Total value of UK exports reach “record high” despite global headwinds
The total value of UK goods and services exports increased by four per cent in 2019, a new report has revealed.Continue reading
Managing business expenses is the biggest headache for SMEs
According to the latest research, managing travel costs and business expenses are the two biggest headaches for businesses in the UK.Continue reading
HMRC publishes Making Tax Digital ‘Mythbusters’ helpsheet
HM Revenue & Customs (HMRC) has published a Making Tax Digital (MTD) ‘Mythbusters’ helpsheet to clarify the current situation regarding businesses and MTD.Continue reading
Could the IHT seven-year rule on gifts be cut to five?
At present, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40 per cent must be paid.Continue reading
Political uncertainty continues to stunt growth among small business community
More than seven in 10 small businesses have held back on investment while Brexit uncertainty continues to loom overhead, a new study has revealed.Continue reading
Over 800 cyber incidents reported to FCA by financial firms last year
According to new data obtained via a freedom of information request, financial services firms reported 819 cyber incidents to the Financial Conduct Authority (FCA) during 2018.Continue reading
Making Tax Digital – important updates
The VAT notice for Making Tax Digital (MTD) has been updated, relaxing the rules to help clients.Continue reading
HMRC issue incorrect CGT allowance to thousands of taxpayers
HM Revenue and Customs (HMRC) has recently issued nearly 350,000 incorrect short tax returns, indicating an error in taxpayers’ capital gains allowance.Continue reading
A quarter of major defaulters on HMRC list are in the restaurant and takeaway industry
A quarter of the cases on HM Revenue & Customs’ (HMRC) list of major defaulters are from the restaurant and takeaway sector, according to the latest data.Continue reading
Drunk people in the workplace cost UK economy £1.4 billion a year
New research has revealed that as many as 89,000 people are turning up to work hungover or under the influence of alcohol every day, costing the economy around £1.4 billion a year.Continue reading
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