If you are planning on treating staff this Christmas, here’s a brief guide to the tax rules for the 2021/22 financial year.
Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed.
The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage.
Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a result.
With England being in its third lockdown, it is essential to ensure you are doing what you can to maintain your business through this trying time.
HMRC may waive penalties on late corporation tax returns caused by Covid-19 disruption, ICAEW reveals
HM Revenue & Customs (HMRC) may waive penalties for businesses who file late corporation tax returns as a result of Covid-19 disruption, it has been revealed.
Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed.
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.
Budget summary When Philip Hammond delivered the last Budget 499 days ago, in the midst of the Brexit negotiations, he could not have imagined that the next Budget would be dominated by the spread of a lethal contagion. Nor is it likely that he thought Rishi Sunak – then a relatively inconspicuous junior minister –…
A recent study suggests that the UK economy could benefit by up to £15.3 billion if SMEs introduce the use of digital technology, tools and connectivity within their organisation.