Navigating the complex world of pensions can be a daunting task, especially when you’re dealing with multiple pots from different periods of employment.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Only Seven Days until Paper VAT Registrations Are Scrapped by HMRC
From the 13th of November, businesses will need to complete their VAT registration online as part of HMRC’s Making Tax Digital (MTD) strategy.
The implications of the bank of Mum & Dad
Claire Johnson, a partner in Clarke Willmott’s private capital team, looks at the implications associated with the so-called ‘Bank of Mum and Dad’ and how parents can make informed choices about contributing to their child’s property purchase.
SME lender iwoca raises new £200 million funding line after reaching £2.5bn in finance lent
iwoca, one of Europe’s largest SME lenders, today announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners.
Bernie Ecclestone’s £652M fine – A Lesson for Other Tax Evaders?
Taxpayers need to be honest with the Revenue as soon as their affairs are challenged and not call HMRC’s bluff; otherwise, they will end up in the position that Bernie Ecclestone finds himself, say leading tax and advisory firm Blick Rothenberg.
Millions of gig workers and people with side hustles braced for tax crackdown
Rent out your home on Airbnb? Drive for Uber? Freelance on Fiverr? From January, these platforms will record your income and soon report it to HMRC…
HMRC nudge letters cause needless worry to UK taxpayers and often achieve nothing
Thousands more nudge letters being sent out by HMRC are causing needless worry to UK taxpayers, and are unnecessary.
New funding package supports Yorkshire business in developing sustainable solutions for global infrastructure and energy markets
Rosehill Polymers Group has finalised a multi-million-pound deal with Virgin Money and UK Export Finance to complete a refinancing and management buyout of the business and accelerate their worldwide growth ambitions.
‘Nosedive’ in HMRC service levels impacting millions of self-employed taxpayers
New research has found staggering dissatisfaction with HMRC service levels.
15 years since the Prompt Payment Code was introduced, has it prompted faster payments?
The Prompt Payment Code (PPC) was introduced to the UK in December 2008 as a voluntary code of practice, administered by the Office of the Small Business Commissioner (OSBC), on behalf of Department for Business and Trade (DBT).
Inheritance Tax Receipts reach £3.2Bn from April to August 2023, up £300M from same period year earlier
The latest figures from HM Revenue and Customs show that inheritance tax receipts increased to £3.2 billion in the five months from April 2023 to August 2023.
Capital Gains Tax changes may reveal underpaid tax
Changes to regulations regarding Capital Gains Tax (CGT) and separating couples could alert people to the fact that they may have failed to pay sufficient tax in the past.
UK businesses face money laundering threat under Treasury shake-up
UK businesses could be exposed to greater risks of money laundering under new proposals being put forward by the UK government,
HMRC poised to scrap ‘double taxation’ of IR35 in welcome move for contractors and their clients
Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules.
HMRC tax enquiries jumped by over 20 per cent last year in the space of just two years with 2999,000 enquiries last year
The UK’s 4.3m self-employed workers have been advised to prioritise their tax compliance after official HMRC data shows that the tax authority opened 299,000 tax enquiries last year – a 52,000 jump equivalent to 21% compared to two years before.
