Make December 31st end of tax year, says small business

A poll shows that 91% of small businesses want to move their tax year from April 6 to January 1, which is in line with other countries.

This will however, create longer deadlines to accommodate the change. Paul Falvey from The British Chambers of Commerce said, “Changing the tax year to December 31 is supported by businesses of all sizes and will be particularly helpful for those with international connections.”

For the full story, click here. 

Nationwide to pay £125 to existing members, who switch current account

Nationwide has followed in the footsteps of their competitors in persuade their customers to change their current account provider through cash incentives, with existing receiving a total of £125 and non excising customers £100 to move.

The rules needed to qualify for the money include- You have to switch through the Nationwide app and a minimum of two active direct debits must be added to the new account.

For more information, click here. 

Small businesses failing their HR staff

With the pandemic increasing the concerns people have in the workplace, many HR employees feel they haven’t been equipped for the ever growing changes.

Figures show that existing HR policies are not fit for purpose following a huge increase in pandemic concerns, with 92.6 per cent having to adapt HR policies. Many HR teams are spending most of their time updating company policies and recruitment admin.

Jonathan Richards, CEO at Breathe, commented: “The truth is that HR teams have been a badly-hit part of many businesses.

For the full story, click here. 

Have you delayed your customs declarations for imports from the EU?

If you’re a business that imports goods regularly, you can apply for a duty deferment account to delay paying most customs or tax charges.

You can also apply to delay paying duties on goods, released from an excise warehouse.

Who can apply

Anyone can apply for a duty deferment account to pay import duties in Great Britain.

Before you apply

You can apply for a guarantee waiver approval with your duty deferment account application. Find out more about guarantee waivers. Traders that are not established in the UK are not eligible for a guarantee waiver.

To find out more, click here.