The Business Secretary Jacob Rees-Mogg has announced the launch of the new Energy Bill Relief Scheme to help cut energy bills in the non-domestic sector. The new scheme will cover all non-domestic energy customers, including UK businesses, the voluntary sector, for example charities and the public sector such as schools and hospitals. This new support measure

The Competition and Markets Authority (CMA) has secured undertakings from nine companies that bought freeholds from leading housing developer Taylor Wimpey. A further four national developers – Crest Nicholson, Redrow, Miller Homes and Vistry – have also agreed to work with the companies who purchased their freeholds to remove doubling terms. The move will impact

HMRC consider a company to be non-active when the company has not yet become active or started trading. The company, whilst not yet active for CT purposes, can still conduct activities (known as 'pre-trading activities') or incur costs (known as 'pre-trading expenditure'). HMRC’s guidance states that set-up activities or expenditure that are not considered trading by HMRC

The new Prime Minister, Liz Truss has, as promised, sought to tackle the cost-of-living crisis in her first few days in office. She is the fourth Conservative Prime Minister to govern the UK in a little over six years. The government has seen many major changes over this time including Brexit, the corona pandemic and

The Insolvency Service continues to unearth individuals who applied for Bounce Back loans by inflating their turnover estimates or applying for loans when their company was not trading. In recent cases, five individuals have separately been made subject to bankruptcy restrictions totalling forty-eight years as the Insolvency Service continues to identify and tackle abuse of

Broadband bills could be cut for millions of low-income households under Government plans to encourage social tariffs.  A new service run by the Department for Work and Pensions (DWP), will allow internet service providers to verify – with customers’ permission – whether they are in receipt of a relevant benefit and therefore eligible for extra financial support.  The

The Scale-up visa came into force on 22 August 2022, and the government has now published new guidance for employers on sponsoring a worker under this new route.   The Scale-up route allows employers who are in a sustained period of high growth to recruit people to work in the UK in highly skilled roles

HMRC compliance checks are the standard system used by HMRC to inspect taxpayer records. Compliance checks into returns or other documents are conducted by HMRC to ensure that taxpayers are paying the right amount of tax. The compliance checks apply to both individual taxpayers and businesses. The factsheet titled Compliance checks: suspending penalties for careless inaccuracies

This assertion is attributed to a number of entrepreneurs in the 1900’s including Harry Gordon Selfridge. Ironically, in French, the phrase is translated as the customer is never wrong. In both cases the statement is clearly inaccurate. However, it points to something that is a key objective for all businesses which is to create and

The VAT Capital Goods Scheme (CGS) is a means of adjusting the initial VAT recovery in respect of certain assets over either a five-year or ten-year period. The scheme seeks to agree a fair and reasonable attribution of VAT to taxable supplies and non-taxable supplies relating to the use of an asset over its lifetime. The