Local councils poised to lose millions in VAT battle
Local authorities are set to lose millions if a judicial review on Monday rules that commercial waste collections by councils should remain exempt from VAT.Continue reading
Business chiefs press Chancellor for bolder changes
A coalition of groups – who together represent more than 100,000 retailers and other enterprises nationwide – have called for the Government to ease the business rates burden.Continue reading
Report assesses the impact of the National Living Wage
New research conducted by an influential think tank has shed light on how UK companies have coped following the introduction of the new National Living Wage earlier this year.Continue reading
Tax investigations into SMEs net HMRC £540m in five years
Over the past five years, HM Revenue & Customs (HMRC) has reeled in a staggering £540million from its investigations into Small and Medium Enterprises (SMEs), according to a new report.Continue reading
HMRC warns landlords against ‘illegal’ stamp duty schemes
Illegal tax schemes which allow landlords to avoid a recently introduced Stamp Duty Land Tax (SDLT) surcharge are on the rise – and HM Revenue & Customs (HMRC) has issued a warning, advising investors to steer clear.Continue reading
Bank of England releases £150bn of new lending in bid for buoyant economy
The Bank of England (BoE) has released up to £150billion of new lending to businesses and individuals across the UK – which many believe could pave the way for cheaper mortgages and a potential drop in interest rates.Continue reading
Brexit vote’s impact on payroll uncertain, but ‘business as usual’ for now, says CIPP
The UK’s decision to leave the European Union (EU) will undoubtedly result in significant changes to the payroll profession. But, at this stage, it is impossible to predict what these will be – or what impact they will have, according to the Chartered Institute of Payroll Professionals (CIPP).Continue reading
British SMEs must sink or swim, says study
UK small and medium enterprises (SMEs) fear closure within five years, unless they actively make plans to adapt, expand and keep up with their competitors, says a new study.Continue reading
Pound recovers from historic 31-year low
British sterling is now up against the dollar at nearly $1.35, following an ongoing recovery from an historic 31-year low recorded earlier this week.Continue reading
Shake-up at Companies House
British firms will face a number of shake-ups with Companies House from 30 June 2016, as the new ‘Confirmation Statement’ and ‘PSC Register’ changes take hold.Continue reading
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