Business | Lack of support in Spring Statement stunts SME growth

The lack of support announced in the Chancellor’s Spring Statement and the war in Ukraine has been cited by accountants as reasons why SMEs are struggling with growth

4 Apr 2022

Business

Companies

Accountancy Firms

Business | National Living Wage increases to £9.50

The National Living Wage and National Minimum Wage rise comes into effect from 1 April 

1 Apr 2022

Business

Companies

Business | Businesses to increase prices due to NIC rise

The National Insurance contributions (NICs) rise will force around one in three businesses to increase their prices

1 Apr 2022

Business

Companies

Tax | Hospitality VAT rate set to return to 20%

The reduced rate VAT for hospitality venues is to end tomorrow with the VAT rate increasing from 12.5% back to the original 20%

31 Mar 2022

Tax

VAT

Business

Companies

Tax | HMRC changes 64-8 authorisation form for tax agents

HMRC has confirmed that from 31 March 2022, new clients will need to use a revised version of form 64-8 to give authorisation for accountants or tax agents to deal directly with the tax authority

30 Mar 2022

Tax

HMRC

Tax Compliance

Business

Companies

Accountancy Firms

Tax | VAT export refund scheme for vehicles changing

The government is changing the VAT rules on the export refund scheme for the export of second-hand cars and vans from 1 October 2022

28 Mar 2022

Tax

VAT

Tax Compliance

Business

Companies

Business | People in the news: Streets, RSM, PwC, Deloitte

In this week’s accountancy career moves, partner hires at RSM and Deloitte, promotions at Streets and EY, and M&A specialist for Hawksford

25 Mar 2022

Business

Companies

Careers

Leadership & Management

Business | Customs Declaration Service ready for overhaul

HMRC is sending businesses letters to remind them that it is ready for exporters to start moving to the new Customs Declaration Service (CDS) system

25 Mar 2022

Business

Companies

Business | Funeral payment plan Safe Hands goes bust

Funeral planning company Safe Hands has gone into administration saying that over 45,000 customers are unlikely to be refunded their down payments

25 Mar 2022

Business

Companies

Restructuring & Insolvency

Business | Arbitration service set up as covid rent moratorium ends

The government has set up an arbitration system to help resolve outstanding commercial rent debts as the general moratorium on commercial evictions during the pandemic ends

25 Mar 2022

Business

Companies

Law & Guidance

Business | Kroll named liquidators of Heritage Pensions

Kroll Advisory has been appointed as joint liquidators of Heritage Pensions Limited as the company fails to meet compensation payments

22 Mar 2022

Business

Companies

Restructuring & Insolvency

Business | Covid Corporate Financing Facility loans fully repaid

After the spate of fraud related to bounce back loans, the Treasury has confirmed that all companies which used the Covid Corporate Financing Facility scheme have now repaid their loans

21 Mar 2022

Business

Companies

Business | 16 FTSE 100 CEOs are chartered accountants

Of the 100 CEOs in the FTSE 100, 16 are chartered accountants and chartered management accountants which makes this the most common profession 

21 Mar 2022

Business

Companies

Business | Rates rise to pile more pressure on SMEs

 UK business groups have described the Bank of England’s interest rate rise as ‘ill timed’ as it will only pile on more pressure to SMEs already struggling with debt repayment burdens

18 Mar 2022

Business

Companies

Business | People in the news: EY, Simmons Gainsford, Old Mill, UNW, FRC

In this week’s career moves, partner promotions at EY, UHY Hacker Young, Simmons Gainsford and UNW, audit chief for Bank of London and first local audit head for FRC

18 Mar 2022

Business

Companies

Accountancy Firms

Careers

Leadership & Management