Small businesses in the creative and digital industries are an increasingly crucial part of the economy in the UK’s major cities, a new report has revealed. Continue reading
Monthly Archives: October 2015
HMRC set for 45 per cent tax on repayment interest
HM Revenue and Customs (HMRC) is set to charge corporation tax to 45 per cent on any interest it has to pay back to taxpayers who initially overpaid the amounts they owed. Continue reading
Heseltine faces backlash over redundancy comments
One of the Prime Minister’s economic advisors has courted controversy after claiming that it was “as good a time” as any to be made redundant.
0.5 per cent third quarter growth means UK economy is slowing
According to the most recent information from the Office for National Statistics (ONS), economic growth for the UK was at a rate of 0.5 per cent for the period from July to September. Continue reading
New trade deals ‘will bring in £20 billion’ for a Britain outside the EU, according to report
According to the Government’s business department, the nation’s income would be given a £20 billion boost if it were to leave the European Union (EU). Continue reading
Bank of England boss enters EU debate
Bank of England boss Mark Carney has weighed into the debate over whether Britain should remain a member of the European Union. Continue reading
ECJ ruling: Bitcoin is exempt from VAT
Today’s ruling at the European Court of Justice (ECJ) means that transactions involving bitcoin – the digital currency – will be exempt from value-added tax (VAT). Continue reading
Uber London tax row: Uber insists it has ‘paid every penny due’
Controversial US taxi firm Uber paid no corporation tax in the UK last year despite making £11 million (US$17 million) in revenue, accounts reveal. Continue reading
China boosts investments in UK
Chinese president Xi Jinping’s first official visit to the UK this week brought with it a number of investments. Continue reading
Concern over looming increase in business rates
High street businesses have been warned to expect a significant increase in their business rates in the months to come. Continue reading