Deciding to start your own business can feel like a leap of faith but being prepared for the steps you will need to take can ameliorate this lack of confidence. Read more…
The introduction of new legislation to protect businesses forced to close or partially close during the pandemic has been welcomed by a leading hospitality trade body.
A major change in the way VAT is reported comes into force from tomorrow. Every small business that charges VAT will have to file accounts through the HM Revenue & Customs (HMRC) Making Tax Digital (MTD) system.
The Chancellor’s Spring Statement has attracted a mixed reaction, with some tax changes going ahead, some promised later and a hoped for move on VAT in the hospitality sector not appearing.
Many are feeling the impact of the increasing cost of living on their finances, with the inflation rate soaring to a 30 year high of 6.2 per cent in February. Read more…
Hopes that the temporary VAT cut for hospitality would be extended were dashed in Chancellor Rishi Sunak’s Spring Statement this week.
As the war in Ukraine rages, UK SMEs are facing new import and export headaches on top of any problems already being experienced with Brexit.
With the Spring Statement being announced today, concerns about the Government’s proposal to raise VAT for the hospitality sector increases, with industry leaders constantly pleading to retain the rate.
Raising revenue is often one of the key objectives for small and medium-sized businesses (SMEs), however it can be a difficult process to navigate. Read more…
There are just two weeks left until the Plastic Packaging Tax (PPT) comes into effect on 1 April 2022.
