Deferring VAT – HMRC confirms businesses should cancel VAT direct debits

25 Mar 2020

Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to


Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses

23 Mar 2020

The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in


Coronavirus: Government announces IR35 delay

18 Mar 2020

The Government has announced that the IR35 tax reforms which were due to be implemented in April 2020 have been delayed for a year due to the ongoing coronavirus outbreak.


Is your business ready for the payroll year-end?

16 Mar 2020

With the payroll year-end fast approaching, you must ensure that your business is complying with the necessary payroll obligations.


Entrepreneurs’ relief cut to £1 million in Budget

12 Mar 2020

The Chancellor, Rishi Sunak, announced in yesterday’s Budget that entrepreneurs’ relief (ER) will be cut from £10 million to £1 million, effective immediately.


SMEs urged to go digital: £15.3 billion could be added to the UK economy

9 Mar 2020

A recent study suggests that the UK economy could benefit by up to £15.3 billion if SMEs introduce the use of digital technology, tools and connectivity within their organisation.


Contractors under umbrella arrangements could be unknowingly involved in tax avoidance, warns HMRC

6 Mar 2020

Contractors and agency workers being paid through an umbrella arrangement which claims to increase take-home pay could be involved in tax avoidance, HM Revenue & Customs (HMRC) has warned.


Almost a fifth of businesses fell into their overdraft in past year

5 Mar 2020

According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow.


Everything you need to know about the construction industry scheme VAT reverse charge

2 Mar 2020

HM Revenue & Customs (HMRC) announced a 12-month deferral on the domestic reverse charge, which will now apply to construction services from 1 October 2020.


Chancellor offers reassurance regarding ‘soft’ IR35 landing

27 Feb 2020

The new Chancellor, Rishi Sunak has offered reassurance to contractors that HM Revenue & Customs (HMRC) will ensure a soft landing is in place for the first year following the implementation of the IR35 rules.