HMRC’s construction industry investigations collect a further £154m
According to recent reports, HMRC recorded a 17 per cent increase in tax takings from the construction industry in the 12 months to 31st March 2015.Continue reading
Consultation reveals more details about Government’s stamp duty land tax change
Following the news that the current stamp duty land tax rules will be changing from 1st April this year, new guidance from a Government consultation has been released.Continue reading
Economist fears Brexit would do real damage
Voting to quit the European Union would be “disastrous” for the UK economy, a leading economist has warned.Continue reading
Christmas Day and New Year’s Eve saw record number of tax returns filed
According to HM Revenue and Customs (HMRC), the two most prominent dates of the festive season – 25th and 31st December – saw a record number of people submit their tax returns early.Continue reading
UK services hit by looming Brexit vote and fiscal squeeze
The UK economy is likely to have expanded by a solid but “unexciting” 0.5 per cent in the final three months of last year after growth in the country’s dominant services sector dipped slightly in December, according to the research group that compiles the purchasing managers’ index surveys of activity.
UK manufacturing growth continues but pace slows
While lending figures surged at the fastest rate recorded in ten years during the last month of 2015, the news was not quite as positive for Britain’s manufacturing sector, which recorded a decline in growth during the same period.
CIPD: British wage increase ‘likely to disappoint’ this year
According to the Chartered Institute of Personnel and Development (CIPD), wage increases across the UK are expected to stick at the 2 per cent level for the rest of this year.
CBI: ‘UK retail sales rise during December but January forecast is weak’
While the overall rate of retail sales has gone up in Britain during the countdown to Christmas, performance was weaker than initial predictions had stated, according to the Confederation of British Industry (CBI).
Economic growth ‘could face barrier due to new living wage’
According to a recent study conducted by the Confederation of British Industry (CBI), the UK’s level of economic recovery could face barriers such as the higher costs employers will have to pay for the new national living wage.
Survey puts spotlight back on HMRC’s helpline
It would be fair to say that it’s been a turbulent year for HM Revenue & Customs (HMRC).Continue reading
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