News for: Accountancy

An uplifted VAT threshold of £90,000 has taken effect from 1st April 2024 that is expected to lift 28,000 small businesses out of paying VAT. The £5,000 increase in the threshold was announced in the Spring Budget and puts the UK's VAT threshold at the joint highest level of any OECD … [Read more...]

Azets, the international advisory, outsourcing and compliance group, with seven regional offices across the North West of England including in Stockport, has announced the acquisition of RSM UK’s specialist medical accounting team. The transaction underlines Azets’ commitment to become the UK’s … [Read more...]

Changes to HM Revenue and Customs’ (HMRC) helpline services are being halted in response to public feedback to its plans, and to trials during 2023. Changes to helpline services aimed at encouraging people to go online first before contacting HMRC via phone or webchat were trialled over the last … [Read more...]

Big four accountancy firm, EY, has forecast a return to steady economic growth through 2024 to 2027, but expects the gap between UK regions and London and the South East to widen. In the February EY UK Regional Economic Forecast, the UK overall is expected to see annual average growth of 1.9% … [Read more...]

January payslips have seen workers across the UK pay a reduced rate of National Insurance for the first time since the rate cut announced last year took effect. The government announced it would cut National Insurance by 2p from 12% to 10% at the 2023 Autumn Statement – for the average salaried … [Read more...]

More than 475,000 self-employed people believe they will miss the deadline for completing self-assessment tax returns and paying any money owed, research conducted on behalf of Handelsbanken Wealth & Asset Management has found. Less than a fortnight before the 31st January deadline, HMRC … [Read more...]

Nearly 44,800 Self Assessment taxpayers have set up a payment plan with HMRC to settle near £148 million of tax bills ahead of the 31st January deadline. More than 7.7 million Self Assessment customers have already filed their tax return for the 2022 to 2023 tax year, but HM Revenue and Customs … [Read more...]

Corporate insolvencies exceeded 25,000 for the first time since the 2009 financial crisis in 2023, new December insolvency statistics have shown. Figures also showed that December, typically a quieter month for company insolvencies saw more than 2,000 firms close their doors, surpassing the … [Read more...]