HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MORECryptocurrency accepted by more accountancy firms, boosted by blockchain tech
Capitalising on the renewed interest in cryptocurrency, mid-tier firm BKL, which has locations in both London and Cambridge, will begin using BitPay to process payments.
To avoid price volatility, customers will be invoiced with a fiat value, with the option to either pay in bitcoin or bitcoin cash. With the conversion rate frozen for 15 minutes, customers know exactly how much they are paying, rather than finding out the final total after the transaction has occurred.
Read more at Accountancy Age.
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NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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