VAT receipts rise to record £133 billion

The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors.Continue reading→

Two in five small businesses run by millennials, research reveals

Almost two in five small businesses in the UK are run by millennials, a major new study has revealed.Continue reading→

Fall in number of arrests for tax evasion

According to industry figures, the number of people arrested in the UK on suspicion of tax evasion has reached the lowest level for five years.Continue reading→

IR35: HMRC loses £243,000 tax case

HM Revenue & Customs (HMRC) has lost a case against an IT Consultant that the tax body deemed liable for £243,000 in tax under the IR35 rules.Continue reading→

A tax guide for SMEs

According to accounting software provider, QuickBooks, over 50 per cent of UK small and medium-sized enterprise (SME) owners have made a mistake when filing their VAT returns, while just a quarter (25 per cent) feel confident that they have filed their VAT accurately.Continue reading→

How to avoid tax scams this Christmas

Did you know that last year, HM Revenue & Customs (HMRC) received almost 900,000 reports from the public about suspicious calls, texts and emails?Continue reading→

Majority of employees uncomfortable discussing finances at work

According to the latest research, two-thirds of employees do not feel comfortable talking about their finances at work, despite more than a fifth of people struggling to make ends meet.Continue reading→

Business owners hit by flooding granted “immediate relief” from business rates

Business owners hit by recent flooding will have “immediate relief” on their business rates, it has been announced.Continue reading→

Millions at risk of being left behind by a cashless society

According to the latest research, cash usage is declining throughout the world, with credit/debit cards, bank transfers and eWallets becoming the most popular method of payment during the last year.

Continue reading→

UK businesses could lose £195 million per day in workplace productivity

According to new research, the UK economy could lose £195 million per day in wages because employees are spending an average of 1 hour 24 minutes every day being unproductive.Continue reading→