Self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), following a government announcement today (19 December 2022).From:HM Revenue & CustomsPublished19 December 2022 Understanding that self-employed individuals and landlords are currently facing a challenging economic environment, and the transition to Making Tax Digital (MTD)… Continue reading Government announces phased mandation of Making Tax Digital for ITSA
WebFiling accounts are changing
Companies House will soon be introducing a new and improved WebFiling account. Your new WebFiling account will include improved security features and will give you more freedom to self-manage your account. This is the first step in creating a single sign-in across all Companies House services, and it’s an important milestone in our 2020 to… Continue reading WebFiling accounts are changing
How To Spot Greenwashing
Does your business make environmental claims about your products, services or operations? If so, you could inadvertently be greenwashing and misleading your customers if your claims are not fully backed up. The Competition and Markets Authority has developed the Green Claims Code to help businesses get their green claims right. The code consists of 6… Continue reading How To Spot Greenwashing
New Guidance On Employment Status for Workers
New guidance published by the government aims to provide businesses and workers – particularly in the gig economy – with greater clarity over employment status and the rights and employment protections people are entitled to at work, including pay, leave and working conditions. Featuring real world examples of what an individual’s working day or contract may… Continue reading New Guidance On Employment Status for Workers
MTD for ITSA £50 Amazon Gift Voucher For Quickbooks Sign Up
Have you tried QuickBooks? It will help to keep your business finances organised and saves you time. It could work well for you and help you prepare for Making Tax Digital #MTD for #ITSA. When you sign-up, you’ll receive a £50 Amazon voucher (T&C’s apply), and we will too. @QuickBooksUK
Legislative Priorities Laid Our In Queen’s Speech
Business in the Queen’s Speech This week the government set out its legislative priorities for the current session of Parliament, including the following: An Energy Security Bill later this year to deliver a cleaner, more affordable, and more secure energy system and help to protect consumers against global price fluctuations. The Digital Markets, Competition and… Continue reading Legislative Priorities Laid Our In Queen’s Speech
Cherwell Business Adaptation Fund
OxLEP Business is leading the delivery of Cherwell District Council’s Cherwell Business Adaptation Fund (CBAF), which is funded through the Government’s Additional Restrictions Grant (ARG) round two, which provides local councils with grant funding to support businesses impacted by Coronavirus restrictions. Applications open to businesses based in Cherwell who have been impacted by the Covid-19… Continue reading Cherwell Business Adaptation Fund
Pilot GOV.UK service to find and apply for government grants
A new pilot service is available on GOV.UK to make it simpler, faster and fairer to find and apply for government grants. It’s been co-created with the Government Grants Community – including people from small to medium-sized businesses. Starting with a small sample of grants, you can test the ability to browse, search and filter… Continue reading Pilot GOV.UK service to find and apply for government grants
National Minimum Wage Uplift 2022
National Minimum Wage uplift Around 2.5 million UK workers will receive a pay rise as the National Minimum and Living Wages increased on Friday 1 April in line with the recommendations from the independent Low Pay Commission. Workers aged 21-22 will receive a rise of almost 10% on the National Minimum Wage, while those aged… Continue reading National Minimum Wage Uplift 2022
Making Tax Digital (MTD) for VAT Extension
All VAT registered businesses, regardless of taxable turnover, will legally be required to follow MTD for VAT requirements from their first VAT Return Period starting on or after the 1st April 2022. This means that all VAT registered businesses must use MTD compatible software to keep records digitally and submit their tax returns unless exempt.