Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year. Continue reading
Monthly Archives: January 2019
Services sector exports record numbers, report shows
The UK services sector has experienced a record year, increasing exports to regions all around the world. Continue reading
Businesses reminded to take steps to prepare for upcoming payroll changes
Business owners in the UK are being reminded to take sufficient measures to prepare their businesses for the upcoming changes to legislation regarding payroll, which will come into force on the 6 April 2019. Continue reading
Employment and overall wages hit record highs
In November, Britain saw the largest raise in overall real wages since September 2016, rising the spending power of the average British worker to the highest it has been in two years. Continue reading
HMRC wrongly issue fines before the self-assessment deadline
It has been revealed that Her Majesty’s Revenue & Customs (HMRC) has wrongly issued millions of fines to taxpayers, just weeks before the self-assessment deadline on the 31st January. Continue reading
Can you save more than £355 on this year’s self-assessment?
Self-employed taxpayers may be failing to claim on average £1,687 in tax-deductible expenses, a new report has revealed. Continue reading
HMRC shifting the “tax burden” onto UK consumers
Accounting experts have accused HMRC of shifting the “tax burden” onto UK consumers after finding that 21 per cent of their total income is accounted for by VAT. Continue reading
HMRC crackdown on online tax evasion in the UK
The Joint and Several Liability (JSL) notices, were introduced in 2016 to protect British businesses from being undercut by overseas sellers committing VAT evasion. Continue reading
ICAEW urging workers to not leave tax return until the last minute
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned self-employed workers not to leave their tax return “to the last minute”. Continue reading
Businesses to be named and shamed under proposed new late payment system
A newly proposed traffic light system could be used to put a spotlight on businesses with track records of late payments. Continue reading