Clemence Hoar Cummings Blog

The VAT reverse charge and how it will affect the construction industry

Posted in Blog, Business Blog, VAT | Posted on 18 Feb, 2019

This year could be the most challenging year yet for the construction industry, as HM Revenue and Customs (HMRC) has announced that the VAT reverse charge will commence 1 October 2019. The Government announced…

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Data protection: what happens if we leave the EU without a deal?

Posted in Blog, Brexit, Business Blog | Posted on 15 Feb, 2019

UK businesses who share data with organisations in the European Economic Area (EEA) will need to take steps to ensure they continue to comply with data protection laws should the UK leave the EU without…

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SMEs striving for growth in 2019 with half looking to increase headcount

Posted in Blog, Business Blog, SME, SMEs, SMEs / Business | Posted on 13 Feb, 2019

With continuing tough economic uncertainty, UK SMEs are still eager to grow their headcount by an average of 21 per cent over the next 12 months, according to new research from business energy supplier,…

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ICAEW reveal valentine’s tax benefits

Posted in Blog, Tax, Tax Blog, Tax News | Posted on 11 Feb, 2019

It may not be the most romantic reason to propose but with valentine’s day just a few days away the ICAEW are highlighting the tax benefits of getting married or entering a civil partnership.

Government promises simplified customs procedures in event of no-deal Brexit

Posted in Blog, Business Blog | Posted on 8 Feb, 2019

HM Revenue & Customs (HMRC) will introduce a simplified importing procedure for businesses trading with the EU should the UK leave without a deal in March.

What happens if I have questions about VAT?

Posted in Blog, VAT | Posted on 8 Feb, 2019

In the UK, businesses can only charge their customers VAT if their business has been registered for VAT purposes with HM Revenue & Customs (HMRC).

HMRC takes new measures to toughen stance on debt recovery

Posted in Blog, Finance, HMRC, Payroll, Savings, Wages | Posted on 7 Feb, 2019

HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial year.

SMEs: The importance of purpose

Posted in Blog, Business, SME, SMEs, SMEs / Business | Posted on 6 Feb, 2019

The importance of purpose for the UK’s small and medium-sized enterprises (SMEs) has been explored in a recent report. It found that a massive 91 per cent said that a vital part of running a successful…

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Record number of Self-Assessment tax returns filed by the deadline

Posted in Blog, Business Blog, HMRC, Tax, Tax Blog | Posted on 4 Feb, 2019

HM Revenue and Customs (HMRC) has revealed that a total of 93.68 per cent of Self-Assessment tax returns were filed by the deadline.

Trading after Brexit: What is an EORI number and why do I need one?

Posted in Accountancy, Accounting, Blog, VAT | Posted on 1 Feb, 2019