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CIOT reports increase in R40 refund errors

CIOT reports increase in R40 refund errors

Posted in Latest News on October 2, 2018

According to a new report by the Chartered Institute of Taxation (CIOT), there have been a growing number of R40 computation errors on refunds processed …

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Workers miss out on £15.6 million in pay through minimum wage breaches

Workers miss out on £15.6 million in pay through minimum wage breaches

Posted in Latest News on October 2, 2018

Minimum wage breaches, including breaches of the National Living Wage, have cost workers from across the UK a combined total of £15.6 million in lost …

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HMRC finally launches MTD communications plan and simplified guidance

HMRC finally launches MTD communications plan and simplified guidance

Posted in Latest News on October 2, 2018

With only six months left until the launch of Making Tax Digital for VAT, HM Revenue & Customs (HMRC) has finally begun sharing information with businesses …

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Micro businesses bear the brunt of late payments

Micro businesses bear the brunt of late payments

Posted in Latest News on October 2, 2018

Recent research has shown that micro businesses are bearing the brunt of late payments, with just 52 per cent of the invoices they issue being paid on …

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HMRC investigates estate valuations as part of IHT campaign

HMRC investigates estate valuations as part of IHT campaign

Posted in Latest News on October 2, 2018

The number of investigations conducted against estates thought to be avoiding Inheritance Tax (IHT) has increased, according to new data from HM Revenue …

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Government backed tax-free savings plan to help savers earn 50p on every £1

Government backed tax-free savings plan to help savers earn 50p on every £1

Posted in Latest News on October 2, 2018

The Government has launched a new savings account that offers savers a 50 per cent tax-free bonus on the money they deposit. The new Help to Save account …

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Just eight per cent of business loan applications successful with one high street bank

Just eight per cent of business loan applications successful with one high street bank

Posted in Latest News on October 2, 2018

On average, less than one in 10 SME loan applications to one nameless high street bank are successful. The figures were released by SME funding platform, …

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Employment claims from contractors brought within IR35 expected after HMRC settlement

Employment claims from contractors brought within IR35 expected after HMRC settlement

Posted in Latest News on October 2, 2018

A freelance marketing and business development consultant has reached a settlement with HM Revenue & Customs (HMRC) after arguing that she should be …

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Budget date 2018 announced, with half the usual notice

Budget date 2018 announced, with half the usual notice

Posted in Latest News on October 2, 2018

The Chancellor has announced that the 2018 Budget will take place on Monday 29 October 2018, having given just half the usual 10 weeks’ notice of the …

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Working 9 to 5? It’s an unusual way to make a living

Working 9 to 5? It’s an unusual way to make a living

Posted in Latest News on September 5, 2018

The archetypal 9am to 5pm working day might be so ingrained into the psyche of workers across the Western world that Dolly Parton wrote a song about it, …

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