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The UK Government’s Start Up Loans scheme has now provided £600 million in loans to small businesses outside London, providing extensive support for entrepreneurs across

Having glimpsed the light at the end of the COVID tunnel, many of us will have everything crossed that progress towards normality will continue. The

Over the last two years, Companies House has disallowed more than 800 business names for being ‘too offensive’. Building That Fought Hitler Limited, Cambridge Cannabis

Families are reminded that they may be able to claim for tax-free childcare costs to help pay for breakfast and after school clubs as children

A government-funded Peer Networks scheme is offering support to small and medium-sized enterprises (SMEs) across the UK. The programme, which is free to join, helps

News broke in recent days that McDonalds were running out of supplies. As a direct result of these supply chain issues their iconic milk shakes

1 September 2021 – Due date for Corporation Tax due for the year ended 30 November 2020. 19 September 2021 – PAYE and NIC deductions

If you do not pay your tax bill on time and cannot make an alternative arrangement to pay, HMRC can take ‘enforcement action’ to recover

Almost three million people have moved off the furlough scheme since March as the economy began to bounce back and businesses reopened, according to new

In a recent news story published on the GOV.UK website, HMRC confirmed that nearly 1.8 million married couples and those in civil partnerships are claiming

As most drivers of a company car will be aware, if you have any private use of the vehicle this will result in a significant

‘She only makes the tea’ and ‘my employees are on standby’ are just some of the strange excuses used by businesses who have paid their

In a recent press release the government announced that more of the country’s leading businesses from a variety of industries have pledged their support for

Furlough numbers have recently fallen to a record-low since the beginning of the pandemic, government data has confirmed. When businesses started reopening earlier this year,

In what is likely to be the tip of a significant ice-berg, two companies who fraudulently applied for thousands of pounds in grants and loans

Couples may be eligible to reduce their Income Tax by up to £252 a year by sharing their Personal Allowances. HMRC has announced that nearly

It is still possible to register for one of two schemes under the Help to Grow banner.   Help to Grow Management Help to Grow:

Ministers have revealed bold plans to reform and modernise the way regulations are made and implemented in the UK. Following Brexit, the UK has the

Many businesses will have seen a reduction in activity as a direct result of the COVID pandemic. Assets and resources previously fully employed now lie

The UK Government’s Business Secretary, Kwasi Kwarteng, has revealed an arsenal of planned reforms to boost competition and protect the public from rip-offs, fraud and

1 August 2021 – Due date for Corporation Tax due for the year ended 31 October 2020. 19 August 2021 – PAYE and NIC deductions

You can claim up to £1,000 each tax year in tax-free allowances for property or trading income. If you have both types of income, you

Charity sponsorship payments are different from donations because your company gets something related to your business in return. Typically, your business brand would be promoted

Expenditure on business entertainment is not allowable as a deduction against profits. Nor may a deduction be made for any expenditure which is incidental to

If you sell second-hand vehicles and you were not charged VAT when you purchased the vehicle, using the Margin Scheme will save you money. If

Unless government has a change of heart the present furlough scheme will close 30 September 2021. Businesses that have depended on this grant to hold

In an open letter to the UK logistics sector, the Government has announced an urgent initiative to resolve the mounting shortage of lorry drivers in

HM Revenue and Customs (HMRC) has issued a statement urging students and other summer workers to check that they are being paid the correct National

The tax office is now open for claims from employees that have incurred work-related costs for the year to 5 April 2021 and have not

Inflation is a measure of how much the value of currency depreciates each year. For example, if prices for a loaf of bread rise by

Next week, many of the present lockdown regulations in England are being relaxed. But cautionary guidance has also been published. It recommends: Meeting in well-ventilated

One of the largest fixed costs associated with business premises are rates payments to local authorities. The present system for reviewing rates in England is

Employers will need to start contributing to work not done by furloughed employees from 1 July 2021. The update from HMRC is reproduced below: From

1 July 2021 – Due date for Corporation Tax due for the year ended 30 September 2020. 6 July 2021 – Complete and submit forms

You must declare goods that you take with you to sell outside the UK – for example if they are in your baggage or in

Tax credits applicants should be vigilant and alert to potential scams, HMRC has warned. In the 12 months to 30 April 2021, HMRC responded to

If an individual dies and for whatever reason executors or the Treasury Solicitor’s department are unable to track down beneficiaries, the unclaimed estate falls under

Release from social distancing restrictions, in England, is deferred until 19 July 2021, which for most of us, means no change up to that date.

COVID disruption has added a further layer to the business risk cake. Do you know how many of your customers are at risk of failure?

HMRC have issued the following comments on their adoption of a risk-based penalty strategy for 2021-22. They said: Following HMRC’s review of the effectiveness of

First, let’s define these terms. “informed” – a decision or judgement based on an understanding of the facts of the situation. “guesswork” the process or

January and July are positive cash flow months for the UK Treasury as a number of significant taxes fall due for collection. Next month, July

None of us are particularly thrilled to receive communications from HMRC, but fraudulent contacts, by email and other means, are becoming commonplace and innocent members

The online portal for the new VAT payment scheme closes on 21 June 2021. Over half a million businesses deferred £34 billion in VAT payments

Government continues to be optimistic about the outlook for employment. In a recent press release they said: “Furlough numbers have fallen to their lowest level

If there is any Inheritance Tax to pay on gifts you make during your lifetime, it is charged at 40% on gifts given in the

1 June 2021 – Due date for Corporation Tax due for the year ended 31 August 2020. 19 June 2021 – PAYE and NIC deductions

If you are new to the import process the following check list will provide you with a rough guide to what you need to do: