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4 Mar 2024

The British Book Awards has announced its shortlist for Independent Bookshop of the Year. 

4 Mar 2024

The ACT is happy to confirm the date for Local Bike Shop Day 2024 as Saturday 4 May, the weekend of the early May Bank Holiday.

4 Mar 2024

Research by global fintech company SumUp has revealed the best cities in the UK for independent businesses.

21 Feb 2024

The latest quarterly State of the Industry survey from the National Hair & Beauty Federation (NHBF) shows that the recovery of the sector was slow and steady through 2023 and into January...

21 Feb 2024

The UK has voted for its favourite pun-based shop name, and 'Sew It Seams' - a clothing alteration store in Belfast - has been awarded the top spot. 

21 Feb 2024

Businesses in the Devon town of Ottery St Mary have praised their local council for initiatives designed to help support them and boost trade.

19 Feb 2024

A new ranking of the most popular independent coffee shops in the world has put three UK cafes in the top 10.

19 Feb 2024

Older people could be the financial shot in the arm needed for Britain’s high street, according to research commissioned by the University of Stirling. 

8 Feb 2024

The ACS (the Association of Convenience Stores) has celebrated the crucial role that rural shops play in thousands of communities across the UK in its 2024 Rural Shop Report.

8 Feb 2024

New research reveals that Apple Pay and contactless payments have overtaken cash payments by a landslide as our favourite ways to pay in-store.

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Calls to delay Making Tax Digital rejected

Posted on in Business News , Cycles News

national living wage

MTD is being introduced with the aim of reducing the tax gap and supporting businesses in providing them with an accurate overview of tax affairs.

The House of Lords Economic Affairs Committee sought out for a one year delay on the implementation of MTD, however, the government has rejected this proposal claiming that the change has already been delayed enough.

The Association of Convenience Stores (ACS) criticised the rejection by the government, saying that awareness and understanding of the change amongst small businesses still remain low with less than two months until MTD takes effect.

The HMRC are now considering the recommendations from the report submitted by the Committee here, and look to continually work closely with the business community, agents and developers to prepare for MTD.

If you want a refresher on what MTD is and a full guide there to support you, click here.

Read the full story on Talking Retail

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