"> October 2019 - IAB | International Association of Bookkeepers

October 2019

API streaming first from Companies House

Companies House has launched a new streaming application programme interface (API), designed to help users access real-time information about companies in a quick and easy way. The streaming API, a government first, allows users to tap into specific data from the register, pushing new information to users as it changes and updates. There are four different types of information customers

Read more

Read more

ICO issues advice on dealing with data post-Brexit

The Information Commissioner’s Office (ICO) has issued guidance to help small to medium-sized UK businesses and organisations keep personal data flowing with Europe (the EEA) after Brexit (the EEA is the EU plus Iceland, Norway and Liechtenstein). If we leave the EU without a deal, most of the data protection rules affecting small to medium-sized businesses and organisations will stay

Read more

Read more

Companies face biggest lending squeeze since financial crisis

UK firms could be facing another credit crunch, with banks more reluctant to lend due to fears over the health of the economy, according to the Bank of England. In its quarterly credit conditions survey, it found that 13.5% fewer lenders expect to restrict access to credit over the next three months. It is the weakest set of figures since

Read more

Read more

HMRC urges taxpayers to ‘get their ducks in a row’

With less than 100 days to go before the 31 January deadline, HMRC is reminding taxpayers to complete their tax returns early to beat the Christmas and New Year rush. In a press release issued on 23 October, Angela MacDonald, HMRC’s Director General for Customer Services, said: “The deadline for completing Self Assessment tax returns is only 100 days away,

Read more

Read more

IR35: new briefing ‘cold comfort’ for UK self-employed

  A new government briefing on the upcoming changes to off-payroll working rules, or IR35, offers little comfort to concerned self-employed people across the UK, IPSE (the Association of Independent Professionals and the Self-Employed) has warned. IPSE’s Deputy Director of Policy Andy Chamberlain said: “This briefing will be cold comfort to the millions of self-employed who are worried about the

Read more

Read more

Clients Going Digital? Here’s How To Help With The Paper Tax Return Deadline

If your client is required to complete a Self Assessment tax return, there’s a possibility they may be already submitting (or would prefer to) via paper submission. Paper submissions, as opposed to digital, must be completed by 31st October every tax year. The relevant form (SA100) can be downloaded from the HMRC site along with any additional sections that you

Read more

Read more

Time to deliver on broadband promises, say small businesses

Small companies in the UK are being held back by poor broadband and mobile connections, according to new research by the Federation of Small Businesses (FSB). The findings, revealed in FSB’s new digital infrastructure report ‘Lost Connection’, show that a third of firms (33%) are struggling with broadband speeds that are insufficient for their current business needs. Two in five

Read more

Read more

Ledgers land £3.5 million launderer with jail sentence

A Manchester crook who went on the run when his handwritten ledger books implicated him in a multi-million-pound money laundering fraud has been sentenced in his absence. Jamshed Bhatti, 60, formerly of Stockport Road, Longsight, was caught with £50,970 in cash when HMRC investigators searched his home in August 2015. Two handwritten records of his financial accounts were also found

Read more

Read more

HMRC accelerates 95,000 firms onto simplified import procedures

HMRC has automatically registered 95,000 businesses for its simplified import procedures allowing most traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on 31 October. The scheme, known as Transitional Simplified Procedures (TSP), will make importing after Brexit on 31 October much simpler, particularly for businesses who

Read more

Read more