The British Chambers of Commerce (BCC) has lowered its UK growth forecast and warned that, by 2020, the economy will have experienced its second-weakest decade.
Entrepreneurs and start-up businesses in the UK should have greater access to funding opportunities and other “Dragon’s Den-style support,” it has been argued.
Small tech firms that automatically switch consumers to the cheapest deal are threatening the dominance of the UK’s biggest energy suppliers, mainly because the “Big Six” have most consumers on the most expensive default tariff.
The Government has this week launched a new toolkit designed to help save schools cut down on billions of pounds in non-staffing costs.
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.