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The HMRC archive.

Making Tax Digital

What is the HMRC penalty system for Making Tax Digital?

HMRC’s new penalty regime is intended to be fairer and less severe in order to promote more timely submissions. We explain how it works and when it comes into force

Sole trader

How to save up to £3,000 in tax being self-employed

Changes in the way the self-employed must report tax mean sole traders could face having to pay an additional £3,000 in tax. Becoming a limited company could reduce your tax bill, says Marcin Durlak

Making Tax Digital

Making Tax Digital for VAT: 6 simple tips to get your business ready

Is your business ready for Making Tax Digital for VAT? From 1 April 2022, all VAT-registered businesses must comply

Accounts & Tax

Penalties waived for businesses missing tax deadline

Late filing and late payment penalties to be waived for one month for self-assessment taxpayers

Accounts & Tax

Do I have to register for PAYE if I do not have employees?

If you’re the director of a business that does not employ anybody do you need to register for PAYE? The answer is not always straightforward, says Jacqui Reeves, senior payroll manager at accountants Hillier Hopkins

Accounts & Tax

How to pay staff

You’ve just taken on your first member of staff, which means you must run payroll? What is payroll and how do you notify HMRC?

News

Businesses say taxman taking ‘aggressive’ approach

Company directors say HMRC twisting arms to pay overdue tax, combined with landlords wanting rent owed and worry over Bounce Back Loan repayments all add to pressure

News

Reprieve for self-employed having to report tax quarterly

Treasury bows to pressure and delays rolling out Making Tax Digital to self-employed sole traders to April 2024

Accounts & Tax

Taxman could claw back up to 10% of furlough cash

Small business owners unaware they have overclaimed could face having to repay 5-10% of furlough claims, warns top accounting firm

Accounts & Tax

Am I eligible for capital allowance?

Capital allowances are valuable reliefs that allow certain business expenditure to be offset against corporation tax. However, not all expenditure qualifies, says Toby Cotton

News

Make December 31 end of tax year, says small business

Poll shows 91% of small businesses want to move from April 6 to January 1 in line with other countries

News

Nearly 300,000 sole traders face increased tax bills

The government has proposed changing the date sole traders and other small businesses report profits, which means hundreds of thousands getting bigger bills next year. Find out how the proposed tax changes affect you

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4 small business functions that must be automated for greater profits

Can technology help you create more efficient business models? In this article, we explore how you can use technology to boost your business

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It’s time the UK’s small businesses got the seamless communications and collaboration tools they need

Why seamless collaboration is crucial for UK small businesses and what tools can help

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Flexible work is making cybersecurity tougher for UK SMBs. It’s time they got the tools, and the platform, to defend themselves

The cybersecurity landscape for small businesses and the tips and tools that can help

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How to enhance your customer and employee experiences using Uber Vouchers

This article explains how Uber Vouchers can enhance both your customer and employee experience