Latest News

New Worldwide Disclosure Facility launched by HM Revenue & Customs

HM Revenue & Customs (HMRC) has announced the creation of a new Worldwide Disclosure Facility (WDF) that will allow people to ensure their affairs are correct before the Common Reporting Standard (CRS) comes into force on in October 2018.

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More than a third of companies unaware of apprenticeship levy

New research from the British Chambers of Commerce (BCC) has revealed that more than one in three businesses have not heard of the apprenticeship levy.

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News - October

HMRC criticised over tax amnesties

HMRC has hit back at suggestions that tax amnesties, such as the deals reached recently with Switzerland and Luxembourg, could help criminals gain respectability.

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Calls made for simpler SME financial reporting

The Financial Reporting Council and the Department for Business, Innovation and Skills (BIS) have published a joint missive calling for annual accounts for the smallest businesses to be simplified in order to cut red-tape for micro-entities.

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Three-fold increase in tax scam emails

HM Revenue and Customs say the number of scam “phishing” emails has increased by more than 300% over the past year.

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New Agency Worker Regulation (AWR) comes into affect

The Government has introduced new Agency Worker Regulation (AWR) changing the way businesses introduce new staff on a short term basis.

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Cable attacks banks over lending

The Business Secretary Vince Cable has once again attacked banks over a lack of lending to SMEs.

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2,250 tax inspectors in super rich crackdown

A crack team of more 2,000 tax inspectors is to be set up by HM Revenue and Customs to target tax avoidance and evasion.

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Small businesses fail to check credit scores

A survey of nearly 700 small businesses has found that more than 71 per cent did not check their customers’ credit status.

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Banks to offer riot loans

A major bank is set to offer interest and fee-free loans to businesses hit by the summer riots.

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Peter Hearne Associates Limited - Accountants in Lichfield
2 Parkside Court, Greenhough Road, Lichfield, Staffordshire, WS13 7FE.
Tel: 01543 250888 | Fax: 01543 250535 | Email: peter@phalichfield.com
VAT no: 705 1249 65 | Company registration no: 04207720

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