Tax Changes Ahead: 5 Things Small Businesses Need to Know
Summary by Knowles Warwick
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Tax Changes Ahead: 5 Things Small Businesses Need to Know
The government recently announced a raft of 39 tax administration measures designed to simplify and modernise the UK tax system. While some are focused on HMRC’s internal systems, others are directly relevant to small business owners and employers — especially those dealing with payroll, VAT or employee benefits. Here are 5 key changes you should be aware of, and how they might affect your business. 1. Mandatory Payrolling of Benefits – Delaye…
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