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.
Tax investigations: the chances of HMRC choosing your business
Humans are pretty bad at assessing risk. We’re terrified of the things that are actually very unlikely to happen (such as plane crashes and power station meltdowns) but are relatively blasé about things that are statistically more likely to harm us, such as unwashed...
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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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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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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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