Almost half of UK business owners are braced for a GDPR non-compliance penalty ahead of the 25 May deadline, new survey findings have found, with private enterprises struggling to agree on internal accountability. more»
Without better analysis into claims small businesses are significant contributors to Britain’s so-called “tax gap”, HMRC risks unfairly stigmatising the self-employed, tax campaigners have warned. more»
The tax gap fell to six per cent in 2015 to 2016, as government measures to crack down on tax avoidance, evasion and non-compliance have taken effect. more»
Updated privacy policies are a key requirement ahead of the introduction of GDPR laws on 25 May 2018, and business owners risking non-compliance could face regulatory action. more»
In the year to April 2017, revenue related to VAT accounted for almost half of HMRC’s additional tax take from investigations into small and medium-sized companies by two compliance taskforces. more»
A third of small UK business owners remain unaware of auto-enrolment law and how it will affect their company when workplace pensions become mandatory in 2018. more»
With other processes being moved online to save time and money, adopting e-signatures could be the last part of the puzzle to improve efficiencies. more»
HMRC could face fresh criticism that its efforts to plug the UK’s “tax gap” works unfairly against small businesses, as it continues to try and compensate for non-compliance. more»
