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Explore insightful articles, tips, and industry updates from RMT. Stay informed on the latest trends, innovations, and best practices in accounting and business services.

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Investment in UK technology startups and scaleups almost tripled in 2021

Investment in UK technology startups and scaleups nearly tripled in 2021, the latest figures have revealed. The research, published by Dealroom for the UK’s Digital Economy Council, shows that the sector continued to thrive despite challenging economic conditions. According to the report, £29.4 billion in venture capital funding was invested in the UK’s best and

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Coronavirus: How to set up an affordable payment plan if you cannot pay tax on time

  More than 20,000 self-employed business owners have used the Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed. The figures, published by HM Revenue & Customs (HMRC), suggest that poor cash flow remains a major issue in the wake of the coronavirus pandemic. If your

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Everything you need to know about the new WTO Services Domestic Regulation

New World Trade Organisation (WTO) rules are set to cut the cost of global trade by billions of pounds every year, it has been announced. The Department for International Trade (DIT) – who helped broker the agreement – said the deal represents a massive win for service businesses in the UK. Here’s what you need

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Capital Gains Tax: new rules for disposal of UK land and property

The time limit to report and pay Capital Gains Tax (CGT) on UK land and residential property has doubled from 30 to 60 days. The notice comes after HM Revenue & Customs (HMRC) published new guidance on the most recent tax changes relevant to the legal profession. As part of this year’s Autumn Budget, the

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PAYE Settlement Agreement can save time and costs

For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your workforce. According to HM Revenue & Customs (HMRC), if you get a PSA for these items, you

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Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?

Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that Chancellor Rishi Sunak has frozen the IHT nil rate band and residence nil rate band at £325,000 and £175,000, respectively, until 2026, while the value of

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Automatic enrolment: new rules to protect savers from unfair fees

New rules will eliminate charges on small workplace pension pots from next year, the Government has announced. The Department for Work and Pensions (DWP) said the move will benefit hundreds of thousands of savers. According to the report, new regulations will introduce a threshold – known as de minimis – at which automatic enrolment pension

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Cryptoassets and Capital Gains Tax: What You Need to Know

Traders who have sold or exchanged cryptocurrency may be required to pay Capital Gains Tax (CGT), HM Revenue & Customs (HMRC) has warned. It comes after the tax authority wrote to holders of cryptoassets, such as Bitcoin, reminding them of their legal obligations. According to the letter, you must pay CGT if your total gains

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How Can UK Export Finance Help my Business Trade Overseas?

With a mission to “ensure that no viable UK export fails for lack of finance or insurance”, UK Export Finance has been helping businesses trade around the world for over a century. In this blog, we’re going to learn more about what the department does, and how export finance could help your business succeed. What

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