Cut in corporation tax to cost more than thought
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.
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.
The Education Secretary Damian Hinds has called on more schools to consider the “freedom and opportunities” offered by becoming an academy.
A recent report that showed VAT receipts have surged by 79 per cent in the last eight years has prompted speculation that the Government might lower the rate, as officials fear that Brexit could hit consumer spending due to price rises and increased economic uncertainty.
Recent research shows that British start-ups attracted 1.5 times more investment from global venture capital (VC) investors than German businesses and 2.6 times more than French ones.
Making Tax Digital (MTD) will come into effect on 1 April, and this means that the vast majority of UK businesses with a turnover above the VAT threshold of £85,000 will need to keep digital records and submit VAT returns digitally.
The Making Tax Digital for VAT pilot is now available to all eligible businesses, HM Revenue & Customs (HMRC) has announced.
According to Companies House, the number of businesses being formed in the UK bounced back in 2018 as entrepreneurs appeared to defy economic uncertainty to start more enterprises than ever.
Spending on teacher professional development has fallen by £23.2 million in a year, highlighting what could be a major factor in the teacher recruitment crisis.
According to the Government, more than 200,000 new businesses have used a new one-stop cross-Government service that allows new start-ups to register their business and also for tax and HMRC’s digital services at the same time.
A closely watched survey has revealed “subdued” business activity in December, and there are fears that the ‘Brexit brakes’ have brought economic growth in the UK to a standstill.
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