‘Tax Day’ helping to create a modern tax system
26-03-21
The self-employed could be forced to pay taxes in the same way as most workers, tax loopholes for second homes …
12-Mar-2021
UK overseas territories top list of world’s tax havens
British overseas territories occupy the top three places in the Tax Justice Network’s top 10 list of the world’s tax havens. The British Virgin Islands is top of the pile, …
12-Mar-2021
Move to ban ‘essay mills’
The government is seeking to ban essay mills amid growing concern that unscrupulous firms are using online influencers on campus to exploit and blackmail students into using their services. To …
12-Mar-2021
Time to Zoom out?
There really is such a thing as ‘Zoom fatigue’, say academics at Standford University. For many the rise of video calls has replaced classroom lectures, business meetings, conferences and even …
12-Mar-2021
Government confirms new penalty and interest regime
Reforms to the penalty and interest regimes for VAT and income tax self assessment have been confirmed by the government. The measures will bring significant changes and will first apply …
12-Mar-2021
Money launderers using fake job adverts to target ‘Generation Covid’
Young people whose job prospects have been impacted by the pandemic are being targeted online by criminals looking to recruit money mules to launder the profits of their crimes, UK …
05-Mar-2021
Moving towards a cashless society
The move to a cashless society has been intensified by the pandemic, with a quarter of Brits (26%) saying they would favour a cashless society. This ranks the UK 14th …
05-Mar-2021
Cyber thieves go in for ‘silent stealing’ during pandemic
The shift to working from home has seen a rise in cyber criminals targeting people’s personal bank accounts, sometimes conning them out of as little as £10 a time. This …
05-Mar-2021
Companies House resumes strike off services
Companies House has now resumed its strike off processes (from 8 March). It temporarily paused the service on 21 January 2021 so that companies and creditors would not be adversely affected by processing delays. It has now resumed the process to dissolve companies that have applied for voluntary strike off, and those Companies House believes are no longer carrying on business or are in operation.
05-Mar-2021
The 2021 Budget by Janet Jack
Chancellor sets out steps to fix economy in Budget The Chancellor Rishi Sunak has delivered his second budget with a pledge to do whatever it takes to fix the …
26-Feb-2021
Who commits most fraud?
Large multinationals with aggressive growth cultures are more susceptible to ‘cooking the books’ than smaller struggling ones, according to a new study published in Justice Quarterly. Researchers from three US …
26-Feb-2021
Online VAT deferral scheme now open
Over half-a-million businesses that deferred VAT payments in 2020 can now join the new online VAT Deferral New payment Scheme to pay what they owe in monthly instalments, HMRC has …
26-Feb-2021
Instalment option for taxpayers who owe the taxman
Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April. Usually, a 5% late …
26-Feb-2021
New advisory fuel rates for company cars
HMRC has published the latest advisory fuel rates for company car users, effective from 1 March 2021. The previous rates, effective December 2020, can be used for up to one …
26-Feb-2021
Changes to the National Minimum Wage
From 1 April 2021, the National Minimum Wage is increasing, and the age from which workers become eligible for the higher National Living Wage will be lowered. This means that …
24-Feb-2021
HMRC updates – revised self-assessment time lines and support available
The government have announced England’s route out of the pandemic, as long as the role out of the vaccination program continues. However, the pandemic continues to impact our way of …
17-Feb-2021
Pension age set to rise
A glitch in HMRC’s CJRS calculator means employers may need to recalculate furlough claims made for January 2021. HMRC discovered a mistake in its CJRS calculator just days before the …
17-Feb-2021
HMRC admits error with furlough calculator
A glitch in HMRC’s CJRS calculator means employers may need to recalculate furlough claims made for January 2021. HMRC discovered a mistake in its CJRS calculator just days before the …
17-Feb-2021
Scotland extends business rates holiday
Scottish finance secretary Kate Forbes has announced the extension of the country’s business rates holiday for another year. She said that the tax relief will apply to businesses in retail, …
17-Feb-2021
£20m SME Brexit Support Fund launched
SMEs who trade only with the EU and so are new to the importing and exporting regime will be able to apply for grants of up to £2,000 to pay …
17-Feb-2021
Apprenticeships on hold
Some two-thirds of UK companies have not invested in new apprentices over the past 12 months, according to the latest survey from In-Comm, a training and apprenticeship provider. It discovered …
LATEST NEWS
Listed below are our latest news
Santander to close 111 branches
26-03-21
In another blow to cash-based businesses, Santander has announced it is to shut 111 branches across the UK. The high …
Deadline looms for self-assessment payment plans
26-03-21
Self Assessment taxpayers have until Thursday 1 April to pay any outstanding tax liabilities in full or set up …
Celebrating Turing
26-03-21
The new £50 note, featuring computer pioneer and code-breaker Alan Turing, has been unveiled by Governor of the Bank of …
Automatic filing extensions to end on 5 April
26-03-21
The automatic extensions put in place as part of the government’s pandemic measures will come to an end for filing …
Trust in the robots
19-03-21
Some 89% of business leaders working in finance believe robots can improve their firm’s profitability by detecting fraud, creating invoices …
Families urged to use Tax-Free Childcare accounts
19-03-21
Thousands of families across the UK are missing out on a government childcare top-up worth up to £500 every three …
SME Brexit Support Fund opens for applications
19-03-21
Smaller businesses can now apply for grants of up to £2,000 to help them adapt to new customs and tax …
Royal Mail to trial Sunday parcel deliveries
19-03-21
Royal Mail is to launch a Sunday parcel delivery service – but only for major retailers. A number of retail …