Business news

UK’s tax gap continues to fall - 9 July 2018

Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing to fall. The Revenue has revealed that the tax gap for the 2016-17 tax

Small businesses say the Government should simplify business rates - 9 July 2018

A survey has revealed strong support from the UK’s small business community for measures to simplify business rates. A total of 71 per cent of the small businesses questioned said business rates should be simpler and have a greater degree

Professionals call on Treasury not to lower VAT threshold before MTD and Brexit - 9 July 2018

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT threshold from its current £85,000 until after the implementation of Making Tax Digital (MTD)

A quarter of dads may be missing out on paternity pay, according to a new report - 9 July 2018

The TUC has launched a new campaign calling on the Government to extend paternity pay to more workers, after discovering that a quarter of fathers may be missing out. It found that of the 620,000 new working dads last year,

More than two-fifths of small business owners are still unaware of MTD - 9 July 2018

According to a new study, Making Tax Digital (MTD) is currently one of the biggest concerns for VAT-registered small business owners. The research, prepared by Intuit QuickBooks, found that more than three-quarters of SME owners found the legislation challenging and

Building contractors will have to comply with complex new VAT rules - 9 July 2018

Those working in the construction and building industry are being encouraged to get to grips with a new way of accounting for VAT. Draft legislation, subject to consultation until 20 July, provides that from 1 October 2019 builders, contractors and

Watson Buckle “in the top three per cent” of fundraisers in May - 6 June 2018

Last month, Watson Buckle’s JustGiving page, The Hot Steppers, landed a place in the top three per cent of fundraisers – out of a total of 54,600 online fundraising pages. The fantastic news comes at a time when Watson Buckle