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Finance | CMA banking review calls for more choice for SMEs

The Competition and Markets Authority (CMA)  has proposed a  package of measures to deliver better banking services to SMEs as part of its provisional decision on remedies to reform retail banking, designed to improve competition and get a better deal for customers, which include encouraging accountants to provide more advice on choice of bank account and sources of funding

Business | Attempts to increase government spending with SMEs ‘stalled’

The government’s attempts to spend more with reach small and medium-sized enterprises (SMEs) have stalled, according to a report by the Public Accounts Committee (PAC), which says it not convinced that increasing spending with SMEs is being given sufficient priority, while there is evidence of larger providers continuing to dominate

17 May 2016

Finance | FRS 105 amendment brings LLPs into micro-entities reporting regime

The Financial Reporting Council (FRC) has issued amendments to FRS 105 – Limited Liability Partnerships and Qualifying Partnerships, confirming that the simplified micro-entities reporting regime has been extended to include limited liability partnerships (LLPs) and qualifying partnerships, following a change in legislation

Tax | HMRC turns up VAT heat on Tex-Mex takeaways

Chilango, a fast-food chain selling Mexican food, has had its claim for a £700,000-plus VAT refund denied at a First Tier Tribunal (FTT), which agreed with HMRC’s view that zero-rating did not apply to certain supplies of takeaway food as they were served above room temperature

16 May 2016

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