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Business support programme gives hope to homeless entrepreneur

A young entrepreneur from East Hull has vowed to make the most of a new enterprise programme to build his own business and break the debilitating cycle of joblessness and homelessness. As part of the programme, Aaron Conroy has successfully completed the IAB Level 1 Certificate in Computerised Accounting for Business, achieving 100% in most of the modules. Aaron had

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HMRC Agent Update – Issue 61

HMRC has published the latest issue of its Agent Update. Some of the top articles included are: Publication of information about tax reliefs that are state aids – You may wish to remind your clients that certain details about their business will be published if they receive tax reliefs that are state aids of more than €500,000. New Trusts Registration

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Landlords don’t like young tenants

The housing crisis for young people is set to worsen as more and more landlords refuse to rent to people under 35, says a study by Sheffield Hallam University. The research found one-third of landlords were ‘cutting back’ on renting to under-35s. It appears concern over young people’s ability to pay the rent is encouraging landlords to look for older

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Somerset accountant jailed for £350,000 tax fraud

Somerset accountant Stephen Love has been jailed after using £350,000 of a client’s VAT payments to help the cash flow of his business. Love, a director of construction company JBA Martin Limited and Wessex Accountants Limited, looked after the building firm’s books. He was sentenced to two years and three months in prison. Judge David Ticehurst said: “You knew what

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UAE to introduce VAT

The United Arab Emirates looks set to be the first Gulf state to introduce VAT, as it looks to make up for falling oil revenues. From January 2018, tourists and other shoppers visiting Dubai and other cities in the UEA will have to pay a 5% tax on goods and services. The UAE government said the new tax will raise

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Essential measures

Essential service firms who fail to implement effective cyber security measures face fines in the UK of up to £17m, or 4% of their global turnover. The new government proposals are aimed at making Britain’s essential networks and infrastructure safe, secure and resilient against the risk of future cyber attacks. The Department of Digital, Culture, Media & Sport’s consultation document

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Data Protection law overhaul

The public will be given more control over their personal data and be better protected in the digital age under new measures announced by Digital Minister Matt Hancock. The proposals, to come in the form of a Data Protection Bill, include the ‘right to be forgotten’ and a requirement for social media platforms to delete personal information on children and

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New help for small businesses launched by HMRC

A new online tax forum and dedicated webchat service for small businesses and the self-employed has been launched by HMRC. The Small Business Online Forum is a quick and easy way for small businesses to get answers to their tax questions, as well as help with: starting a business support for growing a business – including taking on employees and expanding

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NOW: Pensions removed from the master trust assurance list at its own request

NOW: Pensions has today been removed from The Pensions Regulator’s master trust assurance list. There is no suggestion that the assets of members are at risk as a result of the scheme coming off the list, or that employers whose workplace pensions are in place with NOW: Pensions are not complying with their automatic enrolment duties. The Pensions Regulator (TPR)

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