Outstanding payments can be a major headache for SMEs as they can have a significant effect on cashflow and seeking payment can take up time that would be better spent on running the business. In fact, according to Bacs, the … Continue reading
Category Archives: Latest News
Chancellor fails to deliver on Office for Tax Simplification’s VAT simplification recommendations
The Office for Tax Simplification (OTS) recently published its findings following a review intended to ensure the VAT system remains relevant. On the basis of its findings, the OTS made eight core recommendations:
The Autumn Statement 2017
HMRC to implement changes to how it is paid
HM Revenue & Customs (HMRC) is to change the way that taxpayers and their agents can make payments. From 15 December 2017 and 13 January 2018, the pay at the post office service will be withdrawn and HMRC will no … Continue reading
Over-50s cutting back on essentials to leave inheritance
According to new data from Populus, nearly half of people aged over 50 are willing to forgo luxuries in later life to leave a larger inheritance for their children. The study, commissioned by Saga Money, also found that 80 per … Continue reading