According to HM Revenue & Customs (HMRC), the majority of claims for research and development (R&D) tax credits are from small and medium-sized enterprises (SMEs), but many firms are still missing out on the benefits they bring.
The latest official figures from the Office for National Statistics (ONS) show that retail sales rose by 0.4 per cent on the previous month in February, but sales at food stores had the biggest fall since December 2016.
Academy trust finances reviewed after claiming thousands in expenses for alcoholic drinks and hotels
An academy trust must undertake an independent review of financial management and governance after it was found that trustees had splashed out more than £2,500 in expenses on alcoholic drinks and expensive hotels.
Despite the uncertainty surrounding Brexit, biotech venture capital investment in the UK is at its highest level to date.
A recent Government report has concluded that tech giants do not face adequate competition and that the law needs to be updated to address what it describes as the challenges of ‘winner takes all’ platforms.
Many businesses seem unaware that, as of 6 April, more than a million small and medium-sized enterprises (SMEs) will be affected by the UK’s new Making Tax Digital (MTD) scheme.
According to Treasury Chief Secretary Liz Truss, Government ministers are risking the UK’s economic future by “pandering to big business” and ignoring start-ups. Therefore, she has asked for a review of the £20 billion given to big firms annually.
A number of influential education unions have urged the School Teachers’ Review Body (STRB) to recommend an immediate pay increase of five per cent for all teachers and leaders.
The Association of Car Fleet Operators (ACFO) has warned the Government to realign the company car tax regime, saying that, otherwise, the transition to Worldwide-Harmonised Light Vehicle Test Procedure (WLTP) could push more drivers to opt out into private vehicles that are more polluting.
Government plans dubbed ‘Project After’ will cut taxes and slash tariffs in the event of a no-deal Brexit in a bid to make the UK more competitive and “steal a march” on the European Union.