Business News

CIOT reports increase in R40 refund errors

Posted in Business News | Posted on 9 Oct, 2018

According to a new report by the Chartered Institute of Taxation (CIOT), there have been a growing number of R40 computation errors on refunds processed by HM Revenue & Customs (HMRC). Individuals…

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Workers miss out on £15.6 million in pay through minimum wage breaches

Posted in Business News | Posted on 9 Oct, 2018

Minimum wage breaches, including breaches of the National Living Wage, have cost workers from across the UK a combined total of £15.6 million in lost wages. Figures released by the Government show that…

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HMRC finally launches MTD communications plan and simplified guidance

Posted in Business News | Posted on 9 Oct, 2018

With only six months left until the launch of Making Tax Digital for VAT, HM Revenue & Customs (HMRC) has finally begun sharing information with businesses about the new regime. While accountants and…

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Micro businesses bear the brunt of late payments

Posted in Business News | Posted on 9 Oct, 2018

Recent research has shown that micro businesses are bearing the brunt of late payments, with just 52 per cent of the invoices they issue being paid on time. However, the research found significant regional…

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Government backed tax-free savings plan to help savers earn 50p on every £1

Posted in Business News | Posted on 9 Oct, 2018

The Government has launched a new savings account that offers savers a 50 per cent tax-free bonus on the money they deposit. The new Help to Save account will offer savers up to 50p for every £1 that…

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Employment claims from contractors brought within IR35 expected after HMRC settlement

Posted in Business News | Posted on 9 Oct, 2018

A freelance marketing and business development consultant has reached a settlement with HM Revenue & Customs (HMRC) after arguing that she should be entitled to holiday pay as she was considered to…

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Budget date 2018 announced, with half the usual notice

Posted in Business News | Posted on 9 Oct, 2018

The Chancellor has announced that the 2018 Budget will take place on Monday 29 October 2018, having given just half the usual 10 weeks’ notice of the date. The Autumn Budget, which took place for the…

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Clemence Hoar Cummings supports Havering Museum’s Variety Club for third year running

Posted in Blog, Business News | Posted on 18 Sep, 2018

This year, Clemence Hoar Cummings has yet again extended its support to the Havering Museum’s Variety Club for the Over 50s – marking the third year running that we have sponsored the event. David…

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Working 9 to 5? It’s an unusual way to make a living

Posted in Business News | Posted on 13 Sep, 2018

The archetypal 9am to 5pm working day might be so ingrained into the psyche of workers across the Western world that Dolly Parton wrote a song about it, but new research has revealed that it is now an…

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Regulator tells banks to stop victim-blaming

Posted in Business News | Posted on 13 Sep, 2018

The increasing sophistication of bank scams means that customers who lose money to such schemes should not automatically be blamed, the Financial Ombudsman Service has said. Caroline Wayman, Chief Ombudsman…

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