More than 2,800 retail stores closed during first half of 2019
Sep 12, 2019
According to the latest industry research, around 16 shops are closing every single day on UK high streets as retailers look to restructure their businesses and adapt to increased levels of online shopping. The research found that there was a net ...
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Government delays domestic VAT reverse charge until October 2020
Sep 09, 2019
The Government has announced that it will delay the implementation of the domestic VAT reverse charge for building and construction services by a year. Following pleas from those in the Construction industry, the Government agreed that the new rules will not ...
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Over £1.6 billion in tax owed to HMRC by self-employed
Sep 05, 2019
According to the latest industry research, HM Revenue & Customs (HMRC) is currently owed £1.6 billion in late tax payments from self-employed individuals for 2017 and 2018. That figure is expected to rise further, meaning that it could become the fourth ...
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Thousand-year-old coin collection is the earliest form of tax fraud
Sep 02, 2019
A thousand-year-old collection of Norman coins has been revealed as the earliest form of tax evasion. The coins were discovered by detectorists in a field in the Chew Valley, Somerset in January. The collection of 2,528 coins was buried in a field ...
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Government launches £10 million Brexit Readiness Fund
Aug 29, 2019
The Government has launched a £10 million Brexit readiness fund that will help provide support for businesses who are preparing for Brexit ahead of the 31 October deadline. The Business Readiness Fund is open to business organisations and trade associations throughout ...
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Government to allocate trading numbers to more than 88,000 UK firms ahead of Brexit
Aug 22, 2019
Ahead of a potential no-deal Brexit, the Government has announced that it will start automatically enrolling UK firms in the customs system. As a result, this will enable UK businesses to continue to trade with European Union (EU) members after the ...
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Half of UK SMEs are struggling with cash flow
Aug 19, 2019
According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit. Research indicated that in the second quarter almost a third (29 per cent) of ...
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Burgeoning costs of employment forcing small businesses to cut back on investment
Aug 15, 2019
The rising legal minimum wage is forcing small businesses to cut back on investment and reduce headcount, a new study has revealed. The finding forms part of brand new research published by the Federation of Small Businesses (FSB), a leading business ...
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Top industries for employer pension contributions revealed
Aug 12, 2019
Preparing for life after work has become one of the most important considerations for workers as they bid to secure their financial future. Auto-enrolment is now a league requirement for many, but the difference between employers’ contributions can play a substantial ...
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Government encouraging SMEs to sign up for funding to help with Brexit
Aug 08, 2019
The Government is encouraging UK small and medium-sized enterprises (SMEs) to register for funding to help them cope with a new customs system following a potential no-deal Brexit. In December, the Treasury and Revenue & Customs unveiled an £8 million training ...
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