Sep 10, 2018 | Government Announcements
The government has proposed new laws to make it easier for small businesses to access finance for late payments. Currently, larger businesses in contracts with small suppliers can prevent the smaller business from securing invoice finance from banks or other...
Sep 7, 2018 | Government Announcements
Class 2 national insurance contributions (NICs) will no longer be abolished in April 2019, the government has announced. The Treasury was originally set to scrap class 2 NICs, which are paid by self-employed people with profits of £6,205 or more a year, in April 2018....
Sep 5, 2018 | Government Announcements
The government has confirmed its support of an online pensions dashboard, as long as it is delivered by industry. The pensions dashboard was proposed by former chancellor George Osborne in 2016, and is intended to provide retirement savers with a facility to see all...
Aug 30, 2018 | Government AnnouncementsPersonal Tax
Taxpayers only have one month left to disclose any undeclared offshore tax liabilities to HMRC or risk paying a substantial fine. The requirement-to-correct (RTC) legislation requires taxpayers to notify the Revenue if money held offshore before 6 April 2017 has not...
Jul 16, 2018 | Government AnnouncementsVAT
HMRC has released a list of approved Making Tax Digital (MTD) software developers for VAT-registered businesses to use from next year. Businesses with annual taxable turnover of more than £85,000 will be required to maintain digital records for VAT and submit...
