Monthly Archive March 31, 2021

America could slap 25 per cent trade tariffs on the UK

The UK could face trade tariffs of up to 25 per cent on a host of exports in retaliation against a tax on US tech giants.

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Could the current tax payment timings change?

Millions of taxpayers in the UK could face earlier tax payments as part of the Government’s 10-year strategy to build a “trusted, modern tax administration system”.

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Two in five businesses report cyber attacks in last 12 months, major study reveals

Two in five UK businesses have experienced a cyber-attack in the last 12 months, a major study has revealed.

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Government to crack down on rogue tax advisers

Accountants who provide tax advice may be required to hold professional indemnity insurance (PII) under new laws proposed this week.

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Putting off completing your HMRC Self Assessment is no longer an option as the April deadline approaches

To avoid incurring the wrath of the taxman, Self Assessment taxpayers have just over a week to get their self-assessment in order to pay any outstanding tax liabilities in full. Alternatively, they can set up an online payment plan for the 2019/20 financial year to avoid incurring penalty charges, according to HM Revenue & Customs (HMRC).

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Increasing number of taxpayers targeted with threatening tax scams, HMRC warns

Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned.

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IR35: Everything you need to know about the off-payroll working rules

The off-payroll working rules, known as IR35, will see fundamental changes to the determination process for the private sector in April 2021. However, many people remain unaware of their legal obligations.

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Newly self-employed to complete pre-verification checks before claiming fourth SEISS grant

Newly self-employed workers claiming the fourth and fifth self-employment income support (SEISS) may need to complete pre-verification checks, it has been revealed.

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Covid-19: Could the Recovery Loan Scheme support your business?

The Recovery Loan Scheme could help your business recover and restart after the Covid-19 pandemic, the Government has suggested.

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Government Start Up Loans attributed to rapid rise in new companies

Government Start Up Loans attributed to rapid rise in new companies

The number of new businesses registered at Companies House grew significantly during the final six months of 2020, the latest statistics have revealed.

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