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SMEs see productivity boost from MTD

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Analysis from Intuit QuickBooks shows that HMRC’s Making Tax Digital (MTD) has helped small businesses generate over £815m in productivity gains in the six months since its enactment. The figures show that almost a third of small businesses have adopted new digital services or products since becoming MTD compliant....

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Apple faces fine from French watchdog

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Apple has revealed that it faces a potential fine from France’s Autorité de la Concurrence for allegedly breaking competition law, with it claimed that the tech firm’s sales and distribution operations in the country are anticompetitive. The authority issued Apple with the claims in June, with the firm rejecting...

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Late payments costing SMEs £51.5bn

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Late payments are costing SMEs an estimated £51.5bn (€56.7bn), according to research from Hitachi Capital UK. A survey of 1,000 SME owners found that almost a third of SMEs (31%) have experienced late payments costing their business at least £10,000 in the last 12 months. The study found that...

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Car production drops in July

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Figures from the Society of Motor Manufacturers and Traders (SMMT) show a 10% production decline at British car plants in July. In the year to date factories have produced 180,000 fewer cars, at 955,000, meaning that Britain’s car factories workers are producing 26,000 fewer cars a month. “It’s a very...

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HMRC to enrol firms for export licences

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The Treasury says HMRC will auto enrol VAT-registered small businesses for Economic Operators Registration and Identification export licences to the EU so they can present the vital paperwork at border control, with concern previously raised that large numbers of firms had not applied for the documentation that will be...

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Sainsbury’s strongest among ‘big four’

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Sainsbury’s put in its strongest performance since November 2017 in the last quarter, and the strongest performance of all the big four grocers, according to fresh data, but still saw its market share slip 0.6% over the period. Morrisons recorded the biggest fall in sales, of 2.7%, followed by...

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