HMRC’s new penalty regime for late filing and late payments of VAT will be fairer but more complex with interest being charged on all late payments. Alan Pearce, VAT partner at the Blick Rothenberg, said : “HMRC is introducing a new penalty regime for late filing and late payments of VAT for returns commencing on or after 1 January 2023. Which all ...

If you’ve been waiting ages for an online order to arrive, you’re not alone. Companies including ASOS, H&M and JD Sports have been getting hundreds of tweets asking: “Where’s my stuff?”A lot of anger seems to be aimed at courier Evri, with some complaining of packages stuck at depots for a week or more. It says it’s delivering more than ...

Ulster University economists expect the Northern Ireland economy to shrink next year, followed by a weak recovery in 2024. The Ulster University Economic Policy Centre (UUEPC) estimates that output will fall by 1.2% in 2023.The forecast for 2024 is growth of 1.7%, with a similar outlook for the UK as a whole. It also suggests that the Bank of England ...

The number of people working in programming and computer consultancy has risen by more than 250,000 workers over the past decade, according to Census data. There were an extra 274,000 people who worked in the industry in 2021 compared to 2011, Office for National Statistics (ONS) data showed.At the same time, traditional industries such as manufacturing, print and reproduction, and ...

Chancellor Jeremy Hunt will launch a major reform of the UK’s financial sector, with plans to rip up red tape and replace a number of EU regulations. Mr Hunt said the changes, to be announced in Edinburgh later, will “turbocharge” growth as the country struggles with a sluggish economy and a cost of living crisis.He said: “This country’s financial services ...

Holiday bookings for three-star destinations are starting to drop as households hit by the cost of living crisis cut back amid rising bills, according to the travel company On the Beach. The online travel retailer said that while premium bookings by customers with deeper pockets were proving “resilient”, holidaymakers who traditionally would book cheaper trips had been forced to rein ...

Pubs and restaurants have suffered a collapse in Christmas party bookings due to next week’s UK rail strikes. Industry chiefs suggest the plunge is as bad as last year when cases of the Omicron variant of Covid-19 were surging, which hit hospitality firms in the run up to last Christmas.Kate Nicholls, chief executive officer of the trade body UKHospitality, said ...

Meta Platforms has decided not to occupy part of its recently developed European HQ in Dublin and will instead sublet some of the site. In 2018 the social media giant signed a 25-year lease on Fibonacci Square, a 375,000 sq ft office in Ballsbridge.Now Meta has instructed its agent, Cushman & Wakefield, to sublet all four of the newly developed ...

Hundreds of soldiers have been told their Christmas leave is cancelled for the second year in a row after they were drafted in to replace striking Border Force guards. Troops who served on Covid wards during the Omicron wave last year are being asked to fill in at airports. The Public and Commercial Services Union (PCS) has announced strikes among ...

Have you noticed more and more online courses becoming available to you but don’t know why? Do you want to learn more about these online courses and how they are becoming the future of business education? The business world is constantly evolving, and if you want to stay ahead of the curve, you need to ensure that you are keeping ...