Industry News

HMRC issues warning over tax refund scams

HM Revenue and Customs (HMRC) has issued a warning to taxpayers regarding the latest tax refund scams, which are targeting individuals via email and SMS messages. As HMRC processes genuine tax refunds for the 2017/18 tax year, fraudsters are sending scam messages which claim that taxpayers are entitled to a rebate, and request that they […]


Survey suggests millennials feel ‘under most pressure’ at work

A survey conducted by the Mental Health Foundation and Mental Health First Aid England has suggested that millennials feel under the most pressure at work when compared to any other age group. According to the survey, more than a quarter of people aged between 18 and 38 work through stress, compared to 18% of so-called ‘baby boomers’ – those […]


Many individuals believe self-employment has ‘improved quality of life’, survey finds

A survey carried out by AXA Business Insurance has revealed that a significant number of self-employed individuals believe that working for themselves has ‘improved their quality of life’. 82% of those polled believe that being their own boss has enhanced their quality of life, whilst only 7% believe that working for themselves has negatively impacted […]


Brexit causes HMRC to delay Making Tax Digital for individuals

HMRC have delayed the full roll-out of Making Tax Digital (MTD) while the UK prepares to leave the EU in 2019. MTD for individuals was scheduled to take effect from 2020, however the government have revealed that the plans have been put on hold to allow HMRC to focus on the UK’s Brexit preparations. In […]


Late payments ‘remain a real problem’ for SMEs, research finds

Late payments ‘remain a real problem’ for UK small and medium-sized enterprises (SMEs), research carried out by accounting software company Xero has suggested. Its Small Business Insights report analysed 7.5 million invoices with 30-day payment terms that passed through the Xero system, and revealed that 52% of SMEs’ invoices were paid late in 2017, with […]


Car insurance costs proving a ‘significant burden’ for young drivers

Young drivers in the UK are facing significant challenges as a result of high car insurance premiums, according to a recent report by comparison website Comparethemarket.com. The latest Young Drivers report shows that, on average, young motorists spend £2,381 a year on running a car, with 17-24-year olds having experienced an increase of more than 8% over […]


‘Time running out’ for SMEs to prepare for introduction of GDPR, says FSB

With less than one month until the introduction of the new General Data Protection Regulation (GDPR), the Federation of Small Businesses (FSB) has warned small and medium-sized enterprises (SMEs) that time is running out for them to prepare. The business group stated that small businesses face an ‘uphill challenge’ in ensuring that they are compliant […]


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