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Business News
New VAT penalties and interest payments
7th Mar 2023 | Posted by:The new penalties will impact businesses who submit their VAT returns or pay their VAT late. The first monthly returns and payments affected by the penalties are due by 7 March 2023.
Read MoreFuel duty hike 'could have big consequences for small firms' says FSB
2nd Mar 2023 | Posted by:The Federation of Small Businesses (FSB) has warned that the upcoming increase in fuel duty could have significant consequences for small firms.
Read MorePlastic Packaging Tax - Do you need to register?
24th Feb 2023 | Posted by:Plastic Packaging Tax (PPT) was introduced on 1 April 2022. If you manufacture or import 10 or more tonnes of plastic packaging within a 12-month period you must register for PPT on GOV.UK, even if your packaging contains 30% or more recycled plastic.
Read MoreHMRC advisory fuel rates for company car users from 1 March 2023
24th Feb 2023 | Posted by:HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2023, with a further rise in the electric car rate
Read MorePower up your business with Innovation
22nd Feb 2023 | Posted by:Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy.
Read MoreManaging your cash flow is essential right now
15th Feb 2023 | Posted by:With ever increasing supplier prices, a recent rise in interest rates, and a looming recession, managing your business’s cash and understanding the flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success.
Read MoreNew law gives employees more say over their working hours
14th Feb 2023 | Posted by:The UK government has supported the recently introduced “Predictable Terms and Conditions” Bill, which will bring forward changes for tens of millions of workers across the UK.
Read MoreUK Government to crack down on ‘fire and rehire’ practices
13th Feb 2023 | Posted by:The government is taking action against unscrupulous employers that use the controversial practice of ‘fire and rehire’, it has announced.
Read MoreMinimum Wage rates increase from 1 April 2023
8th Feb 2023 | Posted by:Employers should be aware that all minimum wage rates increase on 1 April of each year. This includes all National Minimum Wage rates and the National Living Wage rate.
Read MoreCan you reduce your 2021/22 Tax Bill?
1st Feb 2023 | Posted by:If you would like to legitimately reduce your 2021/22 tax bill that you have just paid, or your bill for 2022/23, you might want to consider investing in shares in qualifying Enterprise Investment Scheme (EIS) companies
Read MoreA Plan to Save SMEs
25th Jan 2023 | Posted by:I remember learning about Just in Time at college. It amazed me that the purchase of a carrot at a supermarket in Rotherham would immediately result in Jethro extracting its replacement from a field in Lincolnshire.
Read MoreTax receipts total £553 billion as threshold freeze bites
25th Jan 2023 | Posted by:Total tax receipts have hit £553.2bn so far this year, up £48bn on the same period a year earlier, with a £1.7bn boost from the windfall tax on energy producers
Read MoreInflation falls slightly to 10.5%
19th Jan 2023 | Posted by:The rate of inflation may now have peaked but the cost-of-living crisis continues to put pressure on businesses and households, says the Confederation of British Industry (CBI).
Read MoreHMRC cracks down on rogue repayment agents
18th Jan 2023 | Posted by:HMRC is taking immediate action to clamp down on rogue repayment agents who entice taxpayers into agreements to reclaim overpaid tax while taking large commissions
Read MoreEnergy support for business cut from April
10th Jan 2023 | Posted by:Businesses, charities, and the public sector will receive limited energy discounts from 1 April in a year-long £5.5bn package announced by the Chancellor
Read MoreCrypto gains must be included on tax returns
6th Jan 2023 | Posted by:It is important to report gains on crypto assets, such as Ethereum, Bitcoin and non-fungible tokens (NFTs), on tax returns as they are subject to income tax and capital gains tax (CGT)
Read MoreFood price inflation hit record high in December
6th Jan 2023 | Posted by:UK food prices rose at a record rate in December as families stocked up for Christmas, according to data from the British Retail Consortium (BRC).
Read MoreHMRC raises late payment interest from 6 January
28th Dec 2022 | Posted by:HMRC will raise interest rates on tax debt from 6 January following the latest 0.5% increase in the Bank of England base rate
Read MoreKing Charles III bank notes due in 2024
23rd Dec 2022 | Posted by:The King Charles III bank note designs have been revealed by the Bank of England, which are likely to enter circulation in 2024
Read MoreNew Year Resolutions to Save Tax
21st Dec 2022 | Posted by:At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.
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