The UK could face trade tariffs of up to 25 per cent on a host of exports in retaliation against a tax on US tech giants.
Month: March 2021
Two in five businesses report cyber attacks in last 12 months, major study reveals
Two in five UK businesses have experienced a cyber-attack in the last 12 months, a major study has revealed.
Government to crack down on rogue tax advisers
Accountants who provide tax advice may be required to hold professional indemnity insurance (PII) under new laws proposed this week.
Putting off completing your HMRC Self Assessment is no longer an option as the April deadline approaches
To avoid incurring the wrath of the taxman, Self Assessment taxpayers have just over a week to get their self-assessment in order to pay any outstanding tax liabilities in full. Alternatively, they can set up an online payment plan for the 2019/20 financial year to avoid incurring penalty charges, according to HM Revenue & Customs (HMRC).
COVID vaccination success provides businesses with confidence
The success of the COVID vaccination programme helped to instil confidence within many UK businesses once more. A survey revealed that the number of confident firms is at its highest level since 2018.
Basic Payment Scheme opens for applications following “biggest change to agricultural policy in half a century”
Farming and agricultural businesses can now apply for 2021 payments under the new Basic Payment Scheme (BPS), it has been announced. Read More
Increasing number of taxpayers targeted with threatening tax scams, HMRC warns
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. Read More
Businesses are missing out on ‘significant’ revenue due to unclaimed VAT
UK businesses are losing 12 per cent of their revenue because they are failing to reclaim VAT, the latest research has revealed. Read More
Future Fund: Breakthrough to launch in summer 2021
The Future Fund: Breakthrough scheme, which is replacing the closed (to new applications) Future Fund scheme, will open in the UK around the start of summer.
Self-employed who missed extended tax return deadline “not eligible” for SEISS support, HMRC reveals
Self-employed taxpayers who failed to file their tax return by 02 March 2021 will not be entitled to further support under the Self Employment Income Support Scheme (SEISS), it has been revealed. Read More