Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Service standards at HMRC continue to decline Public Accounts Committee (PAC) calls for significant improvements to service levels. Click here to find out more UK banks close over 140,000 SME accounts New figures indicate a concerning trend in the...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC estimates cost to implement Making Tax Digital (MTD) for income tax self-assessment Sole traders and landlords face £350 setup costs. Click here to find out more Government finances show biggest surplus in 30 years A £16.7bn surplus has...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC cautions self-assessment customers against scammers The warning comes after a 14% increase in suspicious contacts. Click here to find out more Record number of company formations in 2023 More than 900,000 new businesses were created. For more details,...
As the end of the 2023/24 tax year approaches on 5 April, it is also a good time to review your affairs, making the most of opportunities to maximise your income and minimise your tax, writes Pearson May partner Jacqui Bowden. Some tax planning may require action to be taken before 5 April. I...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. More than a million miss self-assessment deadline Late filing rises by 10% compared to last year. Click here to find out more HMRC introduces compulsory payrolling of benefits-in-kinds New rules will apply from April 2026. For...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Mandatory payrolling of benefits-in-kind announced by HMRC Rules will apply from April 2026. Click here for more information HMRC still awaiting 3.8m self-assessments It urges tax returns for the 2022/23 tax year. Find out more here
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Thousands choose payment plans as tax deadline approaches HMRC offers payment plan for self-assessment customers. Click here for more information FSB proposes vital VAT reforms VAT threshold increase could boost growth for small businesses. Find out more here
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. More than 1m over 50s now self-employed Major shift in self-employed workforce since pandemic. Click here for more information HMRC issues cryptoassets tax reminder Non-compliance may result in penalties. Find out more here
New rules are being brought in by HM Revenue & Customs (HMRC) requiring online sales platforms to make an annual report to them with the details of individual sellers, writes Pearson May partner Matthew Rutter. This is so that HMRC can check whether the individuals have paid tax correctly on such sales, where applicable,...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. 5.7m taxpayers yet to file self-assessment tax returns HMRC urges customers to file as soon as possible. Click here for more information Chancellor announces date for Spring Budget Fiscal report set to be presented on 6 March. Find...
