Digital marketplaces to report sellers’ incomes from 2023
Posted on Wednesday, September 8th, 2021
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD). In February 2020, the OECD consulted on proposed rules setting... Read Full Article...
No Comments on Digital marketplaces to report sellers’ incomes from 2023
CIOT warns over stamp duty refund claims
Posted on Wednesday, September 8th, 2021
The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true. The CIOT says an increasing number of firms are contacting buyers... Read Full Article...
Contactless limit to increase to £100 from 15 October
Posted on Wednesday, September 8th, 2021
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, banking trade body UK Finance has confirmed. The decision to raise the contactless limit from £45 to £100... Read Full Article...
No Comments on Contactless limit to increase to £100 from 15 October
BCC calls for government to extend skills training
Posted on Wednesday, September 8th, 2021
The BCC has urged the government to extend skills training in light of the publication of research which showed that one in five companies are considering making redundancies as a result of the coronavirus (COVID-19) pandemic. The... Read Full Article...
No Comments on BCC calls for government to extend skills training
Employers ‘named and shamed’ for paying less than minimum wage
Posted on Wednesday, September 8th, 2021
The government has ‘named and shamed’ 191 companies that have broken National Minimum Wage (NMW) laws. Following investigations by HMRC, the named firms have been fined for owing £2.1 million to over 34,000 workers. The breaches took... Read Full Article...
No Comments on Employers ‘named and shamed’ for paying less than minimum wage
The government has published draft Finance Bill clauses
Posted on Wednesday, August 11th, 2021
The Government has published draft clauses for the next Finance Bill, which broadly cover pre-announced policy changes. The government is committed, where possible, to publishing most tax legislation in draft for technical consultation before the relevant Finance... Read Full Article...
No Comments on The government has published draft Finance Bill clauses
Claiming the fifth self-employed Income Support Scheme (SEISS) grant
Posted on Wednesday, August 11th, 2021
HMRC has issued guidance on claiming the fifth and final self-employed Income Support Scheme (SEISS) grant. Unlike previous SEISS grants the amount of the fifth grant available is determined by how much a self-employed individual’s turnover is... Read Full Article...
No Comments on Claiming the fifth self-employed Income Support Scheme (SEISS) grant
ICAEW urges HMRC to scrap exemptions to simplify VAT rules
Posted on Wednesday, August 11th, 2021
In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.... Read Full Article...
No Comments on ICAEW urges HMRC to scrap exemptions to simplify VAT rules
Data reveals 1.9 million workers remain on furlough
Posted on Wednesday, August 11th, 2021
The Coronavirus Job Retention Scheme (CJRS) is being wound down on 30 September 2021 and data published by HMRC has revealed that 1.9 million workers remain on furlough. The data showed that the number of employees furloughed on... Read Full Article...
No Comments on Data reveals 1.9 million workers remain on furlough
Increase in public trust in charities
Posted on Wednesday, August 11th, 2021
Public trust in charities has reached its highest level since 2014, according to research published by the Charity Commission. An independent study showed that people’s trust in charities scored an average of 6.4 out of 10, up... Read Full Article...