HMRC issues warning about fraud letters

HMRC is alerting business owners to a fraudulent letter circulating that impersonates the tax authority and demands confidential information and bank statements. The letter, which bears a fake HMRC letterhead and claims to be from the “Indv and Small Business...

Companies House warns on address rules

Under new regulations, companies registered with Companies House must use an ‘appropriate address’ as their registered office. An appropriate address is one where, in normal circumstances, documents sent by hand or post are expected to reach someone acting...

HMRC targets businesses for NMW compliance

HMRC is cracking down on small and medium-sized businesses (SMEs) in 11 UK regions for potential non-compliance with the National Minimum Wage (NMW). The targeted areas are Belfast, Birmingham, Bradford, Cardiff, Cornwall, Cumbria, East Anglia, Glasgow, Liverpool, the...

HMRC cuts late payment interest rate

HMRC will lower late payment and repayment interest rates for the first time in a year. The Bank of England (BoE) cut the base rate to 5.0% on 1 August, the first reduction in over four years. This change has prompted HMRC to adjust its rates, which are tied to the...