The Government has begun to publish a number of position papers which aim to set out how it intends to negotiate with the EU during the Brexit process. The proposals, released at the end of August, set out how the trade in goods and services between the European market and the UK should continue once… Read more…
Directors and staff at Birmingham-based Salhan Accountants are celebrating having being shortlisted for the Independent Firm of the Year – Wales & Midlands award at the upcoming British Accountancy Awards 2017. The multi award-winning firm, which has offices in Edgbaston, Birmingham, has previously taken home the trophy for Independent Firm of the Year – Midlands… Read more…
According to the Government’s latest Labour Market Enforcement Strategy report HM Revenue & Customs (HMRC) is to receive an additional £5.3 million of funding in 2017/18 to ensure businesses are paying employees the national minimum wage (NMW) and national living wage (NLW). This follows on from a previous increase of £20 million in 2016, which… Read more…
From January next year businesses across the UK need to ensure that consumers are no longer being charged extra for paying by debit or credit card, according to new legislation from the Government. It is thought that in 2010 alone customers spent £473 million on charges from card payments, which is why the Treasury has… Read more…
A new survey from the Confederation of British Industry (CBI) has revealed that more than 40 per cent of UK businesses believe that Brexit has hurt their investment plans. The Confederation’s latest Investment Survey clearly asked 357 companies in the UK how the UK’s decision to leave the EU had affected their plans, with nearly… Read more…
Cash-in-hand payments should be replaced with technology driven alternatives in the hopes of collecting up to £6 billion more in tax – this is the conclusion of a Government-commissioned review conducted by Matthew Taylor, head of the think-tank the Royal Society of Arts. The 116-page report, entitled Taylor Review of Modern Work Practices, was commissioned to… Read more…
The Government has announced that it plans to delay the full implementation of digital taxation until 2020. Making Tax Digital (MTD), the details of which will be included in the upcoming Finance Bill for 2017, has already faced a number of delays and was placed on hold before the snap general election in June. However,… Read more…
Landlords are being advised that HM Revenue & Customs (HMRC) is redoubling its efforts to crackdown on individuals who fail to properly report their taxes. A number of reports have emerged recently which suggest that the Revenue’s Connect ‘supercomputer’ is being used by the tax authority to gather far-reaching data on taxpayers and to effectively… Read more…
Businesses across the UK are being targeted by scammers who are charging them to update companies VAT registration numbers online, when it is not necessary. Typically businesses are told that as part of changes to EU legislation, which obligates all companies to provide their VAT registration numbers on ‘various’ documents since 2010, they as a… Read more…
Watch our free video to find out what to do next Receiving an Accelerated Payment Notice (APN) from HM Revenue & Customs (HMRC) can be very daunting. Such notices allow taxpayers just 90 days to pay the amount shown on the APN, unless the recipient is willing to make representations to HMRC. In some instances, HMRC will send out… Read more…
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