The Office of Tax Simplification (OTS) has set out plans to produce a review of VAT – a tax which many call too complicated and an obstacle to expansion.
A new study has revealed the UK’s top business sectors in terms of small and medium-sized enterprise (SME) growth.
Opposition-led calls for a “tax on robots” have been shut down by a new report, which highlights the potential for growth and productivity by adding even more robots to the workforce.
On Thursday 2 November, the Bank of England (BoE) voted by a majority of seven to two to increase interest rates by a small, but significant 0.25 per cent – the first rise in more than a decade.
The Low Incomes Tax Reforms Group (LITRG) has urged the tax authority to publicise the new income allowances when they come into force to prevent confusions as to who is supposed to register for self-assessment.
The Information Commissioner’s Office (ICO) has confirmed that it will launch a specialist telephone service to help small businesses get to grips with the upcoming General Data Protection Regulation (GDPR).
Over the last 18 months, a team of fraudsters have managed to sell a total of 21 properties for some £700,000 – unbeknown to the actual owner, Severn Trent Water. The gang of four were found guilty this month after a long-running investigation. While property fraud is rare, it does happen, and when it does, […]
A ruling by the European Court of Justice (ECJ) could mean that UK farmers who were incorrectly removed from a VAT simplification scheme may be entitled to a repayment of VAT or compensation from HM Revenue & Customs (HMRC).
A cyber security expert has warned about a new breed of “phishing” emails, designed to trick taxpayers into downloading malicious software.
The Federation of Small Businesses (FSB) and the Confederation of British Industry (CBI) have called on Chancellor Philip Hammond to support Britain’s small and medium-sized enterprises (SMEs) in the upcoming Autumn Budget announcements.