Global shipping companies will from April 2022 be offered tax breaks if they fly the UK’s historic merchant shipping flag, the red ensign.
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
Rishi Sunak splashes the cash in giveaway budget
Rishi Sunak today repudiated austerity as he used better than expected economic growth to boost spending on public services.
Fears over the future of free debt advice
There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut.
UK’s buy now, pay later credit industry to face regulation even though limited evidence of harm
Tighter regulation of the buy now, pay later credit industry is on the way, though the government has concluded there is “relatively limited evidence” of widespread consumer harm.
Experts say £10,900 a year needed to retire
A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, academics have estimated.
NIC changes have come at a tricky time for SMEs
The Government’s decision to increase national insurance contributions (NIC) by 1.25 per cent from April 2022 has come at a tricky time for SMEs, many of which are struggling with the operational issues and the fallout of the pandemic.
Tax lost in UK due to fraud amounts to £35bn – almost half, say campaigners
The amount of tax lost in Britain through non-payment, avoidance and fraud has increased to £35bn, according to official figures.
JP Morgan unveils Chase, its UK digital bank
JP Morgan Chase is aiming to become one of the biggest lenders in Britain through the launch of a new digital bank next week.
Personal Guarantee backed loans risk being dismissed in favour of credit cards and overdrafts
Purbeck Personal Guarantee Insurance is urging entrepreneurs to educate themselves on the pros and cons of signing a personal guarantee
PayPal raises fees between UK and Europe
PayPal is introducing new fees for payments between businesses in the UK and those in Europe, from November.
5 Ways to simplify your business accounting
Accounting is one of those things that most people find confusing and frustrating.
Beyond Covid-19: Homeworking Expenses and the tax rules you need to know about
It would appear that home working is here to stay, at least in some form. Employers and employees are having conversations around agile or smart working, and getting ready for the day when working from home is no longer mandated but, rather, a choice.
Business Relief: The six golden rules
Business Relief (BR) solutions should be approached as an investment service in their own right and not solely considered as a tax solution. Advisers should remember not to let the, “tax tail wag the investment dog.”
Clarkson’s Farm: Can you claim 130% of the cost of buying your sheepdog?
Clarkson’s Farm, Jeremy Clarkson’s new Amazon Prime series has highlighted not only the importance of working dogs on a farm but also the cost of these hard-working animals.
The tax implications of remote working abroad: What employers need to know
By now, we all know that getting back to “normal” will, for many people, not involve going back to work in the way we did before Covid-19 hit.
