Business News

Self-employed workers may miss out on mortgages due to changes in delivery of SA302 forms

Posted in Business News | Posted on 18 Sep, 2017

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for…

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Revenue’s crackdown on VAT evaders yields £3.4 billion from small and medium firms

Posted in Business News | Posted on 18 Sep, 2017

New analysis of HM Revenue & Customs’ (HMRC’s) data has revealed that the department collected an additional £3.4 billion from small and medium-sized businesses in the tax year to April 2017. …

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HMRC launches new online forum to give small business owners direct tax advice

Posted in Business News | Posted on 18 Sep, 2017

A new online forum has been launched by HM Revenue & Customs (HMRC) which has been designed to help company owners resolve simple issues related to starting and growing a company.  The new website…

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Taxpayers begin to receive simple assessment requests (PA302)

Posted in Business News | Posted on 18 Sep, 2017

Taxpayers across the UK will have begun to receive a simple assessment (form PA302) from HM Revenue & Customs (HMRC), which will ask for payment of tax that cannot be coded out under PAYE. A simple…

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HMRC dynamic coding causes issues for taxpayers

Posted in Business News | Posted on 18 Sep, 2017

From July this year, HM Revenue & Customs (HMRC) has been utilising its new system of dynamic coding, which allows for in-year adjustments (IYAs) of a person’s tax code.  Under the new regime, codes…

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Government begins to play its hand at the Brexit negotiation table

Posted in Business News | Posted on 18 Sep, 2017

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…

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HMRC given an extra £5.3 million to enforce minimum wage compliance

Posted in Business News | Posted on 7 Aug, 2017

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…

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Credit and debit card charges to be banned as cashless economy grows

Posted in Business News | Posted on 7 Aug, 2017

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…

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Two fifths of SMEs say investment plans have been negatively affected by Brexit

Posted in Business News | Posted on 7 Aug, 2017

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…

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Taylor report recommends review of cash-in-hand

Posted in Business News | Posted on 7 Aug, 2017

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…

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