Read on for the latest accounting, tax & business news from TidyCloud
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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HMRC is ‘Making Tax Difficult’ with MTD programme
HMRC is ‘Making Tax Difficult’ for taxpayers as MTD adds to the burdens they face, according to a report by the Public Accounts Committee.
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Many firms still facing recruitment problems
Many UK firms are still facing hiring issues as a result of challenging economic conditions, according to a report from the British Chambers of Commerce (BCC).
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Online platforms should sign up to Prompt Payment Code
Online platforms should commit to paying small businesses within a maximum of thirty days in line with the Prompt Payment Code, according to the Federation of Small Businesses (FSB).
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