Dec 9, 2022 | Government Announcements
Chancellor of the Exchequer Jeremy Hunt is setting out a major review of banking rules, in what the Government describes as the biggest overhaul of financial regulation in more than 30 years. According to the Government, the package of over 30 reforms will "cut red...
Dec 8, 2022 | Government Announcements
HMRC has updated its eligibility criteria for the Making Tax Digital for income tax self assessment (MTD ITSA) pilot scheme. While MTD ITSA will not be compulsory until 6 April 2024, individuals and agents can sign up early to help HMRC test and develop the new...
Dec 6, 2022 | Government Announcements
Business Secretary Grant Shapps has announced an in-depth review into tackling late payments for small businesses. At the moment there is no legal obligation to pay small businesses promptly, with £23.4 billion currently owed in outstanding invoices. However, the new...
Nov 29, 2022 | Government Announcements
A new survey by the Federation of Small Businesses (FSB) shows that around a quarter of small businesses (24%) plan to close, downsize or restructure in the next year in response to the ongoing energy crisis. This figure rises to 42% for accommodation and food firms...
Nov 28, 2022 | Government Announcements
Companies House is urging limited companies to submit their final accounts using the online filing service before the deadline on 31 December. Filing accounts online instead of via post will help businesses meet the deadline and avoid late penalties. Penalties for...
