The British Retail Consortium (BRC) has called on the Government to reform business rates and freeze them for two years pending a wider discussion on business taxation.
The British Chambers of Commerce (BCC) has called on the Government to delay the implementation of Making Tax Digital (MTD) until the start of the 2020/21 tax year, saying that an “alarmingly high” proportion of its 75,000 members have little or no awareness of the initiative.
A recent survey has found that more than 10,000 new tech firms opened for business in the UK last year, an increase of 60 per cent on 2016 when only 6,300 were incorporated. At the same time, US firms invested a record amount in the tech sector in the UK.
Almost half of small and medium-sized enterprises (SMEs) expect to do more business overseas in the next year, whereas just one in 10 of those polled expect their revenue to fall.
According to a new study, Brighton is the new start-up capital of the UK, and it tops the chart as the home of the best performing businesses in the UK with a success rate of 88 per cent.
The value of unpaid tax in the UK rose by £1 billion in the past year to £33 billion, although the tax gap fell to 5.7 per cent over the period.
There are always a number of competitions that UK start-ups can enter, and two current ones are aimed at new firms working on innovative ideas for the technology and automotive supply chain spheres.
New guidance suggests that company car drivers who have electric cars could be shocked to find that while they may be able to charge their company car at work for free, they may not be reimbursed for business mileage.
New research, carried out by the Royal Academy of Engineering’s Enterprise Hub, suggests that the UK may have overtaken the US as the global centre for engineering start-ups.
The Department for Education has launched two new measures aimed at tackling the growing teacher recruitment crisis within the UK.