News

What would Brexit mean for UK SMEs?

1 Mar 2016

According to a report called The New Internationals from commercial insurer RSA, the UK’s SMEs are EU-dependent, with 82 per cent seeing European markets as important to their future growth. Some 52 per cent say it is very important whilst

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Companies must record PSCs

1 Mar 2016

From 6 April 2016, the Small Business, Enterprise & Employment Act 2015 is introducing new rules on identifying and recording who owns and controls UK companies and LLPs. These entities will have to collect and keep information about people with

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Excuses, excuses

15 Feb 2016

HM Revenue & Customs (HMRC) has revealed the worst excuses it has heard over the previous year from people filing late tax returns.

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Audit exemption for small companies

1 Feb 2016

The Government has considered responses to questions posed on the audit exemption threshold in its discussion paper on the implementation of the Audit Directive (2014/56/EU) and the Audit Regulation (Regulation 537/2014) and raised the audit exemption threshold. This means that

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MPs say the UK is not ready for digital tax

1 Feb 2016

During the Chancellor’s 2015 Autumn Statement, the Government announced its plans to reform tax legislation to require small businesses, the self-employed and landlords to update HMRC quarterly, rather than completing an annual tax return. The Government intends for quarterly updates

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