Firms told to guard against MTD complacency

VAT-registered businesses in the UK are being urged not to panic with little over a week to go until Making Tax Digital (MTD) comes into force. The warning comes from a joint digitalisation strategy working group that consists of members from the Association of...

Most unpaid tax caused by ‘errors and carelessness’

Carelessness is the most common reason for small businesses and individuals failing to pay the right tax, according to HMRC. A policy paper on tackling tax evasion and avoidance published after Spring Statement 2019 said the introduction of Making Tax Digital (MTD)...

Apprenticeship starts fall by a quarter

The number of people starting apprenticeships has fallen by 26% since the Government's reforms to the apprenticeship system, according to a report from the National Audit Office (NAO). In April 2017, the Department for Education (DfE) introduced several changes to the...

1 month left to payroll employee benefits and expenses

Employers have one month left to register online to put expenses and benefits through payroll for the 2019/20 tax year, ahead of the deadline on 5 April 2019. Payrolling benefits in kind means most employee benefits can be taxed through payroll instead of through the...

1 in 4 SMEs say revenue ‘fluctuates wildly’

More than a quarter of small businesses experience large variations in their revenue throughout the year, according to research from Direct Line for Business. In a survey of 500 senior decision-makers at small and medium-sized businesses in the UK, 26% said their...