What an online sales tax means for digital retailers
What an online sales tax means for digital retailers
Editor | 3 August 2020
Online retail
/
Sales tax
/
Business Rates
/
tax

Rishi Sunak is reportedly weighing up a new tax on goods sold over the internet as the Chancellor considers options to save the high street post-lockdown. But what would this mean for online sellers?

The plans could include a 2% levy on all online sales, which would raise £2bn per year for the exchequer, or an additional charge on deliveries.

The online sales tax is being considered as part of broader plans to support ‘bricks and mortar’ retailers in the aftermath of the coronavirus pandemic, particularly on business rates.

Read more
How the Budget will Affect Your Small Business
How the Budget will Affect Your Small Business
Editor | 17 March 2020
Budget
/
Small Business
/
Taxes
/
coronavirus
/
Business Rates

The latest budget statement contained some important takeaways for small business owners and freelancers.

Understandably given the circumstances, many of the announcements were made in response to the economic threat posed by the COVID 19 outbreak.

We’ve provided a handy summary of the most important announcements below.

Read more
Budget reaction from small business and sole-traders
Editor | 13 March 2017
Budget 2017
/
Philip Hammond
/
National Insurance
/
Business Rates
/
Dividend allowance

The Chancellor’s final Spring Budget was met with frustration from large portions of the business community, particularly freelancers and other small business owners concerned about the National Insurance tax hike.
But there were also some small crumbs of comfort for small businesses. Here is some of the important budget news and reaction.

Read more
Does my business qualify for coronavirus support?
Does my business qualify for coronavirus support?
Editor | 25 March 2020
coronavirus
/
Government support
/
businesses
/
Business Rates
/
Grants
/
Relief
/
Small Business
/
support
/
coronavirus support
/
government
/
SME
/
financial help

Does my business qualify for coronavirus support?

Disruption caused by the Covid-19 outbreak is causing havoc for businesses up and down the country.

To help them through this difficult time, the government has announced a broad package of support for companies. But the quick-fire announcements have caused some confusion in the business community.

Read more
Minimum Wage and National Living Wage increases The national living wage and the minimum wage will rise from April 2019. Over two million workers will see their pay increase next April, as the National Living Wage increases to £8.21 an hour. This is the hourly rate for those aged 25 or over and working in Britain The minimum wage for those aged 16-24 also will also increase, whilst the pay for apprentices will increase by 20p an hour.v
A Budget for Small Businesses? Chancellor’s Budget Assessed
Editor | 30 October 2018
Budget 2018
/
contractors
/
small businesses
/
Finances
/
Business Rates
/
ir35

Delivered by Chancellor Philip Hammond on Monday, the 2018 Budget had some important announcements for small businesses, contractors and freelancers.

The statement was welcomed by some business figureheads, but criticised by others. In this blog post, we unpack some of the key announcements and explain how they may affect your business finances.

Read more
Calls for tax reform ahead of Autumn Statement
Calls for tax reform ahead of Autumn Statement
Editor | 27 October 2016
Tax reform
/
Business Rates
/
sage one
/
Small business tax
/
Sales tax

With less than a month to go before the new Chancellor Phillip Hammond makes his first Autumn Statement, there is growing pressure on him to really get to grips with the tax system and make some radical changes to reinvigorate the post-Brexit economy.

One of the most recent calls for tax reform came from Sage, the business services company that made the popular Sage One cloud accountancy software.

Read more