Small businesses see changes to the VAT Flat Rate Scheme - 3 April 2017

Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes, which came into effect at the beginning of this month. The Flat Rate Scheme was created

New changes to VAT Flat Rate Scheme now in force - 3 April 2017

Important changes to the VAT Flat Rate Scheme were phased in on 1 April 2017, and could have far-reaching implications for small and medium-sized enterprises (SMEs). Many small business users of the Scheme who have low costs will see the

Hospitality sector warns about EU staff shortfall - 31 March 2017

Members of the hotel, restaurant and tourism industries have warned that the UK faces a shortfall of up to 60,000 workers a year if immigration from the European Union is restricted. The British Hospitality Association (BHA) claims that thousands of

CEBR report sheds light on SME growth trends - 30 March 2017

The Centre for Economics and Business Research (CEBR) has published a new report which sheds light on the growth trends of Britain’s small and medium-sized enterprises (SMEs). According to their research, which was carried out in collaboration with Hampshire Bank

New car tax rules to be introduced this week - 29 March 2017

New car tax rules to be introduced this weekend could see bills rise by thousands of pounds. Cars bought after Saturday 1 April 2017 will pay a one-off tax charge for the first year. The amount varies depending on the

‘True costs’ of Making Tax Digital still unclear, says Treasury Committee - 28 March 2017

The Treasury Committee has again called on HM Revenue & Customs (HMRC) to provide greater clarity on the true costs of Making Tax Digital (MTD) for small and medium-sized enterprises (SMEs). Chairman of the Committee, Andrew Tyrie MP, has said

12 per cent rise in winding-up applications to recover unpaid tax - 27 March 2017

A new study suggests that the number of winding-up applications issued by HM Revenue & Customs (HMRC) to small and medium-sized enterprises (SMEs) is on the rise. According to business financier Funding Options, 3,906 such applications were issued to SMEs