Business news

Government announces new measures to boost funding for small businesses - 10 September 2018

The Government announced that new laws are being put forward to Parliament to support small businesses, against unfair contracts that stop them raising money from unpaid invoices.

Reminder on changes to Corporation Tax notices - 8 August 2018

On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax. Despite this move taking place nearly two years ago, a quick search online indicates that many

Taxpayers warned of Requirement to Correct as deadline approaches - 8 August 2018

Taxpayers with undeclared offshore tax liabilities, including Income Tax, Capital Gains Tax or Inheritance Tax, are obligated to disclose these liabilities to HM Revenue & Customs (HMRC) on or before 30 September 2018 under HM Revenue & Customs’ Requirement to

More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms - 8 August 2018

HM Revenue & Customs (HMRC) has published data which reveals that more than 100,000 first-time buyers have benefited from Stamp Duty Land Tax (SDLT) reforms announced at the last Budget. During the period until 30 June this year, 121,500 first-time

MTD for VAT clarified in new communication from HMRC - 8 August 2018

HM Revenue & Customs (HMRC) has finally issued a new notice on Making Tax Digital for VAT in which it has clarified many of the questions that businesses had. VAT notice 700/22: Making Tax Digital for VAT has been created

HMRC collects more than £30 billion worth of extra tax in last financial year - 8 August 2018

New figures from HM Revenue & Customs (HMRC) have revealed that the tax authority brought in a total of £605.8 billion in the year to April 2018 – an increase of nearly £30 billion on the previous year. This 5.4

Tens of thousands of fake HMRC websites taken down - 8 August 2018

Figures published by HM Revenue & Customs (HMRC) show that 20,750 malicious websites have been taken down over the last year – 29 per cent more than in the previous year. Although it has brought in cutting-edge technology to tackle