Three-month extension for firms to file accounts

Around 4.3 million businesses in the UK can apply to Companies House for a three-month extension to file their accounts. The joint initiative between the Government and Companies House aims to give firms time to focus on negating the economic impacts of COVID-19....

HMRC writes to businesses about post-Brexit trade

Ahead of the UK's exit from the EU on 31 January 2020, HMRC has issued letters to inform VAT-registered businesses about how they can prepare for future trade arrangements. The letters explain which actions businesses must take if they will be trading with the EU...

Auto-enrolment awareness levels on the slide

An increasing number of employers are unaware of their workplace pensions responsibilities, according to a poll by the Pensions Regulator. Employers that have already staged have five ongoing duties when it comes to complying with auto-enrolment. These include keeping...

Treasury allays fears over insolvency tax changes

Small and medium-sized companies that enter insolvency in 2020/21 should not be affected by a new measure, according to the Treasury. From 6 April 2020, payments to HMRC will be prioritised when a company enters insolvency and go towards the public purse before being...

New prompt payment rules take effect

Large companies that pay late will now be excluded from winning Government contracts, following new prompt payment rules that came into force on 1 September 2019. The policy, which was first announced in November 2018, applies to contracts worth more than £5 million a...