Trials and tribulations of ambitious owner-managed businesses
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A major report commissioned by Avonglen will identify and consider the hopes and aspirations, the trials and tribulations of ambitious owner-managed businesses. The report will... Read More →
Making Tax Digital Update | January
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The government published their responses to the six consultations on making tax digital (MTD). In response to the consultations the government have decided the following:... Read More →
Making Tax Digital Update | December
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Over the summer HMRC published six consultation documents on Making Tax Digital. The six consultations set out detailed plans on how HMRC propose to fundamentally... Read More →
‘No excuses’ for auto enrolment mistakes say TPR
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The Pensions Regulator is reminding employers and their advisers, that they need to comply with their auto enrolment duties or face penalties: ‘Being ill or... Read More →
Seasonal gifts to employees – make sure they are tax free
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At this time of year some employers may wish to make small gifts to their employees. For many years HMRC have been prepared to accept... Read More →
Autumn Statement 2016 Update
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On Wednesday 23 November the Chancellor Philip Hammond presented his first, and last, Autumn Statement along with the Spending Review. His speech and the supporting... Read More →
Government is open for business: new advisory panel
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A panel of business experts from across the UK is meeting for the first time today under plans to boost government spending with small and... Read More →
Apprenticeship levy requirements ahead of April 2017
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The apprenticeship levy, coming in to force on 6 April 2017, will require employers with a wage bill in excess of £3 million to pay 0.5% of... Read More →
Uber and the ‘gig economy’
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Article from Peninsula Business Services on the recent case involving Uber and the ‘gig economy’. A gig economy is an environment in which temporary positions are common... Read More →
HMRC loose tribunal on company car VAT claim
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HMRC recently lost a first tier tribunal case on the recovery of VAT on the purchase of six cars. Although most VAT registered businesses are... Read More →
Details on the new tax free childcare scheme – HMRC
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HMRC have announced further details of the new Tax Free childcare scheme which is to be introduced in 2017. To be eligible, families will have... Read More →
Autumn Statement will be significant
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It will be a packed house on Wednesday 23 November when the whole world will be watching the Chancellor of the Exchequer, Philip Hammond, present... Read More →
Boards fail to protect against cyber attacks
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BOARDS are failing to protect their companies and customers against cyber attack, despite more companies taking out cyber insurance, according to new research. Less than... Read More →
MPs launch corporate governance inquiry
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Interesting article featured in the Financial Director this month partly on the back of the BHS and Sports Direct inquiries. MPs have launched an inquiry... Read More →
What happens if you fail to comply on auto enrolment
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Auto-enrolment has had much coverage over recent months, one thing that is of utmost importance, however, is the penalties SMEs could face for non-compliance. The... Read More →
HMRC Guidance – Employer Bulletin
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HMRC have issued their latest guidance to employers in the August edition of the Employer Bulletin. This publication, which is issued every two months, includes... Read More →
New Government proposals for sanctions on tax avoidance
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The Government has announced new proposals for sanctions for ‘enablers and users of tax avoidance which is defeated by HMRC’. The consultation proposes a new... Read More →
HMRC details plans for digital taxation
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HMRC have issued a series of consultation documents outlining further plans for the government’s Making Tax Digital (MTD) initiative. HMRC have published six consultation documents... Read More →
HMRC Guidance – Student Loan Deductions
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HMRC have issued updated guidance to employers on how to deal with student loan deductions via the PAYE system. Employers should familiarise themselves with the... Read More →
Investors’ relief – potential savings for investors
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The new investors’ relief (“IR”) announced in the 2016 Budget allows investors to enjoy a lower rate of tax at 10% on lifetime gains of... Read More →
Radical departmental restructure brings to end the Department for Business Innovation & Skills (BIS)
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GREG CLARK will head up a new department for business, energy and industrial strategy as part of new prime minister Theresa May’s cabinet reshuffle. Clark... Read More →
UK Labour Market Statistics – 3 months to April 2016
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The latest ONS labour market statistics show a 55,000 rise in employment in the three months to April 2016. The Office for National Statistics has... Read More →
