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How will the National Insurance and dividend tax increases affect me?
Sep 08, 2021
Taxpayers face an increase in their National Insurance contributions (NICs) and dividend tax rates from 2022. To explain how this significant change may affect you, please use our helpful FAQ below: How much is the National Insurance rate increasing? The Health and ...
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UK house prices hit significant record
Sep 07, 2021
According to the UK’s largest mortgage lender, Halifax, house prices in the UK hit a significant record during August but the yearly growth pace in property values slowed. Last month, the average cost of a home increased by 0.7 per cent ...
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File Companies House accounts online to avoid delays, businesses told
Sep 02, 2021
Businesses have been urged to file Companies House accounts online as coronavirus disruption continues to significantly delay processing times. The official register of companies said paper accounts can take days, or sometimes weeks, to process. If you are due to file accounts ...
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Tax-related scams double during coronavirus pandemic, figures reveal
Aug 26, 2021
Tax-related scams have almost doubled in the past 12 months, HM Revenue & Customs (HMRC) has revealed. The tax authority said the coronavirus pandemic has created a perfect environment for criminals to operate in. According to the most recent figures available, HMRC ...
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Staff shortages leave food manufacturers looking for inmates to cover work
Aug 23, 2021
Food manufacturers in desperate need of workers are pleading for the UK Government to enable the companies to use prisoners to solve the staff shortage disaster - a fault of Brexit and COVID-19. A call is due between the Ministry of ...
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Sole traders “disproportionately impacted” by coronavirus pandemic
Aug 19, 2021
Just four in 10 sole traders have returned to pre-pandemic levels of trading despite Covid-19 restrictions being lifted, a major study has revealed. The report comes after the Government revealed that the smallest of businesses could pay more tax next year. The ...
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Staff shortages: increased wages to entice workers could mean higher prices for customers
Aug 16, 2021
Due to the ongoing staff shortages caused by the pandemic, UK restaurants have had to increase employee wages to entice chefs and waiters - which could mean higher prices for customers. According to recent data, four of the biggest UK restaurant ...
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Businesses urged to “get to grips” with new Patent Box regime as grandfathering rules come to an end
Aug 12, 2021
Businesses should “get to grips” with new Patent Box rules or risk missing out on corporate tax relief, a major regulator has warned. The new guidance, published by the Institute of Chartered Accountants in England and Wales (ICAEW), comes after grandfathering ...
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Labour shortages could impact UK’s economic recovery, says experts
Aug 09, 2021
A recent report on the latest business trends suggests that despite the surge of hiring among UK firms in July, the lack of working employees could still threaten the UK’s economic recovery. These staff shortages are a result of Brexit and ...
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CHIEF service to close from March 2023, Government reveals
Aug 05, 2021
The Customs Handling of Import and Export Freight (CHIEF) system will be replaced by a single unified customs service from March 2023, it has been announced. HM Revenue & Customs (HMRC) said its replacement, known as the Customs Declaration Service (CDS), ...
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