Report calls for greater backing for women running companies
A new report prepared by the Federation of Small Businesses (FSB) aims to shed light on the specific issues facing enterprises set up by women.Continue reading
ATT: Flawed HMRC guidance means SMEs are overpaying VAT
The UK Association of Taxation Technicians (ATT) has urged owners of small and medium sized businesses to act fast to ensure that they are not overpaying VAT.Continue reading
UK unemployment rises for first time since mid-2015
UK unemployment rose by 21,000 to 1.7 million between December and February, the Office for National Statistics (ONS) says. This is the first rise since the May-July period of last year.Continue reading
Investors can sidestep new landlord tax and still invest in buy to let, say P2P providers
George Osborne’s recent introduction of a second home tax has hit buy to let investors hard – but providers of peer-to-peer (P2P) property companies are urging would-be landlords that, with the right approach, they can still make lucrative investments without being zapped by the new charge.Continue reading
HMRC opens consultation into corporate tax evasion laws
In the wake of the so-called Panama Papers scandal, HM Revenue & Customs (HMRC) has launched a consultation into tax laws for corporate businesses, in a bid to crack down on tax evasion.Continue reading
Workers’ rights damaged by Brexit
Labour leader Jeremy Corbyn, who has been critical in the past of European Union intervention in UK matters, has warned that there could be a “bonfire of workers’ rights’ if the UK votes to leave the EU in the coming referendum.Continue reading
Only 8 per cent of Britons aware that ISA savings form part of their ‘taxable estate’
A recent survey has revealed that only 8 per cent of Britons are aware that ISA savings form part of a person’s ‘taxable estate’ under inheritance tax laws.Continue reading
Investment banks mislead clients and suppress competition, says watchdog
Investment banks should do more to encourage competition and fairer treatment of customers, Britain’s financial watchdog said, proposing changes to help firms to make informed choices about the banks they use.Continue reading
Only a quarter of internal tax collectors have faith in HMRC, says survey
An internal survey has revealed that only 25 per cent of tax collectors believe that HM Revenue & Customs (HMRC) is “managed well”, while only 34 per cent deem their senior managers’ behaviour to be “consistent with the organisation’s values”.Continue reading
Families made to repay tax credit overpayments could face ‘serious financial hardship’
The Low Income Tax Reform Group (LITRG) is ‘extremely concerned’ by the Government’s latest changes to tax credit overpayments – which will see families who have overpaid tax credits forced to repay the money at an accelerated rate.Continue reading
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