Research carried out by Barclaycard found that more than one-fifth of finance officers consider their accounting software is outdated, while 16 per cent revealed that companies are not making the most of early payment discounts, losing an estimated £6.7 billion each year. Continue reading Businesses losing out on £6.7 billion by using out of date accounting systems
The Government has written to more than 145,000 VAT-registered businesses across the UK, explaining the potential changes to customs, excise and VAT in the event that the UK leaves the EU without a deal. Continue reading Trading after Brexit: What is an EORI number and why do I need one?
The Association of Taxation Technicians (ATT) has issued a warning to residential property owners, about the need to carefully consider the timing of any sale or gift of their property in future. Continue reading Capital gains tax payment rules warning to residential property owners
In September, the UK inflation came in much weaker than expected, causing the pound sterling to fall dramatically. Continue reading Unexpected UK inflation in September causes pound sterling to fall
HM Revenue and Customs (HMRC) collected £5.47 billion in extra tax in 2018 through fraud investigations – approximately seven per cent more than the amount collected the previous year (£300 million). Continue reading HMRC’s fraud investigation team collects £5.47 billion in extra tax
Written warnings have been received by UK taxpayers, with HM Revenue & Customs (HMRC) intending to crack down on undeclared income. Continue reading New HMRC rules may lead to ‘harsh’ tax penalties
A new survey has found that over half of landlords in the UK feel optimistic about the buy to let sector despite a raft of regulatory and tax changes introduced in recent years. Continue reading More than half of UK landlords are optimistic about outlook for buy to let market
MPs say that automatic pension enrolment is fundamental to funding a new era of retirement, which is becoming increasingly reliant on private rather than public savings. Continue reading Call to increase auto-enrolment pension contributions