Read on for the latest accounting, tax & business news from TidyCloud
Raise VAT threshold to £100,000, says FSB
The government should raise the turnover threshold for VAT from £85,000 to £100,000, according to the Federation of Small Businesses (FSB).
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HMRC sends warning to cryptoasset users
As the use of cryptoassets continues to grow HMRC is warning people to check if they need to complete a self assessment tax return for the 2022/23 tax year to avoid potential penalties.
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Self Assessment Time to Pay Arrangements
As the deadline to submit a Self Assessment tax returns looms, nearly 44,800 people have sorted their tax bills by setting up a payment plan.
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Greater protection for businesses under new Ofgem proposals
Proposals to provide greater protection to UK small businesses on energy bills have been launched by the energy regulator Ofgem.
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UK at risk of recession after economy shrinks
The UK is at risk of recession after revised figures showed the economy shrank between July and September, according to data from the ONS.
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Spring Budget 2024 date confirmed for 6 March
Chancellor Jeremy Hunt will deliver the 2024 Spring Budget on 6 March, the government has confirmed.
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Xero Bill Payment Feature Goes Live
Xero’s new bill payment feature has gone live and is available for use now. This feature allows for bill payments directly from Xero.
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National Insurance changes ‘ease burden on strivers’
The changes to NI contributions announced in the Autumn Statement will help to ‘ease the burden on strivers up and down the country’
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Government agrees to crack down on crypto tax evasion
The UK government has agreed an ‘historic’ commitment with 48 countries to combat criminals using crypto assets to evade tax.
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