Research conducted by the British Chambers of Commerce (BCC) reveals the business community believes the tax system is “fundamentally unfair,” and called for more support. The BCC conducted an online survey of more than 1,000 UK firms between 28 January and 11 February, with 96% of participants identifying as SMEs. …
Read More »IR35: consultation launched by HMRC with advice for private sector reforms
HMRC has opened a second consultation on the implementation of IR35 contractor reforms. Under the reforms, any organisations in the private sector hiring off-payroll contractors will also be responsible for handling any tax status disputes. Due for implementation in April 2020, IR35 reforms will mean the organisations hiring these contractors …
Read More »SME Action Plan unveiled to help smaller businesses
The government’s SME Action Plan has been unveiled, which will unlock greater opportunities for small businesses to win government contracts. By 2022, the Department for Business, Energy and Industrial Strategy (BEIS) will spend £35 million more with SMEs as part of promises made in the SME Action Plan. Unveiled by …
Read More »Businesses must do more to protect from cyber security breaches
Businesses in the UK – and in particular, small firms – must do more to protect from cyber security breaches. The data from the Cyber Security Breaches reveals a worrying lack of planning for any potential hacking. According to the available information, 43% of businesses experienced a breach in cyber …
Read More »Businesses support Making Tax Digital but need extra support
Almost two thirds of businesses are in favour of the government’s Making Tax Digital scheme, but feel more help is still needed. Making Tax Digital will form a major part of government plans to help businesses get their tax right and keep on top of their affairs, ensuring the HMRC …
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