HMRC catches VAT fraudster who set up fake companies in £120,000 scam
A London grocer who used fake companies to claim almost £120,000 in VAT repayments has been sentenced by HMRC. more»
Tax & admin
Waiting on an invoice payment? Don’t expect it before Christmas
Today, 13 November, is statistically the last day that SMEs can be guaranteed to get paid in time for Christmas because of habitually late client payments. more»
When your boss sends a suspicious email, what do you do? Impersonation fraudster exposed
Just as we get our heads around phishing tactics, the scammers change the game. When our editorial director sent us an urgent morning email, something didn’t seem right. more»
Number of UK side hustlers rises by a third in 10 years
The number of ‘side hustlers’ – individuals who run their own business in addition to their day jobs – has risen by 32% in the last decade, according to research by Centre for Economics and Business Research (CEBR) and web hosting firm GoDaddy. more»
Government officially axes unpopular staircase tax
As of yesterday, 2 November, thousands of companies in England are able to ask for rebates to their business rates after the so-called staircase tax was repealed. more»
“Start planning immediately”: HMRC begins Making Tax Digital pilot
With six months to go until the first stage of HMRC’s Making Tax Digital is introduced, the tax office has rolled out its first test pilot and business owners have been urged to apply. more»
HMRC “aggressively” seizing small business assets to settle tax bills
The HMRC is “aggressively” seizing more assets from UK businesses struggling to pay their tax bills in cash, as experts warn against a heavy-handed approach on smaller firms. more»
£120,000 VAT scam exposed: HMRC sentences small business owner
A clothing wholesaler from Rochdale has been sentenced by HMRC after forging documents to steal almost £120,000 in VAT repayments. more»
Why all the confusion with R&D tax credits? 3 entrepreneurs make things clear
To help business owners claim R&D tax relief, three entrepreneurs discuss their experiences with the government initiative. more»
ITV star Eamonn Holmes pursued by HMRC for unpaid tax bill worth £2m
Eamonn Holmes, host of ITV’s This Morning, revealed last weekend he is embroiled in a tax battle with HMRC that experts claim could cost him up to £2m. more»
