Read on for the latest accounting, tax & business news from TidyCloud
Chancellor should use budget to reform tax system, IFS says
Chancellor Rachel Reeves should use the Autumn Budget to reform the UK’s tax system, says the Institute for Fiscal Studies (IFS).
Read More
Chancellor to explore reforms to business rates on second premises
Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury.
Read More
HMRC to resume taking tax owed by debtors directly from their bank accounts
HMRC has resumed its programme allowing direct recovery of money from debtors’ bank accounts
Read More
Over 850,000 self employed to be pulled into first phase of Making Tax Digital
HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for MTD for Income Tax when it comes into force.
Read More
More small firms expect to shrink than grow
The proportion of small firms expecting to contract, sell or close outnumbered the percentage hoping to grow, the Federation of Small Businesses (FSB) has warned.
Read More
Harsh personal guarantees will chill growth ambitions, warns FSB
Personal guarantees risk holding back the growth the economy needs, the Federation of Small Businesses (FSB) has warned.
Read More
HMRC to fine crypto investors £300 for non-disclosure
UK-based holders of cryptoassets will have to provide personal details to crypto service providers or face penalties of up to £300 from HMRC.
Read More
HMRC sends side hustle warning
HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.
Read More
UK government launches Industrial Strategy
The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.
Read More