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More than 80% of impacted businesses unaware of MTD changes

With just one month to go until the rollout of the Making Tax Digital (MTD) for VAT extension, 82% of eligible businesses that are yet to comply are still unaware of the impending deadline

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Businesses urged to apply for remaining COVID-19 support grants

Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.

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Government scheme gives discounts of up to £5,000 on accounting software

The government's Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – has opened for applications.

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Changes to VAT penalty regime delayed until 2023

The government has announced plans to delay the introduction of penalties for late submission of VAT returns

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Covid-19 support grants must be included on company tax returns

HMRC is urging tax agents and accountants to remind their clients that Covid-19 support grants or payments are taxable and should be declared on their company tax returns

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Bank of England issues cryptocurrency warning

The Bank of England (BoE) has warned that fast-growing cryptocurrency assets could endanger the UK's financial system.

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£1bn support package for businesses hit by omicron

The Chancellor has announced a £1bn support package including grants for the hospitality sector and a sick pay rebate scheme as omicron variant spreads

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Help to Grow: Digital scheme launched

Help to Grow: Digital is a new government backed UK-wide scheme to help small and medium size businesses (SMEs) adopt digital technologies that are proven to increase productivity.

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Companies House updates penalty guidance due to covid delays

Companies House has advised businesses that there is a delay to penalty reviews at the moment due to workload

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Working Minds campaign launches

The Health and Safety Executive (HSE) are calling for a culture change across Britain’s workplaces where recognising and responding to the signs of stress becomes as routine as managing workplace safety.

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Customs Declarations from EU changing on 1 January

HMRC has warned business that Customs Declarations on imports from the EU will change once again at the start of next year.

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R&D claims need to be submitted early

HMRC is warning businesses to submit research and development (R&D) claims as soon as possible to avoid a delay in receiving payments between December and January

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Less than a third of businesses taking action to cut emissions

Less than a third of businesses plan on cutting their greenhouse gas emissions over the next year, despite the UK’s recent net-zero efforts, according to the latest research

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HMRC’s tax take falls by billions due to pandemic

HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic

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FSB study shows small firms losing £25 billion per year to tax admin

A study by the FSB has showed that small firms are losing £25 billion per year as compliance costs and time lost to dealing with tax admin soar.

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Government offers £5,000 grants to replace boilers

The government is to offer subsidiaries of £5,000 from next April to help homeowners in England and Wales replace their gas boilers with low-carbon heat pumps

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British Business Bank provided £81.5 billion of COVID-19 support

Coronavirus (COVID-19) emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year.

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Businesses get more time to prepare for digital tax changes

Businesses will have an extra year to prepare for the digitalisation of income tax, HM Revenue and Customs (HMRC) has announced

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Study reveals 83% of businesses not aware of Plastic Packaging Tax

A survey carried out by resource management firm Veolia has revealed that 83% of businesses polled were not aware of the Plastic Packaging Tax, which is due to take effect from April 2022.

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Kickstart Scheme grant: applying for funding

If you are an employer looking to create jobs for young people, you can apply for funding as part of the Kickstart Scheme.

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