Latest News

Small businesses see changes to the VAT Flat Rate Scheme

12 Apr 2017

Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes, which came into effect at the beginning of this month. The Flat Rate Scheme was created

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Warning over unexpected late payment notices in relation to now-liquidated companies

12 Apr 2017

A number of prominent UK collection agencies appear to be closely monitoring liquidations and issuing some businesses and individuals who have purchased goods and services from now-liquidated companies with unexpected payment notices. In some cases, such notices may demand interest

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Trivial in name only – do you know the rules on trivial benefits in kind?

12 Apr 2017

Although designated as ‘trivial’ by the taxman, trivial benefits in kind can result in tax savings for you and your employees, which can be anything but trivial. The rules cover benefits such as taking employees out for meals or giving

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Making Tax Digital: Cash basis accounting for landlords

12 Apr 2017

As part of the introduction of Making Tax Digital, HM Revenue & Customs (HMRC) has confirmed that it will extend the simplified cash basis of accounting for businesses with a turnover below £150,000. This expansion of cash basis accounting is

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Record number of employers underpaying workers

12 Apr 2017

As the National Minimum Wage prepares to go up this month, the Department for Business, Energy and Industrial Strategy has released its latest ‘rogue’s gallery’ of under payers – and it is the biggest list to date. More than 350

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