Creative SMEs are a major boost to the economy

Small businesses in the creative and digital industries are an increasingly crucial part of the economy in the UK’s major cities, a new report has revealed.Continue reading→

HMRC set for 45 per cent tax on repayment interest

HM Revenue and Customs (HMRC) is set to charge corporation tax to 45 per cent on any interest it has to pay back to taxpayers who initially overpaid the amounts they owed.Continue reading→

Heseltine faces backlash over redundancy comments

One of the Prime Minister’s economic advisors has courted controversy after claiming that it was “as good a time” as any to be made redundant.

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0.5 per cent third quarter growth means UK economy is slowing

According to the most recent information from the Office for National Statistics (ONS), economic growth for the UK was at a rate of 0.5 per cent for the period from July to September.Continue reading→

New trade deals ‘will bring in £20 billion’ for a Britain outside the EU, according to report

According to the Government’s business department, the nation’s income would be given a £20 billion boost if it were to leave the European Union (EU).Continue reading→

Bank of England boss enters EU debate

Bank of England boss Mark Carney has weighed into the debate over whether Britain should remain a member of the European Union.Continue reading→

ECJ ruling: Bitcoin is exempt from VAT

Today’s ruling at the European Court of Justice (ECJ) means that transactions involving bitcoin – the digital currency – will be exempt from value-added tax (VAT).Continue reading→

Uber London tax row: Uber insists it has ‘paid every penny due’

Controversial US taxi firm Uber paid no corporation tax in the UK last year despite making £11 million (US$17 million) in revenue, accounts reveal.Continue reading→

China boosts investments in UK

Chinese president Xi Jinping’s first official visit to the UK this week brought with it a number of investments.Continue reading→

Concern over looming increase in business rates

High street businesses have been warned to expect a significant increase in their business rates in the months to come.Continue reading→