Nearly one in eight self-employed workers has been rejected for a mortgage
Almost one in eight self-employed workers has been rejected for a mortgage, despite earning more money, a report has revealed.Continue reading
Decrease in SDLT revenues, says HMRC data
Following ongoing property market reforms, HM Revenue & Customs (HMRC) has reported a 2.5 per cent decrease in Stamp Duty Land Tax (SDLT) revenues – which fell to £7.3billion in the 2015/16 financial year, according to reports.Continue reading
Study highlights “damaging effects” of NLW on SMEs
A new survey has suggested that a number of Small and Medium-sized Enterprises (SMEs) believe that the introduction of a new National Living Wage (NLW) has had “damaging effects” on their day-to-day operations.Continue reading
HMRC target retailers in tax evasion clamp down
HM Revenue & Customs (HMRC) will target small retailers as they begin their crackdown on backhand cash payments, a report has revealed.Continue reading
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
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