14.05.24
The Department of Business & Trade (DBT) has released the finalised draft of the Code of Practice on Fair & Transparent Distribution of Tips
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Subsidy Control Bill set to replace “bureaucratic” EU State Aid regime
New State Aid rules will eliminate red tape and give British businesses greater access to financial support, the Government has revealed. The report comes after the
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What the Northern Ireland protocol extension for “chilled meats” means for British businesses
It was revealed last week that an extension to the Northern Ireland Protocol grace period for chilled meats had been agreed upon. But what does this mean for
Guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS) published
HM Revenue & Customs (HMRC) has published detailed guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS), which will open for claims in the
Time to prepare for Corporation Tax changes
From April 2023, the Corporation Tax rate will rise for companies with profits of more than £50,000, following the Chancellor’s announcement at his Spring 2021 Budget.
Making Tax Digital for Income Tax – Get ready now!
The next big step in the Government’s Making Tax Digital (MTD) initiative is rapidly approaching. From 6 April 2023, MTD is expanding to include businesses and
Points-based system for HMRC late payment penalties
Penalties for late submission and late tax payments will be determined by a new points system to make them fairer and more consistent, HM Revenue & Customs (HMRC) has
Take account of your year-end tax liabilities
Payments on account are advance payments towards your tax liability for the year, if you complete a UK Self-Assessment tax return and is a way of settling tax owed.
Director’s ban a warning to others to keep proper company records
A payroll services boss has been banned for orchestrating a multi-million-pound tax avoidance scheme. The case puts a spotlight on company owners and should serve as a
Don’t miss the deadline for renewing tax credits
Unlike other benefits, tax credits usually have to be renewed each year by 31 July to continue receiving payments from HM Revenue & Customs (HMRC). If you are claiming
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