We regularly write articles to keep you up to date with changes that affect your growing business.
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Yesterday, at the Global Investment Summit 2021, ministers vowed that Britain can double its exports to show off the best of its business with a new ‘ground-breaking’ plan of action. Anne Marie Trevelyan, the Secretary of State for International Trade of the United Kingdom, will reveal her monumental 12 point pain to boost commodity sales
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Business News
A new global trading scheme will help to connect UK exporters with international opportunities, it has been announced. The Clean Growth program will be formally launched this month at COP26 – a global investment summit designed to tackle climate change and accelerate action towards net zero. According to the Government, the initiative will enable more
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Traders who have sold or exchanged cryptocurrency may be required to pay Capital Gains Tax (CGT), HM Revenue & Customs (HMRC) has warned. It comes after the tax authority wrote to holders of cryptoassets, such as Bitcoin, reminding them of their legal obligations. According to the letter, you must pay CGT if your total gains
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According to a recent survey of FTSE 350 companies, British directors and heads of businesses are not only optimistic about the UK economy and its recovery, but they are also much more focused on climate change than before. Additionally, after the drastic impact covid had on society, many board members are understanding the importance of
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More than one million workers and over 400,000 employers were still supported by the Coronavirus Job Retention Scheme (CJRS) in its last month of operation, the latest figures reveal. The report, published by HM Treasury, suggests that businesses need continued support as they enter into the recovery phase of the pandemic. According to the data,
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Self-employed workers who received coronavirus support but did not accurately complete or file a 2019/20 tax return may be asked to repay their grants, it has been revealed. It comes after HM Revenue & Customs (HMRC) wrote to thousands of individuals who claimed under the Self Employment Income Support Scheme (SEISS) but did not correctly
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Controversial changes to the basis period rules will be pushed back to 2024, the Government has announced. Critics said the reforms would needlessly burden businesses in the wake of the coronavirus pandemic and ahead of the introduction of Making Tax Digital (MTD) for Income Tax and should be scrapped altogether. But Budget 2021 documents confirm
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The National Minimum Wage (NMW) will increase across all age groups from next year, the Chancellor has announced. If you are an employer, here’s what you need to know. What’s changing? To support the lowest-paid workers in the wake of the coronavirus pandemic, the legal minimum wage will be “significantly” increased. The changes – which
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With the Speaker of the House of Commons by tradition not presiding over the Budget, the Chancellor might have hoped he would escape a rebuke over the number of important announcements disclosed to the media in advance. That was not to be, with the Chancellor instead receiving a ticking-off from Dame Eleanor Laing, the Chairman
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More than £1 billion has now been awarded to businesses through the landmark Recovery Loan Scheme, the latest figures have revealed. The report, published by the British Business Bank (BBB), comes ahead of the initiative closing at the end of this year. Launched in April 2021, the Recovery Loan Scheme supports borrowing up to £10
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If you are, then keep reading... From today, you have less than a week to submit paper tax returns for the 2020/21 tax year before the deadline on Sunday 31 October. Those submitting online tax returns, you have 98 days! For the 31 January 2021 deadline, over 10.7 million Self-Assessment taxpayers submitted tax returns -
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It is essential to utilise all the tax reliefs and allowances available to minimise your tax liabilities. To help, we have listed some taxes to be aware of and how to reduce them. Business tax There are many ways businesses can reduce a potentially hefty tax bill, but careful planning is vital and it could
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