Treasury scraps plans to abolish class 2 NICs

Class 2 national insurance contributions (NICs) will no longer be abolished in April 2019, the government has announced. The Treasury was originally set to scrap class 2 NICs, which are paid by self-employed people with profits of £6,205 or more a year, in April 2018....

HMRC approves 18 MTD software suppliers

HMRC has released a list of approved Making Tax Digital (MTD) software developers for VAT-registered businesses to use from next year. Businesses with annual taxable turnover of more than £85,000 will be required to maintain digital records for VAT and submit...

Small businesses get £8m tech boost

The government has revealed a new fund to support small business performance and productivity. As part of the government's long-term Industrial Strategy, the Business Basics Fund will provide £8 million to help small businesses adopt current technologies and...
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