Making Tax Digital delayed by at least a year for the majority of businesses
The Government has announced that it plans to delay the full implementation of digital taxation until 2020.
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Scammers take advantage of businesses ignorance on EU VAT rules
Businesses across the UK are being targeted by scammers who are charging them to update companies VAT registration numbers online, when it is not necessary.
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Landlords – unpaid tax should be declared sooner rather than later
Landlords are being advised that HM Revenue & Customs (HMRC) is redoubling its efforts to crackdown on individuals who fail to properly report their taxes.
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Taylor report recommends review of cash-in-hand
Cash-in-hand payments should be replaced with technology driven alternatives in hopes of collecting up to £6 billion more in tax – this is the conclusion of a Government-commissioned review conducted by Matthew Taylor, head of the think-tank the Royal Society of Arts.
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Credit and debit card charges to be banned as cashless economy grows
From January next year businesses across the UK need to ensure that consumers are no longer being charged extra for paying by debit or credit card, according to new legislation from the Government.
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HMRC given an extra £5.3 million to enforce minimum wage compliance
According to the Government’s latest Labour Market Enforcement Strategy report HM Revenue & Customs (HMRC) is to receive an additional £5.3 million of funding in 2017/18 to ensure businesses are paying employees the national minimum wage (NMW) and national living wage (NLW).
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The information in this newswire is believed to be correct at the time of circulation. It is essential to take advice on specific issues.