British entrepreneurship on the rise

A new study suggests that British entrepreneurship is on the rise and that small and micro-businesses are growing increasingly prominent across the UK. The research, which was carried out by social media network LinkedIn, found a 6.4 per cent rise in the number of UK professionals in entrepreneurship between April 2016 and April 2017. Meanwhile, […]

Businesses below the VAT threshold to be exempt from Making Tax Digital

Businesses below the existing VAT threshold of £85,000 will be exempt from the Government’s flagship Making Tax Digital (MTD) project, it has been announced. The news follows widespread concerns voiced by tax and accountancy bodies that the Government’s previous MTD exemption threshold of £10,000 was far too low and would only benefit the UK’s very […]

Updated HMRC guidance published on IR35

HM Revenue & Customs (HMRC) has published updated guidance on IR35, following important changes which took effect at the beginning of April this year. The guidance, which comes several months after the controversial reforms were first phased in, sets out to answer what HMRC believes are likely to be the most frequently asked questions about […]