Small firms now face late PAYE information penalties
Employers with fewer than 50 staff will no longer be exempt from penalties in filing delayed PAYE information.Continue reading
UK growth forecast upgraded by CBI as prices continue to fall
The UK’s economic growth forecast for this year has been upgraded by the Confederation of British Industry (CBI), the business lobby group.Continue reading
Businesses urged to submit appeals against business rates before 1st April 2015
Businesses in England are being urged to submit a valid rates appeal before the Government’s deadline of 31st March 2015 for backdated revaluation claims (for commercial properties) has passed.Continue reading
New company name rules come into play
New legislation is now in force aiming to simplify requirements relating to company and limited liability partnership (LLP) names.Continue reading
R&D tax credits scheme provides tax deductions for savvy businesses
Under the R&D tax credit scheme, enhanced tax deductions are provided for certain expenditure on research and development (R&D) projects.Continue reading
Bank of England governor warns of reform fatigue
The Bank of England governor, Mark Carney, has said there is no room for complacency on the strength of the global banking system.Continue reading
HMRC to end £100 fines for late self-assessment tax returns
HM Revenue & Customs (HMRC) wants to change its rules on tax return penalties to ensure the system is fairer, meaning that hundreds of thousands of Britons who fail to complete the self-assessment form on time could escape a penalty.Continue reading
HMRC launches tax cheat crime map
As part of its recent clampdown on tax avoidance, HM Revenue and Customs (HMRC) has launched an online map showing the location of UK tax cheats along with their crime and sentence.Continue reading
UK spending squeeze to be bigger than ever – but there is good news too
The worst of Britain’s spending cuts are still to come, a new study has warned.Continue reading
Services sector sees strong start to the year
With restaurants, bars, hotels, IT, transport and hairdressers forming part of the services sector, which accounts for approximately 75 per cent of the UK economy, news that January marked the 25th consecutive month of growth in the sector has been welcomed.Continue reading
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