News

VAT zero-rating now applicable to businesses e-publications
Businesses that rely on the production of guides, physical books, newspapers or other printed materials currently enjoy a zero-rating for VAT. However, those who sell and publish
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Get ready for a range of tax changes this April
Monday 6 April 2020 will see a range of tax changes come into effect with the start of the 2020/21 tax year. Some of these changes have
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Entrepreneurs’ Relief changes expected in March Budget
Speculation is increasing that Chancellor, Sajid Javid, will announce significant curbs on Entrepreneurs’ Relief in the Budget, or could even scrap the valuable tax relief altogether. According
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VAT receipts reach record level of £133 billion
Figures published by HM Revenue & Customs (HMRC) have revealed that VAT revenue in 2018/19 rose by £7 billion from the previous year to reach a record
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New Advisory Fuel Rates
A new set of Advisory Fuel Rates came into effect from the beginning of December 2019, which apply to employees who use a company car. The rates
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HMRC launches revamped CEST IR35 off-payroll working tool
With less than three months remaining before the IR35 off-payroll working rules begin to apply in the private sector, HM Revenue & Customs (HMRC) has launched a
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Reminder: National Living Wage set to increase from April
On 1 April 2020 the Government will introduce increases to the National Living and Minimum Wage. From this date the National Living Wage (NLW) will rise from
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SMEs now wait 23 days for late payments, new study finds
According to the latest data, UK SMEs now have to wait up to 23 days on average for late payments to be made. MarketFinance, a peer-to-peer invoice
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Should your company pay a data protection fee?
We are aware that the Information Commissioner’s Office (ICO) has been contacting companies to remind them of their legal obligation to pay a data protection fee. The
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More than 3,000 taxpayers complete self-assessment on Christmas Day
Instead of tucking into turkey or unwrapping their gifts, 3,003 taxpayers completed their self-assessment returns on 25 December 2019, according to HM Revenue & Customs (HMRC). Every
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Annual R&D spend in the UK reaches £25 billion
According to the latest figures from the Office for National Statistics (ONS) businesses in the UK spent £25 billion on research and development (R&D) during 2018. The
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Keeping workplace gifts tax-free this Christmas
Over the Christmas period, you may wish to treat your employees. This is a tried and trusted approach to building a strong relationship with your team. But
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