A new YouGov poll has found that a third of UK VAT-registered businesses are not fully prepared for Making Tax Digital (MTD) for VAT, despite the 1 April 2019 deadline.
HM Revenue & Customs (HMRC) seized assets from 2,833 businesses in 2017 in a bid to claw back unpaid business tax. This was a 45 per cent increase on 2016/17 and a huge rise since 2014/15.
The Government has announced it will bring in new measures to stamp out crippling late payments to the UK’s small and medium-sized enterprises (SMEs) by large firms who “abuse their position in the market”.
A recent study has found that UK start-ups continued to get the lion’s share of venture capital (VC) cash in Europe, receiving £1.4 billion in the three months to September, compared with £1.31 billion in the same quarter last year.
A number of major school bodies have written to the Government warning it of the impact of significant real terms funding cuts to school budgets.
According to the Telegraph, the Government could start using the British Business Bank (BBB) to invest directly in tech start-ups as a way of competing against funding support offers from US firms, which are often boosted by wealth venture capitalists.
For the most promising UK start-ups, tens of millions of pounds of taxpayers’ money could be invested in them, as Britain races to create the next global tech giant.
New data from the Office for National Statistics (ONS) has revealed that business investment has fallen again in the second quarter of 2018.
HSBC UK is launching a £12 billion lending fund for small medium-sized enterprises (SMEs) across the UK.
Two in five businesses about to be affected by Making Tax Digital (MTD) for VAT are not aware of its requirements, a new study has revealed.