According to the latest Lloyds Bank Business Barometer, British business confidence is at its highest level since April 2017. Confidence is being fuelled by hope that the economy will recover strongly to pre-pandemic levels. Firms in the manufacturing, services and...
HMRC has published a paper outlining the changes to the late payment penalty regime for taxpayers. Initially the changes will apply to VAT and income tax self assessment (ITSA). The government intends to reform sanctions for late submission and late payments to make...
Resource management firm Veolia has revealed that 83% of businesses are not aware of the Plastic Packaging Tax, which is due to take effect from April 2022. The Plastic Packaging Tax is a new tax that will apply to plastic packaging manufactured in or imported into...
The Institute of Chartered Accountants in England and Wales (ICAEW) has predicted that following a government proposal to change the date certain businesses report their profits, sole traders and partners are likely to face bigger tax bills next year. The move would...
With the Coronavirus Job Retention Scheme (CJRS) set to end 30 September 2021, HMRC has published data showing that two million workers remain on furlough. The data showed that the number of employees on the CJRS fell by 590,000 during June. The total number of...
