Powers to tackle PAYE dodgers come into force
HMRC will soon be able to require employers to pay a security where there is serious risk that they won’t pay their PAYE tax deductions or NICs.
The powers will come into force from April and are an extension of an initiative that has already been successfully used for VAT, insurance premium tax and environmental taxes.
Taxman to target builders and home delivery tax cheats
Home-improvement tradespeople such as roofers, bricklayers and carpenters, and people who make money from hand-delivered home catalogues are to be targeted by the taxman in the latest campaigns against tax evasion.
More than half of UK SMEs have increased their budget for the coming year
The outlook for UK small business looks positive, with 54% of UK small business increasing this year’s budget from last year, according to new research.
The survey, commissioned by Iconnyx, was conducted among heads of 100 UK small businesses and revealed that for 79% of respondents the economic forecasts for 2012 had not affected their budget.
Small firms urged to be more assertive over late payment
Small business owners around the UK need to be more assertive when it comes to chasing down late payments from their suppliers.
That is according to Business and Enterprise Minister Mark Prisk, who has called on businesses to boost the coalition's prompt payment drive.
Other small business news you may have missed
- Diamond to meet Merlin lending target
- SME winding-up costs to rise as tax concession tightened
- Web hosting guide for SMEs
- A peek inside Europe's newest startup accelerator
- Were entrepreneurs created during the SuperBowl ad break?
- UK bank lending to shrink in 2012, says Item Club
Has any of this week’s news inspired, enraged or even amused you? Let us know what you think.
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