News

HMRC urges taxpayers to be vigilant ahead of self-assessment deadline
HM Revenue & Customs (HMRC) has urged taxpayers to be vigilant ahead of the self-assessment deadline on 31 January 2020, with a surge in fraudulent activity expected.
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The end of the help-to-buy ISA – What’s next?
Since 2015, banks and building societies have been offering help-to-buy ISAs to first-time buyers. To qualify, you had to be 16 or over and be a first-time
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Late payments a huge drain on SMEs
Small firms are owed a staggering £23.4 billion in late payments, an issue that is continuing to cause greater problems for businesses each year. In the last
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Around half of the UK’s SMEs admit to making errors on taxes
According to accounting software providers, QuickBooks, over 50 per cent of UK small and medium-sized enterprise (SME) owners have made a mistake when filing their VAT returns, while
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Newly cohabiting parents warned over new tax charge
Newly cohabiting couples, where at least one of the partners is a parent, have been warned by a leading insurer to be aware of a new tax
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Pension holders to be refunded £54 million of overpaid tax
New figures released by HM Revenue & Customs (HMRC) have revealed that it handed back more than £54 million to people who had overpaid tax on pension
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Businesses and contractors offered clarity on IR35
With less than six months left until the introduction of the IR35 regulations in the private sector, HM Revenue & Customs (HMRC) has finally released additional guidance
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Spanish holiday home owners cautioned over post-Brexit tax impact
With the UK currently set to leave the EU by the end of January 2020, anyone who owns a Spanish holiday home needs to be prepared for
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Grant scheme opportunities for electric vehicle charging infrastructure at work
With the projected growth of electric car ownership in coming years, the Government is offering grants to support businesses who introduce charging infrastructure at their place of
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Countdown to the 31 January Self-Assessment Tax Return deadline begins
Fewer than 100 days now remain until the 31 January 2020 deadline for the online submission of Self-Assessment Tax Returns. Self-Assessment Tax Returns must be completed in
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Renovated homes that have been empty for two years can qualify for a reduced rate of VAT
Although a key VAT-saving measure for listed dwellings was abolished in October 2012, there are still circumstances in which a renovation project can be subject to a
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Wages rise at the fastest rate in a decade
According to the Office for National Statistics (ONS), averages wages in the UK are growing at their fastest rate since 2008. The ONS has revealed that average
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