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Blog: Business News

Tax bill warning as HMRC names avoidance schemes

Anyone involved with questionable tax avoidance schemes have been warned by H M Revenue & Customs (HMRC) to withdraw from them as soon as possible. HMRC issued the warning after naming Absolute Outsourcing’s or Purple Pay Limited’s Equity Participation Scheme and said people should withdraw to avoid building up a hefty tax bill. This is

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£12 million funding launched to boost UK tech growth

A new grant competition has been introduced by the Government to aid the growth of innovative tech start-ups and scale-ups in the UK. The Digital Growth Grant, worth £12.09 million, aims to offer accessible skills training and guidance over two years, as well as support facilities to the digital and tech sector. The funding will

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Brexit leaves shortfall in university-led training projects funding

The Government has been warned that as many as 164 university-led skills and training projects could be halted or axed due to European funding running out by the end of next year – reducing skills and training support for SMEs. The UK Shared Prosperity Fund (UKSPF) will award £2.6 billion of new funding for local investment

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Latest deadline for Making Tax Digital for VAT comes into force

A major change in the way VAT is reported comes into force from April. Every small business that charges VAT will have to file accounts through the HM Revenue & Customs (HMRC) Making Tax Digital (MTD) system. All VAT-registered businesses must use MTD for VAT for their first VAT return starting on or after 1

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Inflation and interest rates – Are we due a revitalisation of saving?

The rate of inflation is expected to peak at around eight per cent this year, having already reached near-record levels of 6.2 per cent. With the cost-of-living crisis persisting, higher fuel costs and many retailers already suggesting that they intend to increase their prices further to deal with their own additional energy and employment costs,

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Looking to sell your business? Here are some things to think about

At some point, every business owner needs to move on from their business, whether to retire, to deal with a change in personal circumstances, to embark on a new project or for any number of other reasons. Equally, businesses can reach a stage in their growth where scaling up becomes increasingly difficult, as meeting the

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Overcoming the common barriers to protection

Throughout our lives we must meet important financial commitments, whether it is paying a mortgage, supporting school fees or building wealth for your family. However, life can throw curveballs at you, some more serious than others, which may affect your ability to meet these commitments or even manage day-to-day living costs. That is why everyone

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Right to work: Government to launch virtual identification scheme to support employers

A new digital identity scheme will help employers carry out right to work checks, it has been announced. The Department for Digital, Culture, Media & Sport said new employees will be able to prove their identity using digital methods “easily and quickly” instead of having to rely on traditional physical documents. Known as “digital identities”,

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International trade: UK moves into second and final phase of accession to join CPTPP

The UK has moved into the second and final phase of accession to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it has been announced. Membership will give British businesses unlimited access to a global market worth £8.4 trillion each year. Here’s what you need to know. What is the Comprehensive and Progressive

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