Majority of SMEs not ready for MTD

A majority of SMEs in the UK are unprepared for the switch to Making Tax Digital, a study from the ACCA and the Corporate Finance Network (CFN) suggests. The figures show 14% of the 8,900 accountants asked said their SME clients were unprepared and will not be ready...

Retail leaders call for rates reform

The Retail Job Alliance, a new group representing some of the UK's largest retailers, is calling on Chancellor Rishi Sunak to overhaul the business rates system. In a letter to the Chancellor, the group asked for an overall cut in business rates for retail premises,...

Venture capital tax breaks to be reviewed

The Treasury Committee has launched an inquiry into the venture capital industry to discuss its effectiveness and how further innovations can be made. The committee plans to look at the current tax incentives, which include the enterprise investment scheme (EIS), seed...

PAYE payment deadline approaches

Employers have about a month to make electronic PAYE payments for April, ahead of the deadline on 22 May 2022. HMRC is warning taxpayers that this deadline falls on a weekend. This means payment needs to reach HMRC by 20 May, unless faster payment is available. Any...

IPSE: “IR35 damages business growth”

Around two-fifths of businesses say reforms to IR35 have had negative financial impacts on their business, according to research by the Association of Independent Professionals and the Self-Employed (IPSE). Of the 501 businesses surveyed, 28% had decreased the number...