UK businesses sending tax payments to incorrect HMRC bank account
Businesses across the UK and beyond have been unable to pay HM Revenue & Customs (HMRC) millions of pounds in corporation tax and VAT – after HMRC left them with the incorrect bank details to make their payments.Continue reading
Well-known businessman appointed to encourage young entrepreneurs
He’s hired! Lord Sugar has been appointed as the Government’s new “enterprise tsar”.Continue reading
HMRC reels in record-breaking £1.2bn in stamp duty
HM Revenue & Customs (HMRC) reeled in a record-breaking £1.2billion in Stamp Duty last month, from a total of 173,430 property transactions, according to the Taxman’s latest data.Continue reading
Customer service meltdown at HMRC cost taxpayers £97m
Difficulties getting hold of HM Revenue and Customs has cost the taxpayer the equivalent of nearly £100m and may have put some people at risk of debt.Continue reading
IEA accuses Oxfam of using Gift Aid to ‘escape tax liabilities’
The Institute of Economic Affairs (IEA) has accused leading charity Oxfam of using Gift Aid for tax avoidance, in a controversial online article which argued that using Gift Aid to transfer profits between subsidiaries was “an ingenious way to escape a tax liability”.Continue reading
UK dividends will continue to fall throughout 2016, says report
A new report has predicted that UK dividends will continue to fall over the course of 2016, after statistics revealed that dividends fell by five per cent in the first quarter of the year.Continue reading
Call for increased collaboration between universities and SMEs
A leading business group has said that SMEs and universities need to work more closely together to boost growth in the UK.Continue reading
Bank of England study says SDLT won’t stop long term buy to let trend
A survey conducted by the Bank of England has suggested that George Osborne’s Stamp Duty Land Tax (SDLT) is unlikely to quash demand for buy to let investments in the long term.Continue reading
UK unemployment drop is “modest” but still the lowest for a decade
The UK employment rate has reached another high as wages increase and women retire later.Continue reading
Barrister criticises HMRC over ‘unpredictable’ tax U-turns
HM Revenue & Customs (HMRC) has come under fire this week from a prominent barrister, who has criticised the taxman’s ‘unpredictable’ U-turns in tax rules as ‘arbitrary’ and ‘unfair’.Continue reading
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