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UK economy will continue to grow despite global uncertainty, says report

Renewed concerns over a global slowdown are unlikely to derail Britain’s economy in 2016, a survey conducted by the National Institute of Economic and Social Research (NIESR) has revealed today.Continue reading

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HMRC Intercepts more than £96m fraudulent & incorrect claims as returns go digital

With tens of thousands turning to online tax returns and new tax payment technology, Her Majesty’s Revenue and Customs (HMRC) intercepted a staggering 17,000 unjustified repayment claims this year.Continue reading

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CBI Claims UK Economy growth ‘slowest since 2013’

According to the Confederation of British Industry (CBI), UK GDP grew at its slowest rate since mid-2013 in the three months to January of this year.Continue reading

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EU calls for closer co-operation to tackle tax avoidance

The European Commission has signalled it is ready to step up efforts to tackle tax avoidance.Continue reading

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TaxPayers’ Alliance calls for radical simplification of laws in light of Google scandal

Following the recent controversy over Google’s £130m tax back-payment to HM Revenue & Customs (HMRC), the TaxPayers’ Alliance (TPA) has called for a “radical simplification” of Britain’s tax laws.Continue reading

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Sugar tax needed in war on childhood obesity, says World Health Organisation

The World Health Organisation (WHO) has joined those calling for a “sugar tax” on soft drinks in a major report on childhood obesity.Continue reading

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Britain now a ‘cash-second’ economy as contactless payments rise 250% in one year

Visa Europe have labelled the UK a ‘cash-second’ economy, as the number of contactless card payments rose by a staggering 250% year-on-year in 2015.Continue reading

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Plans to turn tax returns digital scrapped in favour of new telephone submission

Small businesses will soon be granted the facility to file their tax returns over the telephone, following recent changes to the Government’s initiative to turn tax returns digital by 2020.Continue reading

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Warning over north/south divide in SME confidence

A new study by the Federation of Small Businesses (FSB) has revealed that confidence among smaller firms varies greatly in different areas of the UK.Continue reading

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Unemployment is down but wage growth remains a worry

Unemployment across the UK has fallen to its lowest level for more than a decade, new statistics have shown.Continue reading

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