“Two-tier” tax system is squeezing SMEs, say MPs
Ordinary taxpayers believe that a “two-tier” tax system is squeezing small and medium-sized enterprises (SMEs) while large companies and high net worth individuals (HNWIs) are getting away with not paying up, according to MPs.Continue reading
New details released for corporate reporting in 2017
The latest draft Finance Bill spills fresh details on corporate tax reporting in the new year.Continue reading
HMRC’s efforts to close the tax gap are “unclear”
The Public Accounts Committee (PAC) has said that the way HM Revenue & Customs (HMRC) has measured – and seeks to close – the tax gap remains unclear following the publication of its annual report.Continue reading
More than three quarters of start-ups profitable in first year of trading, says study
A new study suggests that more than three quarters (79 per cent) of UK start-ups have turned over a profit within their first year of trading, while a quarter claim that they have made a profit within their first one or two months.Continue reading
Making Tax Digital could lead to “catastrophic collapse” in customer service, say MPs
MPs from the Public Accounts Committee (PAC) have voiced concerns that the “looming threat” of Making Tax Digital (MTD) will result in a “catastrophic collapse” in customer service at HM Revenue & Customs (HMRC).Continue reading
SMEs are struggling to win business in the public sector, says study
A new study suggests that some 65 per cent of UK small and medium-sized enterprises (SMEs) are struggling to win business in the public sector.Continue reading
Lack of sleep costing UK economy up to £40 billion a year
Sleep deprived workers are costing the UK economy nearly £40 billion a year, a report has revealed.Continue reading
HMRC will be first Government department to crack down on ‘phishing scams’
HM Revenue & Customs (HMRC) will be the first Government department to crack down on so-called ‘phishing scams’, following reports of a rise in fraudulent emails purporting to be from the Revenue and tricking taxpayers into releasing sensitive information.Continue reading
Economic growth robust in third quarter, says ONS data
UK growth has remained robust since the European Union (EU) Referendum, according to new data from the Office for National Statistics (ONS), which confirms that gross domestic product (GDP) grew by 0.5 per cent between July and September.Continue reading
Self-employment on the rise, new figures show
Latest figures have revealed the growing popularity of self-employment among UK workers.Continue reading
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