Brookson Guidance
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Sole Trader Business News…
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Government introduces simplified business support structure
31 March 2009The government has completed the design and rollout of its Solutions for Business support structure. According to the Department for Business, Enterprise and Regulatory...
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HMRC given power to enter home business premises
31 March 2009HM Revenue & Customs (HMRC) is to have new powers which will allow it to enter residential properties being used for business. According to the body, the changes are...
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Businesses 'shouldn't be burdened with higher taxes'
30 March 2009Business leaders have warned of the potential dangers of raising corporate taxation levels in order to help drive the UK economy out of recession.
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Businesses gain from government loan scheme
25 March 2009The government's Enterprise Finance Guarantee (EFG) scheme has provided UK businesses with access to 1,300 eligible loans worth almost £145 million.
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Self-employed contractors 'will lose out' on tax relief
24 March 2009A government scheme to offer small businesses tax relief could end up with self-employed contractors missing out, according to an accountancy group.
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Government's 10-day pledge 'yet to take effect'
20 March 2009The government has still to deliver on its pledge to pay trade invoices to small businesses in ten days, according to a new study from a credit reference agency.
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Second offshore amnesty penalty 'to treble'
19 March 2009Offshore accountholders who take advantage of a second amnesty from HMRC will be subjected to penalties three times as high as the previous period, according to a new rep...
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HMRC launches e-learning tools
13 March 2009Two new e-learning tools have been launched by HMRC, aimed at helping taxpayers deal with the new rules on compliance checks and penalties that begin in April.
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HMRC reveals interest rates
13 March 2009HMRC has announced the new interest rates it will charge on late payments and overpayments. The rate charged on the late payment of income tax, national insurance contrib...
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CBI calls for long-term approach on pensions
12 March 2009The Confederation of British Industry (CBI) has called on the authorities to let companies find a long-term solution to the problems in the pensions sector.
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Small businesses 'are owed £26bn'
12 March 2009Small and medium sized enterprises (SMEs) in the UK - including self-employed contractors listed as limited companies - are owed £25.9 billion in overdue payments, a...
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PwC calls for tax increase
11 March 2009PricewaterhouseCoopers (PwC) has suggested that the government should increase taxes in order to balance its books by 2013/14. Currently, the government is attempting to...
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Jersey agrees to tax deal
11 March 2009Jersey has signed up to the Tax Information Exchange Agreement (TIEA) with the UK in a move to combat tax evasion. The island has followed other Crown Dependences and Ove...
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VAT increase 'should be delayed'
10 March 2009The VAT increase will take place at the "worst possible time of year" and should be delayed by at least a month, according to the British Retail Consortium (BRC...
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Base rate reduced to 0.5%
05 March 2009The Bank of England's Monetary Policy Committee (MPC) has decided to reduce the base rate again. Following an MPC meeting, the rate now stands at an all-time low of 0.
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New compliance checks 'simpler with contractor accountant'
04 March 2009Employing a contractor accountant can limit any possible problems posed by HMRC's new compliance checks, Brookson has said. As of April 1st, HMRC will have a range of pow...
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Proposal for simplified accountancy services unveiled
04 March 2009A proposal to ease regulations on accountancy services for small businesses has been unveiled by the European Commission. The measure will see reporting obligations for t...
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Tax havens 'cost £4bn a year' for taxpayers
03 March 2009The UK is missing out on £4 billion every year as a result of UK residents living in tax havens, new research has claimed. According to the study from the TUC, which...
