HMRC extends £8 million customs funding training deadline

HM Revenue & Customs (HMRC) has announced that the deadline for applications for funding from a Government initiative designed to help businesses prepare for the UK’s exit from the European Union (EU) has been extended to 31 May 2019. Continue reading HMRC extends £8 million customs funding training deadline

Government launches consultation on tackling SME R&D relief abuse

The Government has launched a consultation on changes to research and development (R&D) tax credits which are intended to prevent businesses from abusing the scheme for small or medium-sized enterprises (SMEs). Continue reading Government launches consultation on tackling SME R&D relief abuse

Shoppers getting irritated with cash-only businesses

SMEs and start-ups have less than five months to shift from taking cash only to accepting cards before a shopper’s expectations change. The higher demand in card payments by consumers is becoming a large factor in how a small business prospers for the future. Continue reading Shoppers getting irritated with cash-only businesses

Barclays announce £14 billion fund to support UK businesses

Barclays bank have announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU). Continue reading Barclays announce £14 billion fund to support UK businesses

Businesses losing out on £6.7 billion by using out of date accounting systems

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carried out by Barclaycard found that more than one-fifth of finance officers consider their accounting software is outdated, while 16 per cent revealed that companies are not making the most of early payment discounts, losing an estimated £6.7 billion each year. Continue reading Businesses losing out on £6.7 billion by using out of date accounting systems

BoE holds interest rates as businesses cut back on investment ahead of Brexit

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has unanimously voted to maintain the UK interest rate at 0.75 per cent amid uncertainty about the potential nature and timing of the UK’s withdrawal from the European Union. Continue reading BoE holds interest rates as businesses cut back on investment ahead of Brexit

HMRC reveals MTD registration takes seven working days

HM Revenue & Customs (HMRC) has warned that registration for Making Tax Digital (MTD) for VAT will take up to seven days to complete and will not be a real-time service. Continue reading HMRC reveals MTD registration takes seven working days