National Audit Office leads independent review of controversial Loan Charge

A major regulator will lead an independent review into the controversial Loan Charge scheme after concerns that taxpayers were “not ready” to face the penalty.

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More than 2,800 retail stores closed during first half of 2019

According to the latest industry research, around 16 shops are closing every single day on UK high streets as retailers look to restructure their businesses and adapt to increased levels of online shopping.

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Making Tax Digital: what happens next?

Making Tax Digital (MTD) for VAT was launched in April 2019, which means that hundreds of thousands of businesses are now recording and reporting their accounts digitally to HM Revenue & Customs (HMRC).

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What happens if I don’t understand VAT?

What your business needs to know about VAT…

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New council to increase access to small business finance, says minister

A new enterprise scheme will help small and medium-sized businesses to access finance and take advantage of post-Brexit business opportunities, it has been revealed.

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Small businesses raise millions through Bank Referral Scheme, figures show

More than 1,700 businesses have been granted alternative finance options through the Bank Referral Scheme (BRS) after being turned down for traditional business loans, new figures reveal.

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Government launches £10 million Brexit Readiness Fund

The Government has launched a £10 million Brexit readiness fund that will help provide support for businesses who are preparing for Brexit ahead of the 31 October deadline.

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HMRC publishes IR35 guidance

HM Revenue & Customs (HMRC) has published its first in-depth guidance for off-payroll workers (IR35) and how they will operate in the private sector.

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UK creative sector receives more than £1.1 billion in tax relief

The UK’s creative industries received more than £1.1 billion in sector-specific tax reliefs in the last year, according to the latest research.

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CIOT urges HMRC to delay VAT reverse charge for the construction industry

The Chartered Institute of Taxation (CIOT) is urging HM Revenue & Customs (HMRC) to delay the introduction of the VAT reverse charge for the construction industry.

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Half of UK SMEs are struggling with cash flow

According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit.

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Late payments causing businesses more problems than last year

According to the latest research from the Independent Chartered Accountants of England and Wales (ICAEW), late payments are more of a problem for businesses than they were last year.

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Burgeoning costs of employment forcing small businesses to cut back on investment

The rising legal minimum wage is forcing small businesses to cut back on investment and reduce headcount, a new study has revealed.

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Government encouraging SMEs to sign up for funding to help with Brexit

The Government is encouraging UK small and medium sized enterprises (SMEs) to register for funding to help them cope with a new customs system following a potential no-deal Brexit.

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Half of all SMEs make VAT return mistakes

Half of all small-medium sized enterprises (SMEs) make errors when filing their VAT returns, according to the latest research.

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