Businesses lose almost £93m to invoice scams

Businesses lost a total of £92.7 million in 2018 to scammers posing as their suppliers, according to a report from UK Finance. Invoice scams are a type of fraud in which criminals trick businesses into transferring money by posing as legitimate payees, such as a...

More landlords are changing business structure

Landlords with larger portfolios are increasingly moving to limited company status for new purchases, as restrictions to mortgage interest relief take effect. According to Precise Mortgages, 64% of landlords with more than four properties who plan to buy this year...

Firms told to guard against MTD complacency

VAT-registered businesses in the UK are being urged not to panic with little over a week to go until Making Tax Digital (MTD) comes into force. The warning comes from a joint digitalisation strategy working group that consists of members from the Association of...

‘Positive action’ needed for retail and hospitality

Businesses in retail and hospitality risk being left behind by the Government's Industrial Strategy, according to a report by the Business, Energy and Industrial Strategy (BEIS) committee. The committee said that while the Industrial Strategy has focused on support...