News

Do you know the new UK commodity codes?

From 1 January 2022, businesses may need to change the commodity codes they use for goods that they import or export overseas.

What are the new rules for importing goods into Great Britain?

Full customs controls came into force on 1 January 2022 – one year after the Brexit transition period came to an end. If you import goods from Europe into...

What is the Export Support Service and how can it help my business?

With less than one month to go until the introduction of full customs controls, businesses are turning to the Export Support Service for crucial advice.

Prepare now for the final stage of MTD for VAT

The final stage of Making Tax Digital (MTD) for VAT is just a few short months away. From 1 April 2022, even the smallest VAT registered business will need to comply

Eight New Year’s resolutions that businesses should follow

Every year many of us decide to set a New Year’s resolution. Perhaps it is losing weight, going vegetarian or putting extra money away in your savings. Of course

Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?

Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that

PAYE Settlement Agreement can save time and costs

For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all

Self-Assessment taxpayers warned over fraudsters trying to steal information

Self-Assessment taxpayers have been warned to be on their guard against fraudsters trying to steal their information. Over the last year, HM Revenue & Customs (HMRC)

Should payments made by an employee for vehicle and uniform rental be treated as reductions when calculating the National Minimum Wage (NMW)?

Well according to a recent Employment Appeals Tribunal (EAT), yes, they should. In this latest case, a taxi driver in Watford was employed by a firm, which dictated