Time is running out to register for 2017/18 self-assessment

Those who run their own business or receive Child Benefit and are required to submit a tax return for the first time are being reminded to register for self-assessment before 5 October 2018.

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Credit Cards funded UK summer spending spree

Industry figures have revealed that credit card lending is rising at its fastest pace since February after the summer’s hot weather boosted retailers.

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Calls to reform SDLT

In recent weeks, estate agents, surveyors, researchers and more have all called on the Government for reforms to Stamp Duty Land Tax (SDLT), amid concerns that the levy is increasingly having a negative impact on the market.

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Two-thirds of SMEs are planning to grow in the next three months

According to new research, from Hitachi Capital’s British Business Barometer, within the next three months, 67 per cent of SME owners are working on their growth plans, compared to 61 per cent last year.

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Delay IR35 in the private sector, says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has called on the Government to delay new off-payroll working rules in the private sector with fears that the regulations are not fit for purpose.

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HMRC increasingly launching Inheritance Tax investigations

New figures published in the press this week reveal that HM Revenue & Customs (HMRC) is increasingly cracking down on perceived Inheritance Tax (IHT) avoidance by targeting estates it believes have undervalued residential properties.

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Almost three quarters of SMEs ‘unprepared’ for cyber attacks

A worrying new study suggests that almost three quarters (74 per cent) of small and medium-sized enterprises (SMEs) have not put any money aside to deal with a cyber attack.

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HMRC’s fraud investigation team collects £5.47 billion in extra tax

HM Revenue and Customs (HMRC) collected £5.47 billion in extra tax in 2018 through fraud investigations – approximately seven per cent more than the amount collected the previous year (£300 million).

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Workers to benefit from new Help to Save scheme

From this week, workers are set to benefit from the Government’s new Help to Save scheme, which rewards savers with an extra 50p for every £1 saved. The launch of the scheme follows a successful eight-month trial, in which 45,000

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Millennials hit hardest by financial crisis

According to figures from the Institute for Fiscal Studies (IFS), earnings for UK workers are still lower than they were in 2008, having failed to recover in the decade since the financial crisis, with millennials the hardest hit.

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