The financial secretary to the Treasury explains why Making Tax Digital is the right way to go for small companies, and offers tax compliance tips from both a political and a business perspective. more»
HMRC has faced accusations of failing Britain’s self-employed workforce, as a new report reveals over 4m calls made to its tax helpline were left unanswered over the past year. more»
New legislation could see thousands of UK business owners face upfront VAT charges on goods imported from the EU once Britain leaves the customs union. more»
The government has challenged Britain’s fintech innovators to develop new apps that will help renters boost their credit scores and get on the housing ladder, with £2m set aside for winning applicants. more»
The Autumn Statement 2017 introduced an increase to the R&D tax relief as the government looked to accelerate business innovation and economic output. more»
The Treasury has strongly hinted that IR35 rules governing how freelancers and contractors are taxed could soon be extended and rolled out to the private sector. It’s more than unsettling, writes Julia Kermode, chief executive of The Freelancer & Contractor Services Association. more»
After an independent, government-backed review recently recommended significant changes to Britain’s VAT system, Business Advice readers got in touch to offer the perspectives of the UK’s small business owners. more»
An independent review has proposed significant changes to the VAT system, promising to simplify the tax burden for small business owners. But, with indications the entry threshold could be reduced, an organisation representing smaller firms has called for reform to instead focus on supporting entrepreneurs. more»
The Treasury has announced it will push back the abolition of Class 2 NICs for a further year, as tax campaigners welcomed the “breathing space” offered to the UK’s low-earning self-employed until April 2019. more»
B&b owners and taxi drivers are among those most likely to under-report taxable income to HMRC, according to new analysis that has suggested as many as six in ten self-assessment tax returns fail to declare the full amount owed. more»
