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New tools to help SMEs tackle cyber security

The National Cyber Security Centre (NCSC) has launched new online tools for small organisations to help find and fix any cyber security issues.

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Paper tax returns will no longer be sent to taxpayers

HMRC is writing to 135,000 self assessment taxpayers who file on paper telling them to move online as support for paper filings will be limited

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Tax changes from 1 April 2023

A reminder of the tax changes which have taken effect from 1 April 2023

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Families claiming tax credits to receive Cost of Living Payment from 2 May

One million eligible claimant families receiving tax credits, and no other means-tested benefits, will get the first 2023-24 Cost of Living Payment from Tuesday 2 May 2023, HM Revenue and Customs (HMRC) has confirmed.

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Businesses find VAT rules too complex

Two thirds of companies complain that VAT compliance is complex and confusing as we mark the 50th anniversary of the introduction of the tax

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Employer duties for the change in the tax year

As an employer running payroll, you need to report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April 2023)

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Plan to raise pension age to 68 dropped

The government has confirmed that it will not go ahead with plans to raise the state pension age to 68

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New UK Version of GDPR

New data laws to cut down paperwork for businesses and reduce cookie pops-up have been introduced by the UK government.

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Bank of England raises UK interest rates to 4.25%

After the rise in inflation to 10.4%, the Bank of England has stepped in with a further 0.25% rise in the interest rate to 4.25%

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The King's Awards for Enterprise

Businesses will soon be invited to apply for the UK's most prestigious business award when applications open in May.

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The Little Book of Net Zero

The British Standards Institution (BSI) has produced a straightforward ‘how to’ guide to help you start your business sustainability journey: ‘The Little Book of Net Zero’.

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Taxpayers given more time for voluntary National Insurance contributions

The UK government has extended the voluntary National Insurance deadline to 31 July 2023 to give taxpayers more time to fill gaps in their National Insurance record and help increase the amount they receive in State Pension.

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Tax Planning opportunities ahead of the new tax year

The new tax year starts 6 April 2023, so you have limited time to consider your options and once we pass this date, the majority of the tax planning options for Income Tax and Capital Gains Tax purposes will cease unless actioned this month.

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Chancellor to use Budget to get people 'back to work'

Chancellor Jeremy Hunt will use the Spring Budget to remove the barriers that prevent some groups of people from returning to the workplace, according to a statement from HM Treasury.

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Know where your old stamps are?

Royal Mail have added barcodes to their regular stamps. Regular stamps without a barcode will no longer be valid after 31 July 2023.

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New VAT penalties and interest payments

The new penalties will impact businesses who submit their VAT returns or pay their VAT late. The first monthly returns and payments affected by the penalties are due by 7 March 2023.

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Fuel duty hike 'could have big consequences for small firms' says FSB

The Federation of Small Businesses (FSB) has warned that the upcoming increase in fuel duty could have significant consequences for small firms.

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Plastic Packaging Tax - Do you need to register?

Plastic Packaging Tax (PPT) was introduced on 1 April 2022. If you manufacture or import 10 or more tonnes of plastic packaging within a 12-month period you must register for PPT on GOV.UK, even if your packaging contains 30% or more recycled plastic.

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HMRC advisory fuel rates for company car users from 1 March 2023

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2023, with a further rise in the electric car rate

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Power up your business with Innovation

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy.

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