The UK Trader Scheme (UKTS) has now been launched to support businesses moving goods between Great Britain and Northern Ireland after the Brexit transition period ends. Here’s what you need to know: What is the UK Trader Scheme? Simply put, the UKTS will ensure that UK traders do not pay international tariffs on the movement […]
The most common Self Assessment errors, according to HMRC
With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. It comes after research revealed that approximately 90,000 tax returns were rejected or delayed in 2019. To help taxpayers avoid errors, HMRC […]
The VAT reverse charge – What the property and construction sector need to know
On 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules.
The UK – A great place for tech to do business
The last year has been tough for the UK economy and there remains a lot of uncertainty about the country’s position once the Brexit transition period ends, regardless of whether a deal is done or not.
Four key challenges for recruitment in 2021
Many sectors are now looking forward to leaving 2020 behind and are hopeful for a brighter future in 2021 and beyond.
Government has instructed fraudulent coronavirus loan applications to be reported
To get ahead of the anticipated rise in company collapses next year, the Insolvency Service has instructed insolvency practitioners to report all fraudulent coronavirus loan applications to them. This executive agency of the Department for Business, Energy and Industrial Strategy, has written to companies warning that “if it appears that a person has applied fraudulently” […]