New research conducted by the ICAEW Business Advice Service has revealed the average turnover for a British business as £505,644.33. The findings are based on analyses from the BAS Business Heat Map, which monitors annual turnover of businesses according to the constituency in which they are placed.Continue reading
CBI, the Confederation of British Industry, has called for childcare subsidies and tax cuts for working families to help improve their living standards. The business lobby group said radical ideas are needed to raise standards for families and low-income workers.Continue reading
The UK’s tax gap, the difference between the amount due to H.M.Revenue and Custom (HMRC) and the amount it manages to collect, rose by £1billion between 2011-12 and 2012-13.Continue reading
Evidence has emerged that HMRC is taking a tougher approach to penalties that are levied on individuals found to be infringing regulation after a tax investigation. Continue reading
As many as one in five small to medium enterprises (SMEs) in the UK have shrunk over the last three months, according to Zurich’s latest quarterly SME Risk Index.Continue reading
New lenders flooding the market have led to a surge in the amount of money lent to SMEs, according to the National Association of Commercial Finance Brokers (NACFB), the trade body for finance brokers. Continue reading
UK manufacturing has grown at the fastest pace in three months, a recent report by the Markit UK manufacturing Purchasing Managers’ Index (PMI) has shown. Continue reading
Retail sales continue to enjoy monthly growth, despite an overall yearly slump hampering sales in particular sub-sectors. Continue reading
The UK has signed an agreement to crack down on tax evasion, along with 50 other countries. The agreement, which was made in Berlin, involves a pledge to pass on financial data freely, limiting the remaining loop holes available to tax dodgers.Continue reading
Concerns for a shortage of funding for SMEs amidst a stagnated lending market are growing, despite European syndicated loan volumes running at their highest level since 2007.Continue reading
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