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

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 a deal. The warning comes as the Prime Minister fails to get Parliament to agree to her Brexit withdrawal bill, […]

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Time limit to pay Stamp Duty Land Tax reduced from March

13 Feb 2019

The time limit to file a Stamp Duty Land Tax (SDLT) return and pay the tax due will be reduced from 30 days to 14 days from next month.

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

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, Opus Energy.

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Payroll sector prepares for key changes in 2019/20

12 Feb 2019

The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of how businesses could be affected by these changes, below are some of the highlights that employers will need to prepare for. Private Sector IR35 From […]

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Entrepreneurs’ Relief changes fail to meet up to the test

12 Feb 2019

During the last Budget, the Government announced new conditions to entrepreneurs’ relief that would take immediate effect to change the definition of a “personal company” for shareholders who claim entrepreneurs’ relief. By introducing these changes, they hope to restrict shareholders relief to those with a genuine material stake of at least five per cent in […]

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Just over half of businesses are prepared for Making Tax Digital

12 Feb 2019

A new study into preparations for Making Tax Digital amongst businesses has found that only 57 per cent of firms are ready to comply with the new regime by 1 April 2019. Despite the various delays and changes to the Government’s new digital tax system, businesses have had several years to prepare themselves for this […]

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Late payers to be flagged up to businesses under new proposals

12 Feb 2019

The Small Business Commissioner, Paul Uppal, has recommended a new “traffic light” system that will warn smaller firms which businesses have a consistent record of late payment and those most likely to request longer payment terms. It is thought that around £2.5 billion is lost annually within the economy due to late payments and they […]

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HM Revenue & Customs drops insistence that all company directors must submit tax returns

12 Feb 2019

HM Revenue & Customs (HMRC) has dropped its insistence that all company directors must submit tax returns following a series of tribunal rulings. For several years, HMRC has advised in its guidance on the gov.uk website that company directors should register for Self-Assessment and this has also been part of online tools designed to help […]

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