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HMRC reveals the worst excuses for tardy tax returns

With the self-assessment deadline now just a few weeks away, officials at HM Revenue & Customs (HMRC) have revealed some of the more ludicrous excuses for failing to file returns on time.Continue reading

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Self-assessment tax return – don’t leave it until the 31st January deadline!

Approximately 11 million people have to submit a self-assessment tax return to HMRC before the 31st January deadline, including those who are self-employed, a company director or a partner in a business.Continue reading

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Pound plunges to five-year low as manufacturing performance worse than expected

Factory output in the UK has turned in its worst performance in more than two years, sending the pound to a five-and-a-half-year low against the dollar on Tuesday.Continue reading

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HMRC’s construction industry investigations collect a further £154m

According to recent reports, HMRC recorded a 17 per cent increase in tax takings from the construction industry in the 12 months to 31st March 2015.Continue reading

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Consultation reveals more details about Government’s stamp duty land tax change

Following the news that the current stamp duty land tax rules will be changing from 1st April this year, new guidance from a Government consultation has been released.Continue reading

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Economist fears Brexit would do real damage

Voting to quit the European Union would be “disastrous” for the UK economy, a leading economist has warned.Continue reading

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Christmas Day and New Year’s Eve saw record number of tax returns filed

According to HM Revenue and Customs (HMRC), the two most prominent dates of the festive season – 25th and 31st December – saw a record number of people submit their tax returns early.Continue reading

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UK services hit by looming Brexit vote and fiscal squeeze

The UK economy is likely to have expanded by a solid but “unexciting” 0.5 per cent in the final three months of last year after growth in the country’s dominant services sector dipped slightly in December, according to the research group that compiles the purchasing managers’ index surveys of activity.

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UK manufacturing growth continues but pace slows

While lending figures surged at the fastest rate recorded in ten years during the last month of 2015, the news was not quite as positive for Britain’s manufacturing sector, which recorded a decline in growth during the same period.

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CIPD: British wage increase ‘likely to disappoint’ this year

According to the Chartered Institute of Personnel and Development (CIPD), wage increases across the UK are expected to stick at the 2 per cent level for the rest of this year.

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