Businesses trading internationally can now use the first iteration of the new Customs Declaration Service (CDS). Continue reading
Calls for SMEs to ‘go cashless’
Small and medium-sized enterprises (SMEs) are facing mounting pressure to ‘go cashless’ and adopt new payments technology in order to keep up to speed with consumer trends. Continue reading
More than half of UK landlords are optimistic about outlook for buy to let market
A new survey has found that over half of landlords in the UK feel optimistic about the buy to let sector despite a raft of regulatory and tax changes introduced in recent years. Continue reading
Record high of £14.6bn paid in corporation tax by UK financial services sector
The UK financial services (FS) sector paid a record high of £14.6 billion worth of corporation tax (including Bank Levy) in the last year, up 24 per cent from the £11.8bn paid during the 2015/16 financial year according to industry figures. Continue reading
Have you used your unused pensions annual allowance?
HM Revenue & Customs (HMRC) has reminded taxpayers that they can carry forward any unused annual allowance if their pension savings exceed this year’s allowance. Continue reading
AAT calls on Government to reconsider proposed Rent a Room tax relief changes
The Association of Accounting Technicians (AAT) has called on the Government to rethink its proposals to reform Rent a Room tax relief, amid concerns that the changes would result in “unnecessary complexity.” Continue reading
The professions that pay the most income tax revealed
Bankers and insurance brokers face a bigger income tax burden than ever before, accounting for more of the Governments largest source of tax revenue than any other industry. Continue reading
Small businesses anticipating strong growth over next two years
UK small and medium-sized enterprises (SMEs) are expecting growth of up to 40 per cent over the next two years, a new study reveals. Continue reading
Do you have unreported foreign income or profits?
HM Revenue & Customs (HMRC) has warned taxpayers to declare any foreign income or profits on offshore assets before 30 September to avoid unwanted penalties. Continue reading
SMEs urged to keep up with digital payments demand
A new study suggests that UK small and medium-sized enterprises (SMEs) need to embrace digital payments technology in order to keep up with consumer demand. Continue reading
