OTS to consider “benefits and implications” of moving tax year end date

The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date.

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HMRC letters remind businesses of VAT payments change

Reminder letters are being sent out to tens of thousands of UK companies explaining changes in the Making Tax Digital (MTD) system and how it affects them.

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Register for Making Tax Digital for VAT or risk penalties, HMRC warns

Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.

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Claim up to 50 per cent off business software under new Help to Grow scheme

Small and medium-sized firms could get a discount of up to 50 per cent on the costs of business software under the new Help to Grow scheme, it has been revealed.

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Six out of 10 firms to employ more staff

Sixty per cent of small businesses (SMEs) are planning to recruit more staff over the coming months as we emerge from lockdown.

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Workplace pension re-enrolment – how does it work?

Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there.

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HMRC publish new guidance on delayed customs import declarations

New Government advice will help traders submit customs import declarations for non-controlled goods imported from the EU, it has been announced.

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Work from home tax relief: what employees need to know

It was confirmed this April that employees can continue to claim tax relief on work from home costs not reimbursed by employers, but only if they make a new claim for the 2021/22 tax year.

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‘Historic opportunity’ to build a stronger economy

The UK should seize the chance to emerge from the pandemic with a stronger, fairer and more resilient economy.

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Supporting hospitality clients post-pandemic

The coronavirus pandemic hit the hospitality industry particularly hard, with no remote or home-working options viable for these employees and many still on furlough.

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Recovery Loan Scheme now open for business, Government confirms

British businesses can now apply for affordable loans of between £1,000 and £10 million under the new Recovery Loan Scheme (RLS).

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America could slap 25 per cent trade tariffs on the UK

The UK could face trade tariffs of up to 25 per cent on a host of exports in retaliation against a tax on US tech giants.

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Businesses return £215 million furlough payments to the Government

According to HM Revenue and Customs (HMRC), more than £215 million of Coronavirus Job Retention Scheme (CJRS) payments have been willingly returned to the Government by UK firms, out of £35.4 billion worth of claims up until 16 August.

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HMRC urging businesses to prepare for potential no-deal Brexit

Ahead of Britain’s upcoming departure from the European Union (EU), HM Revenue & Customs (HMRC) is warning businesses about the necessary steps they need to take to prepare for the unlikely event of a no-deal Brexit.

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Government announce proposals to end late payments for small businesses

The Government has proposed new measures to tackle the issue of late payments to small businesses by larger companies who abuse their position in the market.

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