Summary of Budget 2020

Summary of Budget 2020

Chancellor Rishi Sunak has delivered his first Budget in the House of Commons, announcing the government’s plans for the year ahead. Here is a summary of the main business related points.   Coronavirus and public services budget 2020 £5bn emergency response...
120,000 businesses miss 7 August Making Tax Digital deadline

120,000 businesses miss 7 August Making Tax Digital deadline

Latest figures from Her Majesty’s Revenue & Customs (HMRC) have revealed that 120,000 businesses with a turnover of over £85,000 have failed to meet the first Making Tax Digital quarterly filing deadline of 7 August 2019. Equivalent to one in four firms, the net...
HMRC Digital Records Update; What you Need to Know

HMRC Digital Records Update; What you Need to Know

HM Revenue & Customs (HMRC) are forcing businesses to keep digital records with a computerised bookkeeping system. This will soon be becoming compulsory. There is a background to this, with information here. Making Tax Digital is a key part of the government’s...