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
The hidden tax costs for smaller businesses
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Monthly Archives: January 2015
ICAEW’s concerns over HMRC communication
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
Interest rates increase could be “sooner than people are expecting”.
Interest rates could rise sooner than people expect if inflation takes a sudden hike, a top Bank of England policymaker has said. Continue reading
New fee structure for anti-money laundering payments
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
Remittance proposals could see non-doms leave UK
Non-domiciled residents are less likely to find the UK an attractive destination if recent government proposals are passed. Continue reading
Bid by Parliament to stop supply chain bullying
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
Ex-HMRC employee jailed for tax credits deception
A former HMRC employee – who fraudulently claimed over £86,000 in tax credits – has been jailed for eight months. Continue reading
Start-up scheme’s 25,000th loan
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
North/South divide continues to dominate Britain’s economy
The UK economy remains greatly divided, with the chasm widening between the north and south of the country. Continue reading
Food and drink suppliers under threat from supermarket price war
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