If your business accepts debit and credit card payments, it is possible to miss payments off your return. How might a new disclosure facility help? HMRC has introduced a new Card Transaction System Programme that allows businesses which accept card payments that have not declared all transactions on their VAT return to disclose them and take advantage of the best possible terms. This may mean that no penalty is applied to underpaid tax - and even if there is, it is likely to

Watch a queue of shoppers for a minute and they will be preparing to pay in very different ways. Some will pull out a debit or credit card ready to put in a reader. Others might use their smartphone to complete their purchase, the rest will be paying in cash. The group using notes and coins is still significant but their numbers are starting to dwindle, particularly among the young. That spells trouble for the operators of cash machines. Time then for a reinvention of the hum