UK SME s urged to prepare for VAT rule change
Businesses in the electronic services, broadcasting and telecoms sectors are being told to prepare for changes to EU VAT rules, which come into effect at the start of next year.Continue reading
ONS Says UK Continues to be a Manufacturing Nation
The manufacturing sector has provided some disappointing figures lately, suggesting a downturn in the industry impacted by poor economic growth throughout the Eurozone. But according to the Office of National Statistics (ONS), perceptions that manufacturing may be disappearing from the UK are wide of the mark. Continue reading
Stronger supply chains could boost UK economy by £30bn
A new report by the Confederation of British industry (CBI) has suggested that major investment in domestic supply chains could inject £30bn into the economy by 2025 – creating an additional 500,000 jobs.Continue reading
Lending to SMEs Falls by £400m
The amount of lending given to small businesses has dropped by £400m throughout the second quarter of this year, according to the latest Trends in Lending report from the Bank of England. Continue reading
Consumer Confidence Hits Highest Level in Three Years
According to the latest from the Deloitte Consumer Tracker, consumer confidence has hit its highest level in three years, brought on by falling prices in mainstream household items. Continue reading
Tax gap widens
The tax gap, which is the difference between the amount of tax due and the amount collected, was 6.8 per cent of tax liabilities, or £34 billion, in 2012 to 2013, according to H.M.Revenue and Customs (HMRC).Continue reading
Prime Minister signals support for cutting Inheritance Tax
Prime Minister David Cameron has said he supports reforming Inheritance Tax (IHT), arguing that the levy should only be paid by the richest in the land.Continue reading
UK Businesses welcome Cameron’s latest tax proposals
Members of the British business community have welcomed the latest tax promises made by Prime Minister David Cameron ahead of next year’s election in May.Continue reading
The impact of HMRC’s taskforcesmurop
H.M.Revenue and Customs have released new figures showing that they have collected more than £200m in additional tax, following more than 80 taskforce inspections in the last three years.Continue reading
SMEs recognise increasing importance of doing business abroad
A sizeable number of small and medium-sized businesses believe that half their revenue will come from overseas by 2019.Continue reading
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