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ICAEW calls for Prime Minister to tackle ‘late payments crisis’ August 8, 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged Prime Minister Boris Johnson to combat the UK’s ‘late payments crisis’. According to the ICAEW’s latest Business Confidence Monitor (BCM) data, late payments from clients ‘now pose a greater challenge than they did a year ago’. One in five business owners stated that
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New OTS project aims to explore simplifying tax reporting for the self-employed August 8, 2019

The Office of Tax Simplification (OTS) has launched a new project, which aims to explore how tax reporting and payment arrangements for self-employed people can be simplified. Introducing the project, the OTS stated: ‘The OTS has heard that some, including some of those working freelance or in the gig economy, would welcome the option to
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CIOT, IFS and IfG urge Chancellor to ‘take a new approach to making tax policy’ August 8, 2019

The Chartered Institute of Taxation (CIOT), the Institute for Fiscal Studies (IFS) and the Institute for Government (IfG) have urged Chancellor Sajid Javid to ‘take a new approach to making tax policy’. The groups have co-signed a letter to the Chancellor, in which they urge him to outline the principles and objectives that will inform
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TPR warns changing name of a business ‘doesn’t change pensions duties’ August 1, 2019

The Pensions Regulator (TPR) has warned businesses that they cannot dodge their workplace pension responsibilities by changing their company name. According to the TPR, some employers are committing offences by creating new businesses, transferring their workforce and liquidating the ‘old’ business. Other employers claim that they have no workers; however, the TPR can see from
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Government set to implement ‘plastic packaging tax’ in 2022 August 1, 2019

The government is set to introduce its so-called ‘plastic packaging tax’ in 2022. According to the government, plastic packaging accounts for 44% of the plastic used in the UK. The UK generates over 2 million tonnes of plastic packaging each year. First announced in the 2018 Autumn Budget, the tax will affect plastic packaging with
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