HMRC shakes up VAT rules for overseas online retailers
In a bid to crack down on value-added tax (VAT) avoidance, HM Revenue & Customs (HMRC) has amended VAT rules to fall in line with new laws for overseas online retailers.Continue reading
UK economy suffers from serious imbalance in liquidity
Cash reserves have ballooned over the last five years, but companies are not doing enough with their funds to drive the growth of the economy, a report has revealed.Continue reading
HMRC ‘premises raids’ have risen by more than half in five years
The number of ‘property raids’ or ‘premises raids’ undertaken by HM Revenue & Customs (HMRC) as part of criminal investigations into tax evasion have risen by more than half in the last five years, according to new reports.Continue reading
Five million UK taxpayers now using digital accounts, says HMRC
HM Revenue & Customs (HMRC) claims that as many as five million UK taxpayers have now started using personal digital tax accounts (PTA) in anticipation for Making Tax Digital (MTD).Continue reading
Company cars next in line for the salary sacrifice chopping block
Cash for car schemes will be the new focus of HM Revenue & Customs’ (HMRC) consultation on the future of salary sacrifice arrangements.Continue reading
UK SMEs investigating new business strategies
Two thirds of Britain’s Small and Medium-sized Enterprises (SMEs) say that they have investigated new business plans or strategies this summer, according to the latest research.Continue reading
HMRC push back Making Tax Digital for majority of SMEs
Jane Ellison MP, finance secretary to the Treasury, has confirmed that the roll-out date for Making Tax Digital (MTD) will be pushed back for the majority of businesses.Continue reading
OTS criticises controversial IR35 reforms
Controversial plans for an IR35 overhaul proposed by HM Revenue & Customs (HMRC) have come under fire from the Office for Tax Simplification (OTS), which is warning that such changes will overcomplicate the tax system.Continue reading
Studies reveal fall in SME confidence
A new survey carried out by Lloyds Bank has suggested that the confidence levels of Britain’s Small and Medium-sized Enterprises (SMEs) are falling, after it found that a large proportion of SMEs held back on investment plans this summer.Continue reading
BoE gives UK economy the green light
The Bank of England (BoE) has announced plans to upgrade its growth forecasts for the UK economy, a report has said.Continue reading
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