRC) has confirmed that it will extend the simplified cash basis of accounting for businesses with a turnover below £150,000. This expansion of cash basis accounting is…
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Record number of employers underpaying workers
3 Apr 2017

As the National Minimum Wage prepares to go up this month, the Department for Business, Energy and Industrial Strategy has released its latest ‘rogue’s gallery’ of under payers – and it is the biggest list to date. More than 350…
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Businesses are more buoyant, says the Bank of England
3 Apr 2017

New research from the Bank of England has shown that Britain’s businesses are feeling more confident and are planning to invest more in the months ahead. According to the Bank’s most recent Agents’ Summary of Business Conditions, investment in research…
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Does Annual Tax on Enveloped Dwellings (ATED) apply to you?
3 Apr 2017

While changes affecting private residential landlords have made headlines in recent years, the ATED regime is a significant cost for companies, LLPs and partnerships that own a UK residential property valued at more than £500,000. The ATED regime requires you…
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Give your business’ finances a spring clean
3 Apr 2017

With the clocks now having sprung forward and the new tax year upon us, what better time to give your business’ finances a spring clean? There are a number of steps you can take to ensure that you make the…
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Spring Budget 2017
8 Mar 2017

Various rumours were swirling around Westminster in the days before Philip Hammond rose to deliver his first Budget – confirmed as the last time a major fiscal statement will be made in the spring. The Chancellor, still scarcely nine months…
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New late payment regulations to come into force
2 Mar 2017

On 6 April 2017 new rules will come into force that will require Limited Liability Partnerships (LLPs) and medium and large companies to publish reports on their payment practices. The Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 and The…
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