Digital Services Tax and private sector IR35 rules to be introduced from April next year

The new draft Finance Bill will ensure a “competitive and fair tax system”, the Government has said, revealing that a number of new policies will go into effect from April 2020.

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Are you ready to file your first digital tax return?

HM Revenue & Customs (HMRC) has reminded business owners that their first digital quarterly return may be due by 07 August. It comes after new research showing that there are still thousands of businesses yet to register for Making Tax

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General licences released

The Department for Environment, Food and Rural Affairs (Defra) has issued three new general licences which permit farmers to protect their stocks and crops by killing or taking selective wild birds in England. These licenses, named GL34, GL35 and GL36,

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R&D tax credits plummeting

According to the latest figures from HM Revenue & Customs (HMRC), UK businesses are making fewer claims for research and development (R&D) funding than ever before. Analysis of the figures suggests that UK firms made eight per cent fewer R&D

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Half of charities lack digital strategy required to succeed, study shows

More than half of organisations operating in the not-for-profit sector do not have a digital strategy, a new study has revealed. The findings form part of the new Digital Skills Report 2019, one of the largest surveys of the digital

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Mark Carney warns that 150,000 firms are not ready for no-deal Brexit

Bank of England (BoE) Governor Mark Carney has said that 150,000 UK businesses are not fully prepared for a no-deal Brexit scenario. Mr Carney stated that stockpiles built up in the past year would only last weeks, while many firms

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Government announces new measures to ensure SMEs are paid on time

The Government has announced new measures to ensure that small businesses get paid on time. The new rules will see large businesses fined for the first time for failing to pay smaller suppliers on time as part of a package

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Small firms could end up in trouble with the taxman

According to recent research, tens of thousands of businesses in the UK could find themselves under scrutiny by the taxman for failing to follow new rules on keeping digital records. More than one million firms with an annual taxable income

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Schools minister reminds academies of importance of management letters

The schools minister has written to academy finance teams reminding them about the importance of academy trust financial management and governance, it has been revealed. The letters, published in April, show that Lord Agnew, the Parliamentary Under-Secretary of State for

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Government set to reform Companies House

The government is set to change the way Companies House works, with the largest reform of the company registration system in more than 100 years. The reform was outlined in an 80-page consultation report and is intended to improve the

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