Chancellor wants to tackle late payments in the UK

Currently, in the UK, late payments are a serious issue, especially for small/medium-sized enterprises (SMEs) who have to chase payments from large customers. According to research conducted by Bacs Payment Schemes (Bacs), the costs SMEs face in collecting late payments

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Many businesses unaware of the criminal offences associated with tax evasion

Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion. On 30 September 2017, the Criminal Finances Act was introduced; which meant companies and partnerships can be found liable for

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Thousands of businesses yet to register for EORI number

Just 17 per cent of businesses who trade with the EU have registered for an Economic Operator and Registration Identification (EORI) number, new figures have revealed. The report, published by HM Revenue & Customs (HMRC), shows that as few as

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HMRC reveals MTD registration takes seven working days

HM Revenue & Customs (HMRC) has warned that registration for Making Tax Digital (MTD) for VAT will take up to seven days to complete and will not be a real-time service. In the latest piece of guidance for businesses who

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Smailes Goldie Group raises more than £3,000 for the Hey Smile Foundation

Smailes Goldie Group, has raised more than £3,000 for the Hey Smile Foundation at our annual quiz night for clients and contacts. The Hey Smile Foundation works with charities and community groups across the region, providing practical and funding support

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Applications for funding now open for UK tech start-ups

The Government has announced a new £2 million investment grant designed to help UK tech start-ups bring new ideas to market. According to the report, published by Innovate UK and UK Research and Innovation, the fund will help to bridge

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More farm businesses allowed to trial MTD

HM Revenue & Customs (HMRC) has expanded the pilot programme for Making Tax Digital (MTD) VAT scheme to farm businesses that are set up in partnerships so that they join the sole traders and companies that have been able to

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Business taxes could be slashed to boost UK economy in the event of no deal

Government plans dubbed ‘Project After’ will cut taxes and slash tariffs in the event of a no-deal Brexit in a bid to make the UK more competitive and “steal a march” on the European Union. The proposals have been described

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Businesses urged to register with Horizon 2020

The Government is urging UK businesses benefiting from Horizon 2020 research funding to register their details with the Government so that they can continue to receive money if the UK leaves the European Union with no deal. The Government’s online

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Businesses urged to take up broadband grant

Small firms across the UK are being urged to bid for broadband grants worth £2,500 each before the £67 million scheme ends. The scheme was due to end in March 2021 but its popularity could mean that it closes sooner

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