Read on for the latest accounting, tax & business news from TidyCloud
Artificial Intelligence will affect jobs and worsen inequality, says IMF
Artificial intelligence (AI) will affect almost 40% of all jobs around the world and deepen inequality, the International Monetary Fund (IMF) has warned.
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).
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.
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.
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.
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.
Spring Budget 2024 date confirmed for 6 March
Chancellor Jeremy Hunt will deliver the 2024 Spring Budget on 6 March, the government has confirmed.
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.
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’