HMRC to implement changes to how it is paid

2 Nov 2017

HM Revenue & Customs (HMRC) is to change the way that taxpayers and their agents can make payments. From 15 December 2017 and 13 January 2018, the pay at the post office service will be withdrawn and HMRC will no

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Over-50s cutting back on essentials to leave inheritance

2 Nov 2017

According to new data from Populus, nearly half of people aged over 50 are willing to forgo luxuries in later life to leave a larger inheritance for their children. The study, commissioned by Saga Money, also found that 80 per

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Britain’s small business economy is expected to grow nearly a fifth by 2025

2 Nov 2017

The UK’s small business economy is expected to grow by nearly a fifth in total by 2025, but some areas are predicted to grow much quicker than others. The predictions result from a survey by Hampshire Bank Trust and the

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The future of company vehicles

2 Nov 2017

The UK Government has pledged that by 2040 all new cars sold will need to be either electric or some form of plug-in hybrid. However, before this deadline was even announced many within the motor industry believed that by 2025

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Deadline to comply with new trusts rules extended by two months

2 Nov 2017

The deadline to register trusts and estates under new rules has been extended by two months, following complaints that the original deadline was too ambitious, potentially leaving many unable to comply. Under the new rules, trusts and estates that have

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OECD calls on UK to increase tax on self-employed

2 Nov 2017

A report from the Organisation for Economic Co-operation and Development (OECD) has called on the UK Government to revive its plans to increase National Insurance Contributions (NICs) for the self-employed. Earlier this year, during the Spring Budget, the Chancellor of

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Cybersecurity failings are rife amongst UK SMEs

2 Nov 2017

UK-based SMEs are not doing enough to ensure the data they hold is secure, it has been reported. Findings from a newly-published report show that more than two out of three SMEs considered that there was room for improvement in

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Dividend Tax changes set to hit small business owners and investors

9 Oct 2017

Changes to the Dividend Tax regime, which will see the existing tax-free allowance fall from £5,000 to £2,000 from April next year, are set to hit small business owners and investors. The changes currently being considered by MPs as part

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Students could be entitled to a tax refund as they head back to university

9 Oct 2017

Students who have been heading back to university in recent weeks could be entitled to a helpful tax refund, according to HM Revenue & Customs (HMRC). Those who worked through their summer holidays may have been taxed through PAYE, as

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Late payments damage the UK economy, research shows

9 Oct 2017

Late payments are a headache that most small businesses are familiar with, but new research shows that late payments create problems for the economy as a whole. Figures published by the Department for Business, Innovation and Skills show that UK

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