Financial Update

Pearson May financial round-up

September 23, 2022
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Pearson May financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. £1.1bn of Covid-19 loans flagged as fraud The government has published a bounce-back loan scheme performance update. Click here for more information Advisory fuel rates update There has been an increase in advisory fuel rates this month....

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Pearson May financial round-up

September 15, 2022
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Pearson May financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Over half of UK adults looking to boost income Cost of living crisis continues to impact personal finances. Find out more here Economy grew by 0.2% in July Soaring inflation contributes to slow growth. Click here for...

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Pearson May Financial Update: The Let Property Campaign and undeclared lettings income

September 12, 2022
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Pearson May Financial Update: The Let Property Campaign and undeclared lettings income

We have seen over recent months a flurry of people being contacted by HM Revenue & Customs (HMRC) in connection with rental income they have received, but which they haven’t reported on a Tax Return. Sometimes this can go back as far as 20 years, writes Pearson May partner Jacqui Bowden. If you have income...

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Pearson May financial round-up

September 8, 2022
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Pearson May financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. HMRC releases MTD for ITSA guidance New framework will be mandatory from April 2024. Find out more here Companies House to launch single sign-in Launch aimed for this autumn. Click here to find out more  

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Pearson May financial round-up

September 1, 2022
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Pearson May financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. MTD for VAT penalties issued from November People could face fines after the VAT portal closure. Click here for more information. Tax leaders set out priorities for new Prime Minister The open letter identifies three urgent tax improvements....

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Pearson May financial round-up

August 18, 2022
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Pearson May financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Govt. expands ‘Help to grow: digital’ scheme The programme is expanded to very smallest businesses. Click here to find out if this applies to your business Wages fall at record rate Pay has decreased during rising costs of bills....

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Pearson May Financial Update: Explaining the 60-day rule on reporting sales of UK homes

August 15, 2022
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Pearson May Financial Update: Explaining the 60-day rule on reporting sales of UK homes

Many property-owning individuals are still not aware of the ‘60-day regime’ in relation to the reporting and paying of Capital Gains Tax (CGT) in connection with disposals of UK residential property by UK residents. If you have recently sold a property, or are planning to, then you may need to take urgent action, writes...

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Pearson May financial round-up

August 12, 2022
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Pearson May financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Smallest businesses eligible for Help to Grow scheme Over a million more firms now eligible. Find out more here HMRC issues £1.87m in fines for tax mistakes The number of penalties went up by 80% Click here...

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Pearson May weekly financial round-up

August 4, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Govt. announces £400 energy bill grant Grants to be split across six separate payments. Click here for more information Relaxed tax rules for divorces in the works Changes would affect capital gains tax. To find out more,...

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Pearson May weekly financial round-up

July 28, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Association of Taxation Technicians president calls for no HMRC staff cuts The group has raised concerns over MTD and HMRC waiting times  Click here for more information FCA seeks fair treatment of SMEs Banks have been told to maintain...

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