Longden & Co. Ltd

The process to open a company through Companies House is going to become harder as draft ID verification compliance rules are published.

The rules mean that in future potential business owners will have to follow much stricter requirements to prove their identity when setting up a company, which could stem the risk of fraudulent companies being created and rogue directors taking advantage of the system.

The latest development came after Companies House increased the cost of company registrations earlier this year.

Companies House: proposed ID verification explained Proposed amendments to the Companies Act 2006 introduce stringent identity verification for those setting up, running or controlling companies, in a bid to stamp out money laundering via fake identities.

PIP changes: Everything you need to know if you receive disability benefit.

PIP changes: Everything you need to know if you receive disability benefit The government is looking at changing who is eligible for PIP, how decisions on it are made and the method by which recipients are compensated.

HMRC is penalising pensioners for failing to pay tiny amounts of income tax they didn't realise they owed, warns pensions expert Ros Altmann.

HMRC fines pensioners for not paying tiny sums of tax they didn't know was due HM Revenue & Customs is penalising pensioners who have failed to pay income tax they didn't realise they owed, a top pensions expert warns.

An estimated 637,500 state pensioners are set to be hit with a stealth tax in 2024 to 2025 as the personal allowance threshold remains frozen, pushing more people into paying income tax.

Warning for 637,500 on state pension over surprise tax bill from this month HUNDREDS of thousands of state pensioners are set to be hit with a stealth tax from this month. An estimated 637,500 Brits will be pushed into paying income tax in 2024 to 2025. This is up from las…

The tax-free amount people can earn each year from dividends has been slashed by 90% since 2017-18.

Stealth tax raid on dividend payments to hit millions from this weekend The latest cut means the total tax free amount people can earn each year from the dividends paid on shares has been slashed by 90 percent since 2017-18.

Workers have been urged not to opt out of paying into their pensions as the increase in the National Living Wage will bring an unseen boost to pension contributions.

Thousands of Britons to get 'hidden' £37,200 pensions boost with pay increase Workers have been urged not to opt out of paying into their pensions.

The Bank of England left interest rates unchanged at 5.25% on Thursday arguing that, despite figures showing inflation had fallen to 3.4%, it needed to see more progress.

Bank of England holds interest rates again but Bailey says ‘things are moving in the right direction’ Andrew Bailey said inflation was “moving in the right direction” as policymakers voted to leave interest rates on hold again.

Two thirds of accountants say HMRC’s poor service is having a negative impact on business, with smaller firms feeling the largest impact, according to a survey by the ACCA.

Poor HMRC services are damaging small business, accounts say There has been a 14% increase in negative opinion towards HMRC, compared to October last year, according to the Association of Chartered Certified Accountants.

All the tax changes coming in April 2024.

All the tax changes coming in April 2024 If you're so inclined, compare this month's payslip to next month's to see if the tax taken out looks any different.

Impact of higher VAT threshold will be minimal for small firms.

Will it work? VAT cuts for small businesses Where Sam Fowles strips the politics from policies and asks if they solve the problem they’re supposed to. Today, raising the VAT threshold.

Companies House has announced new powers to clamp down on scammers using other people's names and addresses to file fraudulent companies.

Companies House clamps down on scammers stealing UK names and addresses The highly-anticipated changes will be the most significant in the UK’s central corporate register’s 180-year history, it said.

Banks placed on alert over ‘rogue’ Companies House filings.

Banks placed on alert over 'rogue' Companies House filings The trade association representing Britain's banks has told members that the UK corporate register is "urgently working" to probe hundreds of "erroneous" forms, Sky News learns.

The Financial Conduct Authority is planning to publicly name the companies it is investigating in order to deter firms from breaking the rules and encourage whistleblowers to come forward.

FCA under fire for 'sinister' plans to 'name and shame' firms City lawyers have launched a broadside on the Financial Conduct Authority today for what they call “sinister” plans to change enforcement.

The Public Accounts Committee has criticised HMRC, saying the tax office's customer service levels are at an 'all-time low'

HMRC customer service plummets to 'all-time low', say MPs A report by the Public Accounts Committee published today reveals how HMRC's service levels have continued to deteriorate over the past year.

The Government has issued new guidance around the use of fire and rehire practices.

What the UK's new fire and rehire rules could mean for businesses and employees New measures around the use of fire and rehire practices have been announced after companies sparked outrage with their use of the tactic.

Pension savers could potentially be left thousands of pounds worse off in retirement due to overlooking charges when transferring their funds.

Pension savers ‘risk losing thousands’ due to lack of transparency over charges People’s Partnership called for greater industry transparency to ensure savers understand key information when transferring their pension.

Failure to claim deductions for essential expenses for half of self-employed artists and musicians and less than a third use an accountant.

50% of self-employed musicians overpay tax Half of self-employed artists and musicians overpay taxes due to unclaimed deductions for essential expenses and less than a third use an accountant

Pension pots can be boosted by more than £17k through HMRC tax hack.

Pensions can be boosted by over £17,000 through 'little-known' HMRC tax hack Under HMRC rules, you can claim tax relief by contributing to your non-working partner's pension pot. Currently, you can contribute up to £2,880 per year which will give a tax relief boost of £720 to £3,600

UK Government announces review into controversial ‘Tourist Tax’.

UK Government announces review into controversial ‘Tourist Tax’ The end could be in sight for the UK Government's controversial decision to scrap VAT-free shopping ...

The Government has announced the formation of a Small Business Council and an update of the Help to Grow website to help small firms access the resources they need to expand.

Small business council will give firms ‘voice at the table’, Badenoch says The Government announced the new body for SMEs will launch next month.

New visa wage thresholds for foreign workers to come in ‘within weeks’.

New visa wage thresholds for foreign workers to come in ‘within weeks’ New visa wage thresholds for foreign workers coming to the UK are set to be enforced “within weeks”, the Home Office has confirmed.

Professionals looking to use their UK qualifications in overseas markets are being encouraged to apply for Government grants to help cover the costs involved in the process.

Grants help professionals secure recognition deals abroad Professionals keen to use their UK qualifications in overseas markets are being encouraged to apply for grants to help them negotiate deals with foreign counterparts.The government said it had

HMRC has warned that almost 4m people have yet to file their self-assessment tax return, despite the deadline being just a week away.

Almost 4 million people yet to file UK tax return due on 31 January HMRC issues ‘act now’ plea as deadline looms for self-assessment tax return with penalties for those who miss it

📆 The Self Assessment deadline is fast approaching.

File your tax return by 31 January to avoid any penalties.

Self Assessment tax returns Self Assessment tax returns - deadlines, who must send a tax return, penalties, corrections and returns for someone who has died.

The Post Office may be facing a £100m bill and insolvency after claiming tax relief for its compensation payments to sub-postmasters.

Post Office Scandal: Tax claim is 'unlawful' Tax expert Dan Neidle, the head of non-profit organisation Tax Policy Associates, tells Sky News the Post Office's claim could be 'unlawful'.