January 2021

Wait times up for callers to HMRC

Almost half (48%) of customers calling HMRC had to wait for more than 10 minutes to be answered in November, up from 31% the previous month. This meant the average wait time leapt to 12 minutes 45 seconds in November 2020, up from 9 minutes 42 seconds in October, according to accountancy firm Moore. The firm blamed under-resourcing in HMRC’s

Read more

Read more

Government has late paying firms in its sights

An overhaul of the Prompt Payment Code (PPC) to crack down on late payment of invoices to small businesses has been announced by the government. Under new reforms, companies that have signed up to the Prompt Payment Code will be obliged to pay small businesses within 30 days – half the time outlined in the current Code. Despite almost 3,000

Read more

Read more

Why Use Digital Software Over HMRC

With Making Tax Digital for Income Tax around the corner HMRC will be moving away from maintaining their own software. Now is the time to switch to digital. Digital software helps those that need to submit a tax return keep on top of their bookkeeping. But that’s just the beginning. We’ve asked Mike Parkes from GoSimpleTax to better explain the

Read more

Read more

Insurers must pay SMEs’ lockdown losses

Tens of thousands of small businesses could be set to finally receive insurance payments covering their loses from the first lockdown, following a new court ruling. The Supreme Court has found in favour of SMEs receiving payments if they had business interruption insurance policies. The ruling is expected to cost insurance companies hundreds of millions of pounds. The test case

Read more

Read more

E-waste is ‘becoming a crisis’

The Covid-19 lockdowns have led to a UK tech sales boom, but concerns are rising over the amount of e-waste being produced. Last year, the Royal Society of Chemistry discovered that there could be 40 million or more unused devices being hoarded in drawers and cupboards around the UK. It has now found that this problem is growing, with 12.8%

Read more

Read more

Big rise in student cheating

Universities across the globe are reporting a spike in student cheating during the pandemic, driven by online learning. It has led to calls for a fundamental rethinking of what is being taught and assessed, Times Higher Education has reported. The speedy transition to virtual environments added to student stress and vastly increased their opportunities to use online ‘assistance’. Many students

Read more

Read more

At least 250,000 UK small businesses set to shut, study warns

A record number of small business owners are planning to close their firms over the coming year, putting the UK on course to lose more than a quarter of a million businesses, according to the Federation of Small Businesses (FSB). Almost 5% of the 1,400 firms surveyed for the FSB’s Small Business Index (SBI) study say they expect to close

Read more

Read more

25,000 taxpayers set up monthly payment plans

Almost 25,000 self assessment taxpayers have set up an online payment plan to manage their tax liabilities in monthly instalments, totalling £69.1 million, HMRC has revealed today. In October, HMRC increased the threshold for self-serve Time to Pay arrangements from £10,000 to £30,000 for self assessment taxpayers. Once they have completed their 2019-20 tax return and know how much tax

Read more

Read more

Friday Roundup Podcast 15th January 2021

Please note this podcast was recorded on 14th January The news from the week ending 15th January 2021 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Below are the notes from the podcast On this week’s Friday Roundup we have… Simon Recap of the coffee morning this week with 2 guest speakers Jordan Vickery from Pixie the practice

Read more

Read more