Month: February 2019

HMRC takes new measures to toughen stance on debt recovery

7 Feb 2019

HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial year.

Read more...

SMEs: The importance of purpose

6 Feb 2019

The importance of purpose for the UK’s small and medium-sized enterprises (SMEs) has been explored in a recent report. It found that a massive 91 per cent said that a vital part of running a successful business is having a

Read more...

Payroll sector prepares for key changes in 2019/20

5 Feb 2019

The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of how businesses could be affected by these changes, below are

Read more...

Entrepreneurs’ Relief changes fail to meet up to the test

5 Feb 2019

During the last Budget, the Government announced new conditions to entrepreneurs’ relief that would take immediate effect to change the definition of a “personal company” for shareholders who claim entrepreneurs’ relief. By introducing these changes, they hope to restrict shareholders

Read more...

Just over half of businesses are prepared for Making Tax Digital

5 Feb 2019

A new study into preparations for Making Tax Digital amongst businesses has found that only 57 per cent of firms are ready to comply with the new regime by 1 April 2019. Despite the various delays and changes to the

Read more...

Late payers to be flagged up to businesses under new proposals

5 Feb 2019

The Small Business Commissioner, Paul Uppal, has recommended a new “traffic light” system that will warn smaller firms which businesses have a consistent record of late payment and those most likely to request longer payment terms. It is thought that

Read more...

HM Revenue & Customs drops insistence that all company directors must submit tax returns

5 Feb 2019

HM Revenue & Customs (HMRC) has dropped its insistence that all company directors must submit tax returns following a series of tribunal rulings. For several years, HMRC has advised in its guidance on the gov.uk website that company directors should

Read more...

Automatic Enrolment contributions to increase

5 Feb 2019

The next increase in Automatic Enrolment (AE) pension contributions for both employees and employers will take place from 6 April 2019. The minimum employer contribution will increase from two per cent to three per cent, while the employee contribution will

Read more...

Record number of Self-Assessment tax returns filed by the deadline

4 Feb 2019

HM Revenue and Customs (HMRC) has revealed that a total of 93.68 per cent of Self-Assessment tax returns were filed by the deadline.

Read more...

Trading after Brexit: What is an EORI number and why do I need one?

1 Feb 2019

The Government has written to more than 145,000 VAT-registered businesses across the UK, explaining the potential changes to customs, excise and VAT in the event that the UK leaves the EU without a deal.

Read more...

At Richard Anthony we solve problems.