UK Government Start A Ban on Plastic Straws, Stirrers and Cotton Buds
The ban on supplying plastic straws and stirrers and plastic-stemmed cotton buds has come into force in England today (Thursday 1 October), marking yet another major step in the Government’s fight against single-use plastic waste to protect our environment and clean up our oceans. Just one month after ministers confirmed the single-use plastic bag charge […]
120k firms miss MTD for VAT deadline
More than 120,000 VAT-registered businesses in the UK missed the August deadline to file returns through Making Tax Digital (MTD). HMRC confirmed that around 116,000 businesses with quarterly obligations and 5,000 firms that file monthly returns did not sign up in time. Most VAT-registered businesses with annual taxable turnover of more than £85,000 have to […]
VAT reverse charge ‘should be delayed’
A major change to VAT in the construction industry could cause significant disruption to businesses unless it’s delayed, the Chartered Institute of Taxation (CIOT) has warned. The VAT domestic reverse charge is set to come into effect on 1 October 2019, and will apply to VAT-registered businesses that supply or receive specified services under the […]
Help-to-buy ISA closing date approaches
First-time buyers have around four months left to open a help-to-buy ISA, before the scheme closes to new applicants on 30 November 2019. The help-to-buy ISA allows people to receive a 25% government bonus on savings they use to buy their first home, up to a maximum of £3,000. According to the most recent Treasury […]
Open Banking and how this impacts Xero
New EU standards, due to take effect from 14 September 2019, will change the way some banks connect to Xero. To comply with the new requirements, many of Xero’s bank feeds will be replaced by new direct feeds using Open Banking. What is Open Banking? Open Banking means you can choose to share your bank […]
