Archive

eBay to force all UK traders to pay VAT

eBay traders will be forced to pay VAT on all purchases under new corporate structure rules to be launched later this year. Prompting the move, the online marketplace has been under attack from the Government after it emerged that the

Read more

Labour to propose ambitious Income Tax shake-up

The Labour Party is set to unveil ambitious Income Tax plans which would see almost one million more British workers pulled into a higher tax bracket. According to reports, the Party has confirmed that it wants to raise an additional

Read more

Next Government urged to keep SMEs “front of mind” during EU trade talks

Small and medium-sized enterprises (SMEs) should be “front of mind” during all trade negotiations with the European Union (EU), the Federation of Small Businesses (FSB) has said. The comments follow worrying data published in recent weeks regarding Britain’s ‘widening’ trade

Read more

Women’s ‘worryingly low’ levels of financial protection

New research shows that a shocking number of women lack the crucial protection of life or critical illness cover – despite half of working age women being their family’s main breadwinner. The research, which was carried out by the insurer

Read more

New mortgages launch with buy-to-let tax changes in mind

With the start of the 2017-18 tax year last month, the latest in a series of changes affecting buy-to-let landlords came into effect. These latest changes mean that tax relief on mortgage interest is being phased out between now and

Read more

Banks reject cash LISA on launch

A grand total of zero banks and building societies have opted to take up the Government’s new Lifetime ISA (LISA) cash account on the day of its launch, it has emerged. The news indicates that banking groups have taken very

Read more

Older generation to pass on bulk of wealth to children, not grandchildren

New research suggests that, in coming years, the bulk of the older generation’s wealth will be passed on to children as opposed to grandchildren – to the tune of more than £400bn. The figure comes after a study carried out

Read more

Could you benefit from Tax-Free Childcare?

Last month saw a scheme which has the potential to offer major savings on childcare costs start to be phased in. Tax-Free Childcare will be open to working families – defined as couples or individuals who are each expected to

Read more

HMRC goes “nuclear” in pursuit of unpaid taxes

HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion. The figures, published by Funding Options,

Read more

HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax

Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are being hit with ‘tougher penalties’ than larger businesses if they do not declare their income and pay the appropriate tax on their

Read more