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Brexit cloud hovers over Chancellor’s Spring Statement

Chancellor Philip Hammond had pledged no big fiscal announcements in the run-up to his Spring Statement – and he was true to his word. He started and finished with words of warning about Brexit, saying the uncertainty was “damaging the economy and reputation” of the UK. He said: “Leaving with no deal would mean significant disruption in the short and

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Making Tax Digital VAT service scheduled maintenance

HMRC will be undertaking the final wave of scheduled maintenance to the Making Tax Digital (MTD) VAT service before it is mandated from April. As a result, the service will be temporarily closed from 5pm on Friday 15 March until 8:30am on Tuesday 19 March. During this period, businesses will be unable to join the pilot, and those who have

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The Business Show – speaker announcement

The Business Show returns once again on 15 and 16 May for another edition of the UK’s largest trade show for business professionals. After 20 years, The Business Show has been established as the must-attend event for businessmen and businesswomen across the country, with not only the true cutting edge in products and services available from the 400 world class

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Consultation – Off-payroll working from April 2020

At Budget 2018, the government confirmed the extension of reform to the off-payroll working rules (commonly known as IR35) in the private sector. The government is now consulting on the detailed design of the reform from April 2020. The rules ensure individuals who work like employees pay broadly the same employment taxes as directly engaged employees, even where they work

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Update from HMRC – EU Exit

HMRC recently published a letter to 135,000 UK businesses that currently trade goods with non-EU countries. The letter outlines important changes to customs procedures and VAT for UK-EU trade that will occur if the UK leaves the EU without a deal. These changes will also impact on UK trade outside of the EU. What you need to know about EORI

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Quarter of a million business rates appeals lodged in 2018

Almost 150 appeals a day were lodged against business rates last year after the overhaul of the system, according to official figures. The government’s Valuation Office Agency (VOA) has revealed that 52,550 business properties in England – of which a large proportion are retailers – started formal challenges during 2018, reaching the first stage in the new “check, challenge and

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Estate agents targeted in money laundering crackdown

Estate agents have been hit with unannounced inspections as part of a crackdown on money laundering in the property industry, HMRC has revealed. HMRC officers visited 50 estate agents across England in the first week of March after they were suspected of trading without being registered as required under money laundering regulations. The visits came as HMRC published the latest

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‘Make sure you are ready for no deal’, HMRC warns business owners

HMRC is urging the UK’s business owners to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal. The first step businesses need to take is to register for an Economic Operator and Registration Identification (EORI) number. UK businesses that have only ever traded

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Apprenticeships preferred over degrees, survey finds

More than two-thirds (66.7%) of finance professionals would choose to do an apprenticeship over studying for a degree, with 53.4% believing that apprenticeships are better for a person’s career prospects. Research by CV-Library of 1,200 UK workers also revealed that while 83.3% of finance professionals haven’t done an apprenticeship, 94.4% believe an apprenticeship can provide a worker with the skills

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