Hello and welcome to our July newsletter.
From missing out on valuable interest on business savings accounts to working pensioners paying £8.6 billion in income tax, this month we bring you all the latest industry news. If you have any questions or concerns about any of the topics discussed this month, please don’t hesitate to get in touch.
Get ready to Make Tax Digital
The future of VAT is almost here, and it’s digital. If you’re uncertain of what you need to do, here’s our handy checklist which outlines the most important steps. As we said in our earlier blog post Making Tax Digital: All Your Gripes and Grumbles Answered,...
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Government faces pressure to reform ‘flawed’ apprenticeship levy
Following the release of statistics from the Department for Education, the Institute of Directors (IoD) and the British Chambers of Commerce (BCC) are urging the government to address ongoing problems with the ‘flawed’ apprenticeship levy. According to new data,...
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SMEs are missing out on business savings interest
According to a report released by the retail bank, Aldermore, small and medium enterprises could alleviate pressure on their cashflow by paying more attention to their business bank account savings interest. Aldermore polled 950 SME owners and sole traders and found...
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Working pensioners are paying £8.6bn in income tax
According to figures released by the pension, insurance and investment company, Aegon, working pensioners are on course to pay £8.6 billion in income tax in 2018/19. The number of pensioner households containing at least one person working beyond their state pension...
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