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Business rates reform needed

The Treasury Committee believes the current business rates system in England and Wales is “broken” and in “urgent need of reform”. Business rates are a tax on property used for business purposes, and calculated based on a property’s estimated value on the open market. Rates are revaluated every three years. The committee

and finally…

The UK’s top taxpayers are named Stephen Rubin, a majority stakeholder in JD Sports, has been named the UK’s top taxpayer by The Sunday Times. Denise Coates, the Bet365 boss, and Sir James Dyson make up the top three. The newspaper estimated the tax due on business profits, share sales, dividends,

Final Salary Pensions

There has been much written in the media lately about Final Salary or Defined Benefit Pensions. Whilst they have been a bedrock of pension planning for many larger employers over the years, the majority of them are now struggling to meet their long term liabilities, and as the sponsoring employer

Proposed new stamp duty surcharge

The Government is consulting on a new stamp duty surcharge for homebuyers who are not resident in the UK. Ministers have said they recognise the domino effect caused by non-UK residents purchasing homes and driving house prices up for buyers in England and Northern Ireland. According to figures from the Land Registry,

Auto-enrolment milestone

More than 10 million people have been brought into workplace pension saving through auto-enrolment, figures published by The Pensions Regulator show. As of 31 January 2019, 10.003m people were automatically enrolled into a pension scheme, leading Amber Rudd, Secretary of State for Work and Pensions, to call auto-enrolment “an extraordinary success

Grant funding

Whether you are running a cafe, operating a business from home, or perhaps looking to scale up, you will need funds to establish and grow your company. Depending on the type of business, this requirement may vary from a few hundred pounds to multiple thousands. It is helpful to know

CVAs and Commercial Property

A practical guide for Landlords and Tenant Retailers We asked Lloyd Biscoe from Begbies Traynor Southend, business rescue and insolvency practitioners, to give some practical guidance on Company Voluntary Arrangements (CVA) and in particular how they affect landlords and tenants of commercial property. With House of Fraser, Gourmet Burger Kitchen, Jamie’s

Tax Dates – 4 Business guide to tax dates 2019/20

Accounts Unless filing the company’s first accounts, submission deadlines are normally: 9 months from the accounting reference date for a private company 6 months from the accounting reference date for a public company Confirmation statement  Due date is usually a year after either: the date your company incorporated the date you filed

Budget 2018

The Chancellor of the Exchequer presented his Budget to Parliament on Monday 29 October 2018 with a somewhat rosier forecast as to the financial position of UK plc. From a personal tax perspective, individuals will benefit from increases in both the personal allowance, to £12,500, and the higher rate PAYE threshold,

Making Tax Digital for VAT

Making Tax Digital (MTD) for VAT will shortly be rolled out by HMRC. Businesses whose taxable turnover exceeds the VAT registration threshold will need to keep their records digitally, using MTD compliant software, which produces the VAT return directly from that software, for return periods starting on or after 1