From 11 October, the interest rates on late tax payments rise again in line with the Bank of England’s (BoE) latest base rate increase. The BoE increased the base rate by 0.5 per cent to 2.25 per cent in September, as a result of inflation. Due to this, the late payment and repayment interest rates […]
UK set to review foreign worker visa conditions to ease labour shortage
As the UK labour shortage continues, it has been reported that Prime Minister Liz Truss is to launch a review of the UK’s visa scheme.
What do you need to know about the Energy Bill Relief Scheme?
The Government has outlined a new Energy Bill Relief Scheme to support households, businesses and public sector organisations tackling soaring energy bills.
Late payments: A big cost for small businesses
Late payments are costing small businesses £684 million per year, in addition to rising inflation, data has revealed.
How can you improve your cashflow?
Maintaining a healthy cashflow sometimes feels like a big headache, especially with the ongoing cost-of-living crisis increasing your costs.
The recipe to business success and how to deal with it
Everyone dreams of that moment when they realise that their business is growing and succeeding.
Penalties for businesses failing to comply with Making Tax Digital
Are you signed up to Making Tax Digital for VAT? Failure to do so will result in penalties from 1 November 2022, HRMC has confirmed.
Variable rate mortgages causing buy-to-let profits to plummet
Variable rate mortgages are becoming increasingly popular in the UK. However, as interest rates rise, so do mortgage payments. This increased cost is cutting into profits and, in some cases, causing investors to default on their loans. Some landlords have even seen their mortgage payments increase five times (and by over 20%) just this year! […]
Landlords to be banned from using buy-to-lets for short-term lets
The Government is considering banning second home owners from renting out their properties on short-term letting websites. The plans are being drawn up by ministers who are concerned about the growing number of people who are buying second homes as an investment and then renting them out on sites such as Airbnb. This change would […]