New Worldwide Disclosure Facility launched by HM Revenue & Customs
HM Revenue & Customs (HMRC) has announced the creation of a new Worldwide Disclosure Facility (WDF) that will allow people to ensure their affairs are correct before the Common Reporting Standard (CRS) comes into force in October 2018.
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More than a third of companies unaware of apprenticeship levy
New research from the British Chambers of Commerce (BCC) has revealed that more than one in three businesses have not heard of the apprenticeship levy.
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HMRC warning on Entrepreneurs’ Relief tax avoidance scheme
New guidance has been issued by HM Revenue & Customs (HMRC) about a recently discovered capital gains tax (CGT) avoidance scheme, as the Revenue continues to try and prevent taxpayers from exploiting loopholes in the tax regime.
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FSB sounds alarm on National Living Wage
The Federation of Small Businesses (FSB) has issued a warning about the impact of the introduction of the new National Living Wage (NLW) on the ability of some SMEs to turn a profit.
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Rapid increase in number of HMRC raids
Research has found a 28 per cent increase in premises raids by HM Revenue & Customs (HMRC) over the last year and a 53 per cent increase over the last five years.
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Revenue reviews card payments in cash-in-hand crackdown
HM Revenue & Customs (HMRC) has confirmed that, as part of a crackdown on cash-in-hand payments, it is monitoring the proportion of card payments processed by small businesses, including restaurants and retailers.
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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.