Blog
Payroll: how to get it right
Mar 15, 2022
One of the key things that small and medium sized businesses (SMEs) need to get right is payroll. Not only is it a legal requirement to maintain the relevant documents and pay the correct amount of tax, getting prepared can help ...
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Watch out for tax scams, warns HMRC
Mar 11, 2022
HM Revenue & Customs (HMRC) is warning taxpayers to stay alert to tax scams after a surge in fraudulent activity. The report comes after the February Self Assessment deadline, when self-employed business owners expect to be contacted by the tax authority. According ...
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End of tax-free shopping: what is the impact on tourism?
Mar 07, 2022
Following Brexit, the UK removed tax-free shopping for tourists which is now having an impact on Britain’s prospects as an international shopping destination, new research reveals. Formerly, when the UK was part of the EU, tourists from outside the EU were ...
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Almost one million taxpayers handed late submission penalty after missing Self Assessment deadline
Mar 04, 2022
Nearly one million taxpayers have been fined after failing to submit their tax return on or before the 28 February Self Assessment deadline, it has been revealed. The report comes after the automatic £100 late submission penalty was waived for one ...
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Are you ready for the changes to the National Minimum and Living Wage?
Mar 03, 2022
From 1 April, employers must be ready for increases to the National Minimum and Living Wage rates. Under the upcoming changes, the National Living Wage will increase to £9.50 an hour – an increase of 59p per hour from the current ...
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How would an Online Sales Tax affect your business?
Mar 01, 2022
The UK Government is set to assess whether to introduce an Online Sales Tax (OST) as a solution to the tax imbalance in the retail sector. Why is there a tax imbalance? Throughout the pandemic, the retail sector was heavily impacted by ...
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Here’s how you can claim the 2022 council tax rebate
Feb 24, 2022
Households must set up a direct debt with their local council before they can receive the 2022 council tax rebate, it has been confirmed. The notice comes after the Government announced that millions of families in England will be eligible to ...
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What is ‘greenwashing’ and how can you spot it?
Feb 21, 2022
With climate change on most people’s agenda, and an increasing pressure on individuals to operate in an environmentally friendly way, companies may use this to their advantage to secure investment. ‘Greenwashing’ is when companies market themselves as being environmentally friendly, but ...
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Nearly 100,000 taxpayers spread cost of tax bill into manageable monthly instalments, HMRC reveals
Feb 17, 2022
Nearly 100,000 taxpayers used HM Revenue & Customs’ (HMRC) Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed. The figures, published by the tax authority, come after the 31 January Self Assessment ...
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NFT fraudsters arrested by HMRC
Feb 14, 2022
Three people have been arrested on the suspicion of attempting to defraud HM Revenue & Customs (HMRC) for a total of £1.4 million. The suspects may have committed VAT fraud by using Non-Fungible Tokens (NFTs) for 250 possibly fraudulent companies. An ...
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