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Small business energy standing charge sharply increases

Small businesses across the UK have seen energy standing charges increase very sharply over the past few months with some reporting increasing of over 1000%. Furthermore, 62% of small businesses have said that the ever increasing cost of utilities continues to one of...

UK company size thresholds to increase

To cut complexity and burdens from legislative reporting requirements, the thresholds for company sizes in the UK are being increased by 50%. Following the Spring Budget, it has been announced by the Prime Minister Rishi Sunak that the company size thresholds will be...

Government to simplify non-financial reporting rules
Government to simplify non-financial reporting rules

The government is currently consulting on various options to simplify non-financial reporting rules indicating consideration of the appropriateness of the current company thresholds. The Department for Business and Trade (DBT) and Financial Reporting Council (FRC) are...

What is creating the skills shortage?
What is creating the skills shortage?

There have been UK skills shortages for some time, particularly across the manufacturing and engineering sectors. However, since the pandemic, these skills shortages have spread into other sectors, including hospitality and professional services. In this article, we...

Free support for region’s creative businesses
Free support for region’s creative businesses

Creative businesses across the East Midlands are able to apply for free funding to help them accelerate business growth, create jobs and prepare for investment. The East Midlands Creative Consortium (EMC2) has begun accepting applications from high-potential creative...

HMRC delay Making Tax Digital by two years
HMRC delay Making Tax Digital by two years

What is being delayed? HMRC has announced that plans to implement digital tax reporting for unincorporated businesses and self-employed individuals and landlords in April 2024 will be delayed until April 2026.   Why has MTD been delayed? HMRC have said that businesses...

Energy Bill Relief Scheme for small businesses
Energy Bill Relief Scheme for small businesses

The government has recently announced its Energy Bill Relief Scheme for businesses. This scheme will give businesses a discount on their bills based upon a government-supported baseline price. The government has said that small businesses will receive the same level...

HMRC confirms MTD penalties from 1 November 2022

Accountancy firms have been informed by HMRC that the “soft landing” penalty waiver for Making Tax Digital for VAT will be removed from 1 November 2022. All businesses that file their VAT returns monthly or quarterly must now sign up to Making Tax Digital (MTD) and...

Small business energy standing charge sharply increases

Small businesses across the UK have seen energy standing charges increase very sharply over the past few months with some reporting increasing of over 1000%. Furthermore, 62% of small businesses have said that the ever increasing cost of utilities continues to one of...

UK company size thresholds to increase

To cut complexity and burdens from legislative reporting requirements, the thresholds for company sizes in the UK are being increased by 50%. Following the Spring Budget, it has been announced by the Prime Minister Rishi Sunak that the company size thresholds will be...