Nov 9, 2021 | Business Tax
Delays to Making Tax Digital are expected to cost taxpayers one-off transitional costs of £1.5 billion, HMRC reported in its annual accounts. HMRC said the extension of MTD would cost the 4.2 million businesses and landlords who file self-assessment tax returns a...
Nov 4, 2021 | Business Tax
Prices of materials, goods and services increased faster than usual in October 2021, data from the Office for National Statistics (ONS) shows. Nearly two fifths (37%) of businesses reported the prices of materials, goods and services purchased last month had increased...
Oct 29, 2021 | Business Tax
The Government has introduced a new temporary business rates relief in England for eligible businesses in the retail, hospitality and leisure sectors for 2022/23, so they continue receiving support as they recover from the pandemic. Chancellor Rishi Sunak unveiled the...
Oct 27, 2021 | Business Tax
Business rates reform The publication of a long-awaited review of business rates brought with it a series of measures to adjust the system. This included a 50% cut to rates for eligible retail, hospitality and leisure businesses in 2022 to 2023, up to a cap of...
Oct 15, 2021 | Business Tax
The Government's policy to modernise the UK tax system could cost the small business community £25 billion per year to cover admin costs, according to the Federation of Small Businesses (FSB). Making Tax Digital (MTD) aims to simplify the tax process for individuals...
