HMRC has made it easier for self-assessment taxpayers to pay the tax they owe incrementally on a monthly basis, by extending the threshold for ‘time to pay’ applications, as part of efforts to ease financial stresses caused by the pandemic. “The increased £30,000 threshold follows the Chancellor of the Exchequer’s announcement on 24 September to […]
Uncertain times often means opportunity for fraudsters to exploit businesses and the public. The value of alleged cybercrime cases reached over £1 billion in UK Courts in 2019, according to research by KPMG. Unfortunately for businesses the main threat may be from within, if employees are facing more financial difficulty, they might take risks, employers […]
The chancellor recently announced a new raft of VAT changes to help businesses navigate COVID-19, here are the main changes: “On 24 September 2020, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead […]
The government plans to end VAT-free shopping for international visitors to the UK at the end of the year, major retail players like Selfridges, Heathrow and Marks and Spencer have warned the government that the UK could lose billions of pounds in lost income and it could but 70,000 jobs at risk. Under the VAT […]
With COVID-19 infection rates rising it’s debatable if businesses could survive a full-scale lockdown like the one imposed in March, but whatever restrictions they do or don’t put in place, it’s clear that it is going to be a bumpy ride over the next few months. What can you do as a business to ensure […]
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