Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Taxpayer satisfaction with HMRC services falls Four-in-10 taxpayers unable to speak to adviser over the phone Click here for more information HMRC has ‘enormous amount of work’ to deliver MTD on time Accountants call for ‘fresh thinking’ on Making...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. R&D tax relief crackdown allegedly deterring genuine claims Valid claims are apparently being rejected by HMRC. Click here for more information Chancellor aims to boost pension funds by £1,000 a year Announcement part of wider pension reforms. Find out...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. SMEs responsible for 56% of tax gap Tax gap rises by 5% to £36bn. Click here for more information HMRC raises late payment interest rates Interest on tax debt rises to 7.5%. Find out more here
The tax benefits of making pension contributions can be significant and with the announcements in the Budget earlier this year which increased the annual allowance and abolished the lifetime allowance, it is more important than ever to make sure you are making as much use of your allowances as possible, writes Pearson May partner Jacqui...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Outcry as HMRC closes self-assessment helpline Helpline will reopen in autumn. Click here for more information MTD set to cost five times its original budget Tax experts claim Making Tax Digital is ‘out of control’ 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. HMRC launches VAT time-to-pay portal Eligible businesses can set up payment plans online. Click here for more information Making Tax Digital said to cost £1.3bn The original 2020 launch date was “unviable”. 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. Employee share schemes under review The government aims to simplify employee reward system. Click here for more information FSB urges summer support for tourism sector Recommendations come after predicted boom in ‘staycations’. 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. Self-assessment threshold increases to £150,000 Fewer PAYE taxpayers will submit returns in 2023/24. Click here for more information Access to finance limited for SMEs Low awareness and high borrowing costs limit growth. 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. Late payment interest rate rises to 7% Interest has doubled since May 2022. Click here for more information HMRC plans to simplify construction industry scheme The scheme may be causing ‘unnecessary’ administrative burdens. Find out more here
In his Budget speech in March, Chancellor Jeremy Hunt kicked off the government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’. But what did the Chancellor mean by ‘full expensing’ and how does the policy work? Pearson May partner Matthew Rutter explains. What is full expensing? Under...
