Category: Articles

The Making Tax Digital (MTD) initiative introduced fundamental changes for VAT in 2019 with the ambition to ease businesses’ tax monitoring and ensure they are paying the right amount of VAT.

As we all know, the focus of the last few months has been on Covid-19, not Brexit. However, let’s not forget that the UK left the European Union on 31 January 2020 and will end its transition period on 31 December 2020.

In these uncertain times, many Heads of Internal Audit and Chairs of Audit Committees may be wondering how internal audit can remain effective and relevant. Jessica Wills explains more.

The implementation of IFRS 15 revolutionised how many technology companies recorded revenue from contracts with customers.

Government support for start-up businesses. The government has announced a £500 million ‘Future Fund’ to invest in start-up businesses affected by the COVID-19 pandemic.

For many companies, the various measures that the government has introduced to help mitigate the impact of COVID-19 will not be enough.

The Companies (Miscellaneous Reporting) Regulations 2018 introduced several new and enhanced disclosure requirements for UK companies, effective from periods commencing 1 January 2019.

The optimistic outlook that emerged following the General election has long-since vanished. Nobody could have foreseen the shock effect a virus would have on business, borders and daily life – and the markets continue to struggle with the uncertainty about the length and severity of the disruption that COVID-19 is causing.

The Chancellor recently announced further changes to Entrepreneurs’ Relief (ER) or Business Asset Disposal Relief, as it is now known. These affect disposals on or after 11 March 2020 and certain disposals before that date.

In his Spring Statement, Chancellor Rishi Sunak announced that the Government will invest £48.8m in a new public sector counter fraud authority over the next three years to “step up” efforts against fraud and “recover millions of pounds”.

Funding your business through bank loans, asset finance, crowdfunding, grants and more.

The contactless limit on the amount you can spend using contactless bank and credit card payments increases today (15 October) from £45 to £100.