According to the Confederation of British Industry (CBI), the overall business tax contribution in the UK in 2017/18 was £186 billion. This reveals that business taxes have been increasing faster than other taxes.
Innovative start-ups are being urged to enter the WeWork Creator awards, which aim to reward new businesses, entrepreneurs and artists who are thinking in new ways and creating real change. There is a substantial prize up for grabs, offering between $130,000 (just over £100,900) and $360,000 (just over £279,415).
Making Tax Digital (MTD) for VAT is just around the corner, with HM Revenue & Customs (HMRC) on track to introduce it from April next year.
Making Tax Digital (MTD) needs to be delayed to give uncertain businesses more time to prepare, the British Chambers of Commerce (BCC) has warned.
HM Revenue & Customs (HMRC) has recently published a brief on the VAT liability of bicarbonate of soda stating that it qualifies as a zero-rated food ingredient, even though the Revenue had previously argued that it should be standard-rated as a ‘product with multiple uses’.
Operating a business in the financial industry is by no means easy, between monitoring your finances as well as your customers’ expectations.
According to a new report entitled the Global CEO Outlook, Chief Executives in the UK are increasingly looking to collaborate with start-ups in order to drive innovation and support their growth objectives.
Around £85 million in funding has been withdrawn after it was announced that the Strategic School Improvement Fund (SSIF) would be closed.
The output from the UK’s services sector, which makes up around 80 per cent of the economy, has decreased in size for the first time in eight years as the prospect of a ‘no deal Brexit’ looms.
The impact of technology is being felt in every sector but none more so than on food, as businesses are introducing innovative processes, from expanding the reach of farm-fresh food to finding uses for leftover supermarket supplies.