SMEs rely on personal loans and salary sacrifices to patch up cash flow, research reveals
Nearly half of all UK small and medium-sized enterprises (SMEs) are being paid late, a report has revealed.Continue reading
HMRC cybercrime crack down yields impressive results
HM Revenue & Customs (HMRC) claims that a recently-introduced crack down on cybercrime has already reduced the number of ‘phishing scams’ purporting to be from the Revenue by 300 million.Continue reading
Plans to tackle tax avoidance highlighted in draft Finance Bill 2017
The Government has released a new draft of the Finance Bill 2017, which sets out proposals to use policies introduced during the Budget 2016 and Autumn Statement announcements support businesses through the tax system while simultaneously clamping down on tax evasion and avoidance.Continue reading
British business lags behind in research investment
British businesses are not willing to invest in UK research, claims Oxford University professor Louise Richardson, who has called for the situation to change.Continue reading
“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
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