UK SME bosses don’t switch off over Christmas

18 Dec 2018

According to a recent survey conducted by Vistaprint, more than half of small and medium-sized enterprise (SME) bosses and decision-makers in the UK will be working on Christmas day.

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What happens if I am confused about VAT?

18 Dec 2018

VAT is arguably one of the most complex and confusing areas of tax – which is why many business owners will run into difficulties when it comes to keeping on top of their VAT requirements and responsibilities. In the UK, businesses can only charge their customers VAT if their business has been registered for VAT […]

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Inheritance Tax gap at £600 million a year

14 Dec 2018

The Office of Tax Simplification (OTS) has found that the tax gap for inheritance tax is £600 million a year despite a steady increase in receipts seen by HM Revenue & Customs. Last week they released the first report on the inheritance tax system. In the report, the OTS highlighted the ‘relatively high’ tax gap […]

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SMEs spending billions on debt recovery services

14 Dec 2018

The UK’s late payment culture is costing small and medium-sized enterprises (SMEs) billions of pounds each year, new research has revealed.

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Capital gains tax payment rules warning to residential property owners

13 Dec 2018

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.

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Unwrapping Christmas tax gifts

12 Dec 2018

Christmas is a time for giving, but many businesses may not be aware that their gifts can be made in a tax-efficient manner, which could make raising festive spirits that little bit cheaper. While Christmas parties may not be for everyone, HM Revenue & Customs (HMRC) does provide an allowable tax deduction of up to […]

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UK takes second spot for tax compliance in G20

12 Dec 2018

New research from the World Bank has revealed that the UK has the second most effective tax system amongst the G20 nations for tax compliance and ease of paying corporate taxes. According to the survey, companies take an average of 105 hours per year to prepare and file their taxes in the UK, which equates […]

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House of Lords calls for a delay to Making Tax Digital

12 Dec 2018

The House of Lords Economic Affairs Committee has criticised HM Revenue & Customs (HMRC) for its handling of Making Tax Digital (MTD) and called for a delay to some of the regime’s mandatory requirements. The majority of VAT-registered businesses with taxable turnover above the VAT registration threshold of £85,000 will need to keep digital records […]

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