The UK Government has confirmed that it will reduce green levies for energy-intensive industries. These cuts aim to drive growth in key sectors, such as manufacturing and clean energy. What are green levies? A green levy is an environmental charge … Continue reading
Cash flow constraints – 57 per cent of businesses warn of rising costs
57 per cent of small to medium-sized enterprises (SMEs) have warned of rising costs over the next quarter, according to Intuit QuickBooks’ latest Small Business Insights survey. Given this startling figure, all businesses should take care to manage cash flow … Continue reading
Child Benefit repayments changing for thousands this summer
The way families make Child Benefit repayments to HM Revenue & Customs (HMRC) is changing. From the summer, many families will have the option to report their Child Benefit payments and pay the High Income Child Benefit Charge (HICBC) directly … Continue reading
Are your systems ready for MTD? Five things to check as the clock ticks down
HM Revenue and Customs (HMRC) is working to enhance compliance and improve efficiency with tax filings by implementing Making Tax Digital (MTD) for Income Tax. However, taxpayers still need to get ready for MTD before it becomes mandatory in April … Continue reading
Mind the (tax) gap – Why HMRC may have SMEs in its sights
The tax gap, the difference between the amount of tax owed and collected, has long been a thorn in HM Revenue and Customs’ (HMRC’s) side. HMRC believe that last year, a total of £46.8 billion of tax was left uncollected, … Continue reading
