Business news

Admin takes up 120 days every year for UK small businesses - 10 October 2017

Research published in September has found that 5.6 per cent of working time at small businesses in the UK is spent on back-office and admin tasks. This time could be worth as much as £33 billion a year. According to

Cricket club stumped by VAT dispute - 10 October 2017

An Oxfordshire cricket club has been left having to stump up a hefty tax bill after losing a VAT dispute. Despite the common misconception that charitable organisations are exempt from VAT, Eynsham Cricket Club was forced to pay 20 per

All change for the UK’s cash - 10 October 2017

It’s all change when it comes to cash. Last month saw the introduction of a new £10 note and this month sees our last chance to spend the old round £1 coin. Following on from the new Churchill £5 note,

Late payments damage the UK economy, research shows - 10 October 2017

Late payments are a headache that most small businesses are familiar with, but new research shows that late payments create problems for the economy as a whole. Figures published by the Department for Business, Innovation and Skills show that UK

Students could be entitled to a tax refund as they head back to university - 10 October 2017

Students who have been heading back to university in recent weeks could be entitled to a helpful tax refund, according to HM Revenue & Customs (HMRC). Those who worked through their summer holidays may have been taxed through PAYE, as

Dividend Tax changes set to hit small business owners and investors - 10 October 2017

Changes to the Dividend Tax regime, which will see the existing tax-free allowance fall from £5,000 to £2,000 from April next year, are set to hit small business owners and investors. The changes currently being considered by MPs as part

Self-employed workers may miss out on mortgages due to changes in delivery of SA302 forms - 25 September 2017

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently accountants