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.
According to recent research, one third of UK small business owners have completely lost the motivation to run their company since starting up. Of those, one quarter experience this feeling several times a year.
Chancellor Philip Hammond described the economy as being “overshadowed” by Brexit, as official figures from the Office for National Statistics (ONS) reveal that the UK’s economic growth stalled at the end of 2018.
HM Revenue & Customs (HMRC) raises almost half of its tax investigation revenue through VAT probes, a new report has revealed.Details
HM Revenue & Customs (HMRC) has given charitable trusts an extra six months to fully comply with the forthcoming digital tax requirements for VAT returns.
New analysis based on HM Revenue & Customs’ (HMRC) data suggests that the loss of revenue from planned cuts to Corporation Tax could cost the Treasury billions more than previously thought.