Class 2 and 4 NIC merger delayed until 6 April 2019 - 5 December 2017

The abolition of Class 2 National Insurance Contributions (NIC) will now be delayed until 6 April 2019, according to a new written statement to the House of Commons. HM Treasury has written to MPs to let them know that the

Simple by name, but not necessarily by nature - 5 December 2017

Earlier this year, HM Revenue & Customs (HMRC) introduced Simple Assessments for some taxpayers who have, until now, been required to complete Self-Assessment Tax Returns. Those affected are taxpayers with relatively straightforward financial affairs where HMRC considers that it already

Chasing outstanding debts from an individual or sole trader? The process has changed - 5 December 2017

Outstanding payments can be a major headache for SMEs as they can have a significant effect on cashflow and seeking payment can take up time that would be better spent on running the business. In fact, according to Bacs, the

Chancellor fails to deliver on Office for Tax Simplification’s VAT simplification recommendations - 5 December 2017

The Office for Tax Simplification (OTS) recently published its findings following a review intended to ensure the VAT system remains relevant. On the basis of its findings, the OTS made eight core recommendations: The Government should examine the current approach

HMRC to stop accepting Post Office and personal credit card payments - 5 December 2017

HM Revenue & Customs (HMRC) has confirmed that it will no longer accept Post Office payments from 15 December 2017. It has also announced that it will stop accepting personal credit card payments from 13 January 2018.

UK welcomes hundreds of thousands of new SME entrants - 4 December 2017

New official figures reveal that almost 200,000 new small businesses have been formed in the UK this year so far.

Don’t forget to claim tax relief on your annual Christmas party - 1 December 2017

Accountants are reminding employers that they are able to claim tax relief on their annual Christmas party – providing they don’t overspend on the sparkling wine.