It is believed that Chancellor Sajid Javid is set to scale back a tax break for entrepreneurs in next month’s Budget, amid concerns that entrepreneurs’ relief is overly generous to the ‘already wealthy’.
Darren Specterman Blog
The Scottish Highlands has become the first area in the UK to introduce a tourism tax on campers, with a £1-per-night levy being approved by Highland council.
An annual study has found that the introduction of technology has made it much easier for businesses to pay their taxes.
According to the findings of a recent survey involving 100 of the UK’s largest publicly quoted businesses, the UK’s largest firms contributed £85 billion in corporation tax last year, the ninth consecutive rise in the tax take.
Recent research shows that HM Revenue & Customs (HMRC) has raked in a lot of extra cash for the Treasury by chasing businesses for underpaid tax, collecting an extra £9.8 billion last year.
The latest figures from HM Revenue & Customs (HMRC) have revealed that a total of £4.3 billion of tax relief support was claimed by all sectors in 2017-18.
New figures from HM Revenue & Customs (HMRC) show that pensions tax relief will cost the Government almost £40 billion this year, which is an increase of more than £2 billion on last year.
Construction industry professionals have called for tax breaks to stimulate building across the UK after research found that industry figures fell from booming to record low levels in June.
The Confederation of British Industry (CBI) has urged the Government to “turbocharge” the current programme of research and development (R&D) tax credits to help the UK meet its R&D investment target by 2027.
More than 50 of the UK’s biggest retailers have written to Chancellor Sajid Javid urging him to “fix the broken business rates system”, citing the fact that one-tenth of high street shops are now vacant, which is the highest vacancy rate since 2015.