What happens if I need to get ready for Making Tax Digital? - 15 January 2019

Making Tax Digital (MTD) is quite literally just around the corner. By as early as April, thousands of businesses need to be fully compliant with MTD, which is why it is important to plan ahead.

Debt recovery costs small businesses an average of £9,000 - 15 January 2019

The cash flow difficulties that late payments cause small businesses are well known. However, the cost of recovering late payments is less well publicised, despite being a major and growing expense – coming in at around £9,000 last year for

Brexit uncertainty sends small business confidence to a seven-year low - 15 January 2019

Confidence amongst small businesses has tumbled to a seven-year low – in part due to the uncertainty of Brexit. A survey carried out by the Federation of Small Businesses (FSB) has found that nearly one in three small exporters think

An end to the Entrepreneurs’ Relief ‘dilutions dilemma’? - 15 January 2019

As a business takes off, the level of investment it needs in order to expand can significantly outpace growth in revenues and profits. One of the options open to entrepreneurs at this stage in the development of a business is

Tax rates rise twice as fast in the UK than the international average - 15 January 2019

According to the Organisation for Economic Co-operation and Development (OECD), UK tax revenue as a percentage of GDP rose to 33.3 per cent in 2017. This was up from 32.7 per cent in the previous year and was more than

Taxpayers offered online tool to assess their self-assessment requirement - 15 January 2019

It should seem obvious whether an individual must submit a self-assessment tax return annually. Yet, each year, thousands of people find themselves brought into the regime unwittingly. To help taxpayers prepare their affairs accordingly, HM Revenue & Customs (HMRC) is

Taxpayers treated unfairly by HMRC, says House of Lords report - 15 January 2019

The House of Lords Economic Affairs Committee has criticised some of the powers granted to HM Revenue & Customs (HMRC), describing them as disproportionate and lacking effective taxpayer safeguards. The committee’s latest report says that HMRC’s powers are now too