The impact of HMRC’s taskforcesmurop
H.M.Revenue and Customs have released new figures showing that they have collected more than £200m in additional tax, following more than 80 taskforce inspections in the last three years.Continue reading
Author Archive: Muhammad Zia
SMEs recognise increasing importance of doing business abroad
A sizeable number of small and medium-sized businesses believe that half their revenue will come from overseas by 2019.Continue reading
UK’s self-employed call for more support from government
The Association for Independent Professionals and the Self-Employed (IPSE) have launched a petition asking for the government is not doing enough to help the 4.6 million people who are self-employed in the UK.Continue reading
Fresh criticism of mansion tax proposals
One of the Labour Party’s biggest backers has slammed Ed Miliband’s marquee policy to bring in a mansion tax on properties worth more than £2million.Continue reading
Many employers face penalties over pensions auto-enrolment
Despite more than 4 million firms already having signed up to auto-enrolment there is a growing concern that some firms are becoming complacent and could face hefty fines for failing to join up.Continue reading
Slowing Growth in UK Services Sector Suggests Recovery Losing Steam
The UK services sector hit a three-month low in September, potentially signalling the end of the UK’s growth spurt. The survey, released by Markit and the Chartered Institute of Purchasing & Supply (CIPS), shows that the purchasing managers’ index (PMI) dropped from 59.7 in August to a six-month low of 58.1 in September. Continue reading
SME Struggling Due to Late Payers
The culture of late payments is growing in the UK, according to Market Invoice, and small businesses owners are paying the price. Small companies without large capital contingency funds are struggling to balance the books, and are facing the dilemma of having to turn down additional work from large companies or begin the arduous process of legal action to reclaim missing revenue. Continue reading
SMEs take control of auto enrolment process, with help of expert advice
Britain’s small and medium sized businesses have said they feel they are ready for auto-enrolment and have taken help from experts to get them ready, according to a study from Barclays Corporate and Employer Solutions.Continue reading
UK Economy Surpasses Pre-Crisis Peak
The ONS has reported that the UK’s economy was 2.7% larger in the second quarter of this year than the pre-crisis peak. The findings were announced after the Office for National Statistics (ONS) completed the largest national accounts revision for a generation. Continue reading
HM Revenue & Customs given fresh powers to ‘raid’ pay packets
H.M.Revenue and Customs will soon be able to take up to £17,000 directly out of the pay packets of British workers who have underpaid tax – an increase of more than £14,000 on the current limit.Continue reading
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