Upward trend in total UK tax revenue over past five years, says NAO report
HM Revenue & Customs (HMRC) raised £536.8billion in the 2015/16 financial year, according to a performance summary carried out by the National Audit Office (NAO).Continue reading
BoE to restore deposit protection limit to £85,000
The maximum compensation payable to savers if their bank collapses is to return to its previous limit of £85,000, a report has said.Continue reading
SMEs could be unfairly penalised by proposed changes to business rates
Government plans to prevent businesses from appealing incorrect business rates calculations have been dubbed ‘wildly unfair’ for small and medium-sized enterprises (SMEs) by a number of trade bodies.Continue reading
Landlords will struggle to come to terms with Making Tax Digital, says RLA
The Residential Landlords Association (RLA) has issued a warning to private landlords over Making Tax Digital (MTD), after a study revealed that the average buy-to-let investor “lacks confidence with digital technology”.Continue reading
UK SMEs plan to reduce costs in 2017, survey reveals
The majority of UK small and medium-sized enterprises (SMEs) will be prioritising reducing costs in the New Year, a study has found.Continue reading
Freedom of Information request reveals rise in HMRC complaints
A Freedom of Information request has revealed that HM Revenue & Customs (HMRC) received a record number of complaints in the 2015/16 financial year – almost topping figures recorded during the financial crisis.Continue reading
Consumer spending peaks at six-month high in October
Consumer spending reached a six-month high in October as high street shops and restaurants report continued profits in the run-up to Christmas.Continue reading
Government should take ‘primary responsibility’ for Making Tax Digital, says ATT
The Government has been urged to take ‘primary responsibility’ for Making Tax Digital (MTD) in terms of raising awareness of potential cyber-crime and assisting Small and Medium-sized Enterprises (SMEs) with clearer compliance information.Continue reading
Autumn Statement should aim to introduce “moderate fiscal stimulus package”
Trade bodies are calling upon Chancellor Philip Hammond to use his forthcoming Autumn Statement to introduce a “moderate fiscal stimulus package” to boost growth in the manufacturing sector.Continue reading
Two-thirds of SMEs are using technology to grow their business
UK SMEs are actively investing in digital technologies to increase their revenues and gain new customers, a study has revealed.Continue reading
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