More British goods and services were sold overseas in 2018-19 than any other year, new figures have revealed.
Compliance is a key component of any business, but it is even more vital in businesses with cross-border relations.
UK manufacturing exports dropped in April, with orders from international clients slowing.
The Office of National Statistics (ONS) released data confirming demand for UK goods and services is growing across the globe, with exports to India increasing at the fastest rate amongst the UK’s top non-EU trading partners. The data showed exports of goods and services to non-EU trading partners in 2018 reached an all-time high of … Read more
Employers across the UK were faced with sudden increases in employment costs last month, following a rise in workplace pension contributions and minimum wage costs. The sharp increase in expenditure on staff couldn’t come at a worse time for business who are experiencing growing uncertainty over the UK and wider global economy. Minimum contributions for … Read more
As a business owner, you may provide benefits in kind or non-exempt expenses, to some or all of your employees. If so, you need to be aware of the annual P11D form that needs to be completed and sent to HM Revenue & Customs (HMRC) by 6 July 2019. Before doing so, you will need … Read more
A recent survey has revealed that more than four in 10 UK businesses are unaware of the potential risks associated with invoice fraud. Last year these scams cost UK firms almost £93 million, with 3,280 invoice and bank scam cases reported – costing on average £28,000 per case. Fortunately, in 2018, £29.6 million of the … Read more
TV presenter, Lorraine Kelly, has won an appeal against HM Revenue & Customs (HMRC) at a First Tier Tribunal (FTT) following a £1.2 million demand for unpaid income tax and National Insurance Contributions (NICs). HMRC claimed that Lorraine Kelly should have been working inside the rules of IR35 at ITV Breakfast Ltd during the relevant … Read more
Launched on 1 April 2019, most VAT registered businesses are now required to comply with the new Making Tax Digital for VAT regime. However, many businesses may still not be aware that they are required to register to use the new system and that this process can take up to seven working days to complete. … Read more