UK risks overseas investment through high property tax
The UK ranks outside the top 10 for property tax, and risks reducing its attractiveness to overseas investors by charging higher purchase taxes than its main competitors, a study has found. In total,...
View ArticlePrime Minister and HMRC to battle tax avoidance and publicise fraud
Newly appointed Prime Minister Theresa May has ordered officials in the Government’s “policy unit” to draw up additional plans to crackdown on offshore tax havens and corporate tax avoidance. The news...
View ArticleOne in four not seeking official advice when taking early pension
Over £6 billion has been paid out from pension savings since last year’s freedom and choice reform, but less than a quarter of Britons are seeking advice before withdrawing, a HMRC report has revealed....
View ArticleHMRC fails to commit to publication date for MTD consultation
A long-awaited consultation document intended to assess the impact of Making Tax Digital (MTD) has been postponed for a third time, after HM Revenue & Customs (HMRC) announced today that a date is...
View ArticleUK SMEs ‘more resilient’ in some regions than others, says study
A study of Small and Medium-sized Enterprises (SMEs) across the UK has found that firms in certain geographical areas have a tendency to be more resilient than others within their first five years of...
View ArticlePublic sector to be abandoned after IR35 reform
A staggering 80 per cent of contractors plan on abandoning the public sector if the proposed IR35 reforms go ahead, research reveals. Four in five contractors had said they would turn down an...
View ArticleBritish businesses increasingly losing revenue as a result of cyber-attacks,...
Businesses across four countries, including the UK, are increasingly losing revenue as a result of cyber-attacks, according to a new study. Research from IT security group Malwarebytes found that, in...
View ArticleInterest rate cut to offer mortgage bonus
For the first time in over seven years, the Bank of England (BoE) has cut interest rates to a record low of 0.25 per cent in a bid to bolster the economy, but how it will it affect mortgage holders?...
View ArticleIT contractors will ‘turn their back’ on public sector if IR35 changes are...
90 per cent of IT contractors in the UK will ‘turn their backs’ on the public sector if controversial reforms to IR35 are implemented by HM Revenue & Customs (HMRC), according to a new study. The...
View ArticleSelf-employment skills and enterprise advice neglected by UK education...
Young people across the UK are not receiving adequate training, education and information on the benefits of, and skills required for, self-employment and enterprising, according to a membership body....
View ArticleHMRC claims online tax accounts now have 3.5 million users
Approximately 3.5 million people now use HM Revenue and Customs’ (HMRC) online personal tax accounts, claims a report. Having had just one million users in April, the report boasts a successful uptake...
View ArticleSMEs could save cash by better engaging with UK banking market, says study
Small and Medium-sized Enterprises (SMEs) are “not engaged enough in the banking market” and could be paying more than necessary for their account, according to a new report examining the current and...
View ArticleBenefits-in-kind set for tax overhaul
HM Revenue and Customs (HMRC) are to discuss changes to the salary sacrifice and “making good” aspect of benefits-in-kind for both employers and employees. The government are considering a move to...
View ArticleCalls to increase apprenticeship support and incentives for SMEs
A report published by the National Federation of Self Employed & Small Businesses (FSB) has suggested that, under increased Government support, UK businesses could deliver approximately 1 million...
View ArticleBusinesses able to submit ‘voluntary’ tax payments under HMRC’s ‘PAYG’ proposals
Sole traders, landlords and unincorporated businesses will be able to submit ‘voluntary’ tax payments towards unexpected tax liabilities, under new proposals from HM Revenue & Customs (HMRC). The...
View ArticleNo slowdown in SMEs, figures show
After a rush to seize post-Brexit trading opportunities, business for small and medium enterprises (SMEs) is on the rise, reports reveal. Figures from the National Association of Commercial Finance...
View ArticleSMEs continually disappointed by HMRC
The services offered by HM Revenue & Customs (HMRC) are either ‘bad’ or ‘very bad’, according to a survey of Small and Medium-sized Enterprises (SMEs). Earlier this week, a study carried out by...
View ArticleUK economy now worth £8.8 trillion
The UK economy is now worth £8.8 trillion, report the Office for National Statistics (ONS). This is the measure of UK economic activity, including production, distribution, consumption and trade of...
View ArticlePensioners charged 30 pence on the pound by the tax man
The average retired household has a tax bill of over £7,000, research reveals. The latest figures show that pensioners paid out more than £51 billion – or £7,000 per household – in tax in 2014 – 2015,...
View ArticleSMEs want access to single market
Access to the European Union’s (EU) single market is a priority for SMEs, a survey has revealed. Of the 566 SMEs surveyed, two-thirds believe that the Government should focus on maintaining access to...
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