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Category Archives: Latest News

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Bank overdrafts to become more expensive for some under new changes

Posted on March 13, 2020 by Howard Roth

The UK’s major banks and building societies are set to increase the interest they charge on overdrafts as part of a major change due to come into effect from April. There are three main changes being introduced which will affect … Continue reading →

VAT charged on the sale of a business

Posted on March 13, 2020 by Howard Roth

There are many things to consider when selling a business, but what about the payment of VAT? VAT is charged on most transactions, but it is not as straightforward when it comes to the purchase of a business. If a … Continue reading →

Don’t forget EORI registration

Posted on March 13, 2020 by Howard Roth

The UK has now formally withdrawn from the EU and has until 31 December 2020 to agree new trade arrangements. At present, it is not possible for businesses to move goods into or out of the EU single market without … Continue reading →

Small and medium builders to benefit from £1 billion housebuilding boost

Posted on March 13, 2020 by Howard Roth

Housing Secretary, Robert Jerick MP, has announced £1 billion in new loans to small and medium-sized builders to help them deliver new homes, under the banner of the British Business Bank’s ENABLE Build Programme. The Government has a target of … Continue reading →

More than 1.3 million businesses are signed up to Making Tax Digital for VAT as soft landing ends

Posted on March 13, 2020 by Howard Roth

Since the implementation of Making Tax Digital (MTD) for VAT in April 2019, more than 1.3 million businesses with a turnover of £85,000 or more have been making quarterly digital returns to HM Revenue & Customs (HMRC) using compatible software. … Continue reading →

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