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Monthly Archives: January 2015

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The hidden tax costs for smaller businesses

Posted on January 30, 2015 by admin
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UK businesses are paying up to £10bn in hidden tax costs a year with small and medium-sized enterprises (SMEs) bearing the majority of the burden. Continue reading →

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ICAEW’s concerns over HMRC communication

Posted on January 29, 2015 by admin
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As the self-assessment tax return deadline looms closer, a survey conducted by the ICAEW (Institute of Chartered Accountants in England and Wales) revealed that half of respondents did not believe there had been any change in the quality of services provided by HMRC, while 34 per cent felt services had deteriorated. Continue reading →

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Interest rates increase could be “sooner than people are expecting”.

Posted on January 28, 2015 by admin
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Interest rates could rise sooner than people expect if inflation takes a sudden hike, a top Bank of England policymaker has said. Continue reading →

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New fee structure for anti-money laundering payments

Posted on January 27, 2015 by admin
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The way HMRC charges fees to companies supervised under the Money Laundering Regulations is set to change following feedback from a recent consultation. Continue reading →

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Remittance proposals could see non-doms leave UK

Posted on January 26, 2015 by admin
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Non-domiciled residents are less likely to find the UK an attractive destination if recent government proposals are passed. Continue reading →

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Bid by Parliament to stop supply chain bullying

Posted on January 23, 2015 by admin
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For the first time the Federation of Small Businesses (FSB) has assembled a cross-party group of MPs to stop come companies enforcing “unfair and unreasonable” payment practises in the UK. Continue reading →

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Ex-HMRC employee jailed for tax credits deception

Posted on January 22, 2015 by admin
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A former HMRC employee – who fraudulently claimed over £86,000 in tax credits – has been jailed for eight months. Continue reading →

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Start-up scheme’s 25,000th loan

Posted on January 21, 2015 by admin
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The Government’s Start Up Loan scheme has approved its 25,000th business loan – taking the total amount lent to new firms to nearly £130 million. Continue reading →

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North/South divide continues to dominate Britain’s economy

Posted on January 20, 2015 by admin
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The UK economy remains greatly divided, with the chasm widening between the north and south of the country. Continue reading →

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Food and drink suppliers under threat from supermarket price war

Posted on January 19, 2015 by admin
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Small food and drink suppliers are struggling at the sharp-end of the supermarket price war in the UK with more than 100 likely to go bust by the end of the year, according to a new report. Continue reading →

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Recent Posts

  • IR35: Businesses are still not prepared for off-payroll working rules
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  • Self Assessment: thousands spread tax liabilities in response to coronavirus disruption
  • Self-Assessment: HMRC set to waive fines for late returns due to COVID-19
  • CJRS: Main changes to the extended scheme

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