Insider – February 2017
SME borrowing set to rise in 2017
SME borrowing set to rise in 2017
The deadline to submit your online tax return for 2015/16 is no later than midnight on 31 January 2017.
Small businesses offered alternative route to finance
The pension reforms introduced by George Osborne could cost £5 billion and push house prices up in the long term, according to the Office for Budget Responsibility (OBR).
Businesses paid £44.4 billion in corporation tax in 2015/16, according to figures from HMRC.
Employers with 50 employees or fewer will have up to 100% of their apprenticeship training costs funded by the government.
A system to allow businesses to check and appeal business rates bills has been announced. The aim is to ensure that disputes are settled more promptly.
Businesses will need to submit their tax and financial information quarterly using software that's compatible with HMRC's systems.
Keeping people with significant control registers It is now a legal requirement for companies and limited liability partnerships (LLPs) to keep a people with significant control (PSC) register from 6 April 2016.
Many charities are unaware of their reporting obligations with 1 in 5 having submitted the wrong documents, according to research by the Charity Commission.