The Two Step Verification (2SV) procedure is a new HMRC online security measure that is similar to those used in online banking and is intended to reduce the risk of online tax accounts being hacked. more»
A new online HMRC forum has been officially made public, giving small business owners a place to receive direct advice for every stage of starting and growing a company. more»
Only a third of small UK business owners believe HMRC applies penalties and sanctions equally on those breaking the law, as new survey findings suggest the tax office is failing to demonstrate tax fairness. more»
The switch to a fully digitised tax system has been pushed back until at least 2020, after the government announced a new Making Tax Digital timetable to minimise business disruption and costs. more»
As Theresa May scrambles to form an alliance with other political leaders, Business Advice takes a look at some Conservative party small business policies that could be in jeopardy after the election. more»
A freelancer election manifesto from the UK’s largest independent professionals organisation has demanded a reformed taxation system for sole traders, taking away HMRC’s legislative powers and creating a bespoke freelance tax model. more»
It is likely that Making Tax Digital will be delayed by at least one year, meaning that it could now take until 2020 for the initiative to have an impact on millions of small business owners. more»
HMRC has begun to distribute invitations for a Making Tax Digital pilot, giving a small number of business owners the chance to road-test the incoming system. more»
The Treasury select committee has called for an independent review into the impact of quarterly tax reporting for small business owners, a new requirement under the government’s Making Tax Digital plans. more»
The Federation of Small Businesses (FSB) has backed a House of Lords report that calls for significant digital tax proposals, including a full delay of Making Tax Digital until 2020. more»
