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Latest News & Events
Restaurant insolvencies jump 25% in the last year alone
The number of restaurant businesses going insolvent has jumped 25% in the last year to 1,410* in 2018/19, up from 1,130 2017/18, our research shows.
Self-employed individuals owed £1.6 billion in late tax payments to HMRC last year – figure expected to rise even further
Self-employed individuals owed £1.6bn in late tax payments to HMRC last year*, with the figure expected to rise even further once more self-assessment returns for 2017/18 have been submitted.
UHY Hacker Young appointed as administrator to Designed Architectural Lighting Co. Limited
Designed Architectural Lighting Co. Limited – Peter Kubik and Brian Johnson were appointed Joint Administrators of the company on 8 August 2019. The company designed lighting for commercial units. A sale of the business was subsequently achieved.
Taxflash: Mileage rates – September 2019
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
Contractors have been receiving letters from HMRC, typically addressed to the personal service companies (PSCs) through which they work
VAT domestic reverse charge within the construction industry
Although we have known about the new rules since 2017, please find below the key information in relation to the changes that come into effect on 1 October 2019.