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How will Brexit affect businesses that trade with the EU?

Even though the UK is scheduled to leave the EU in just under a month, there’s still plenty of confusion surrounding Brexit and how it’s going to affect businesses. While nothing is certain at the moment, planning for a “No Deal Brexit” is a sensible option. Almost...

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Making Tax Digital for VAT: just one month to go

  There’s less than a month to go until the first round of VAT-registered businesses enter into the Government’s Making Tax Digital (MTD) regime.All VAT-registered businesses turning over more than £85,000 will be mandated into MTD by 1 October 2019, with the...

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Auto-enrolment fines double in just two years

The number of fines issued to employers who haven't been complying with their auto-enrolment responsibilities has increased by an incredible 146% over the last two years. In 2016/17, there was a total of 14,707 fines issued for non-compliance but by 2017/18, this had...

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Year-End Tax Guide 2018/19

Everything you need to know about taxes in 2018/19 including the current personal allowance threshold, pension contributions, capital gains tax, VAT and more.Personal allowances and tax reliefs The personal allowance for the current tax year is £11,850. Any...

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UK businesses increase spending on R&D to £23 billion

According to the latest data published by the Office for National Statistics (ONS), UK businesses spent an incredible £23.7 billion on research and development (R&D) in 2017. The data also revealed that year-on-year expenditure on R&D increased by £1.1bn...

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