Business

2
Aug

Digital Services Tax to be introduced from April 2020

  Digital Services Tax from April 2020 From April 2020, the government will introduce a new 2% Digital Services Tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. However, this only applies when the group’s worldwide revenues from these digital activities are more than £500m and more than £25m of

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12
Jul

New measures to ensure SMEs get paid on time

  New measures to ensure SMEs get paid on time The government has announced a package of measures to ensure SMEs get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures. The measures include: proposed new powers for the Small Business Commissioner

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12
Jul

Employer Bulletin – latest guidance

  Employer Bulletin – latest guidance HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a workplace pension scheme GDPR fees contractors operating CIS – new VAT reverse charge on building and construction

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6
Jun

Consultation on Companies House reforms

  Companies House: Consultation on reforms The government has launched a consultation on reforms proposed for Companies House, including a ‘major upgrade’ of its register. The consultation aims to tackle misuse of the register. It also strives to provide business owners with ‘greater protection from fraud’. The consultation seeks views on a series of reforms to limit the risk of

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8
Mar

Employer Bulletin: Latest update for employers

  Latest update for employers HMRC has issued Employer Bulletin (February 2019) which includes a number of interesting articles on: End of year reporting Reporting expenses and benefits Student Loan notices and a new type of Student Loan repayment that employers will need to be able to process via payroll (Post Graduate Loans) Updates to the Starter checklist – used

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8
Mar

Brexit business advice – prepare for no deal

  Brexit business advice – prepare for no deal HMRC is urging business owners to make sure they are ready for a potential no deal Brexit. Business owners are being urged to prepare now and take steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal. HMRC’s Brexit business

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7
Feb

Spring Statement 2019 date announced

  Spring Statement 2019 date announced  The Chancellor of the Exchequer, Philip Hammond, has announced that the government will respond to the forecast from the Office for Budget Responsibility (OBR) in the Spring Statement 2019 on Wednesday 13 March 2019. The Chancellor may take the opportunity to announce tax changes and consultations. We will update you on pertinent announcements. For

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6
Feb

Businesses urged to prepare for post-Brexit Customs Declarations

  Businesses urged to prepare for post-Brexit Customs Declarations HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a letter sent to 145,000 affected businesses, HMRC explains post-Brexit Customs, Excise and VAT procedure changes in the ‘unlikely event’ that the UK leaves the EU without a Brexit deal. HMRC’s

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17
Jan

Pension contribution increases ahead

  Pension contribution increases ahead The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers contributing at least 3% of this total amount. TPR is now starting to write to all employers to remind them of

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13
Dec

Advisory fuel rates for company cars

  Advisory fuel rates for company cars New company car advisory fuel rates have been published which took effect from 1 December 2018. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys

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