SMEs want more support from Government
New research suggests that the vast majority of business decision makers believe that the Government should do more to support the nation’s small and medium-sized enterprises (SMEs).Continue reading
How will the interest rate rise affect you?
On Thursday 2 November, the Bank of England (BoE) voted by a majority of seven to two to increase interest rates by a small, but significant 0.25 per cent – the first rise in more than a decade.Continue reading
SMEs increasingly likely to be targeted by HMRC investigations, data reveals
A new study suggests that small and medium-sized enterprises (SMEs) are growing increasingly likely to be targeted by tax enquiries led by HM Revenue & Customs (HMRC).Continue reading
HMRC repays £36.8 million in overpaid tax on pensions
HM Revenue & Customs (HMRC) has repaid £36.8 million in overpaid tax on pensions in the three months to September 2017, figures reveal.Continue reading
Treasury to consider extending controversial IR35 rules
Concerns are mounting that many self-employed freelancers could be hit by a new tax crackdown, after the Treasury announced it was considering extending HM Revenue & Customs’ (HMRC) new off-payroll rules to the private sector.Continue reading
Chancellor’s spending and deficit ‘dilemma’
The Institute for Fiscal Studies (IFS) has voiced concerns that the Chancellor Philip Hammond may have to scrap his planned target of eliminating the UK’s deficit by the mid-2020s if he wants to increase public spending.Continue reading
Taxpayers told to be wary of new trading and property allowance
The Low Incomes Tax Reforms Group (LITRG) has urged the tax authority to publicise the new income allowances when they come into force to prevent confusions as to who is supposed to register for self-assessment.Continue reading
Economic growth exceeds expectations in third quarter
Official figures have revealed that UK economic growth exceeded expectations in the third quarter (Q3) of 2017.Continue reading
Property fraud – how to prevent it
Over the last 18 months, a team of fraudsters have managed to sell a total of 21 properties for some £700,000 – unbeknown to the actual owner, Severn Trent Water.Continue reading
Hammond urged to freeze business rates in Autumn Budget
Chancellor Philip Hammond has been urged to consider important reforms to business rates ahead of the upcoming Autumn Budget on 22 November.Continue reading
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