Trade association UK Finance has produced research which suggests that a large amount of individuals in the UK are choosing to live a ‘largely cashless life’. Digital technology is ‘transforming the world of payment’ which allows consumers to...
Law firm RPC have published research which suggests that the average data protection fine collected by the Information Commissioner’s Office (ICO) has risen by 14% since the introduction of the General Data Protection Regulation (GDPR) just last year. The GDPR...
From May 2019, a new ‘banking code’ was implemented to give consumers ‘increased protection from criminals’. Consumer group Which? recently revealed that transfer scams cause £674 to be lost every minute. The new code requires banks and payment...
In a report published by the Resolution Foundation claims that 22% of ‘millennials’ (people born between 1981 and 2000) are living in ‘relative poverty’. This implies that 22% of millennials are living on less than 60% of median income. It has...
The European Automobile Manufacturers’ Association (EAMA) have reported that sales of electric cars in the UK are being affected by the governments’ decision to cut the grant for buyers of ‘green’ vehicles. The grant for buyers of electric cars...
The government has recently confirmed that the initiative to introduce a pensions dashboard will go ahead. Those saving for retirement will be able to use the pensions dashboard to view information from multiple pensions in one place. It has been stated that the...
HMRC’s have begun the introduction of their landmark Making Tax Digital (MTD) regime. This means that tax payers will be required to move to a fully digital tax system. With the new system, businesses with a taxable turnover above the VAT threshold of £85,000...
Recently, HMRC put out a statement warning young people in the UK to ‘stay vigilant’ in order to avoid being victims to tax refund scams. HMRC warns that both young and elderly individuals tend to be targeted by criminals as they are ‘more likely to...
The P11D forms, which report details of benefits and some expenses provided to employees and directors, for the year end 5 April 2019 are due for submission in 85 days on July 6th. Gathering the required information can take some time so make sure you prepare early in...
Recently, the government have published additional documents with advice on Brexit for small businesses in the UK. This information is meant to help business owners to ‘understand how leaving the EU may affect their business’. The documents provide advice...
