Irish Finance Minister Michael Noonan has announced that he is abolishing the controversial “Double Irish” corporation tax structure that has allowed large multinationals like Facebook to legally divert profits from Ireland to countries that are considered tax havens.
The plummeting price of oil is pushing petrol prices down, which will have a knock-on effect on the cost of living in the UK, leading to less pressure on the Bank of England to raise interest rates.
A number of the best tech start-ups in the UK have been invited to go to the US by London Mayor Boris Johnson to take part in the Great Tech Expedition 2014 as part of his ambition to help early-stage UK tech and EdTech businesses explore opportunities abroad.
Business Secretary Vince Cable has announced at the Liberal Democrat party conference this week that, although new business rates relief has not yet been signed off by the Government, he is confident that small business owners could expect movement towards it, once a deal has been agreed with Chancellor George Osborne.
The number of people under the age of 35 starting their own business has risen by more than 70 per cent since 2006, with 247,049 new organisations starting in 2013 compared with only 145,104 in 2006, according to new research.
The Driver and Vehicle Licensing Agency (DVLA) is urging commercial drivers and fleet owners to join its free fleet scheme for easier vehicle taxation, following the abolition of the traditional paper tax disc today (1 October).
Today (24 September) is Tax Equality Day, when drinkers and diners can enjoy slashed prices in thousands of pubs, bars and restaurants across the UK that support Jacques Borel’s VAT Club.
Startup funding and mentoring organisation Seedcamp has invested in 11 startups following its biannual London Seedcamp Week, held at Google Campus, 10 of which are from the UK.
The Common’s Education Committee (CEC) has warned academy trusts to be more transparent after it claims that some organisations may have mishandled taxpayers money by funding interested parties.
A new survey from the Federation of Small Businesses (FSB) shows that economic confidence amongst small firms continues to improve, with just over 60 per cent saying they expect to grow in the next 12 months and that more than 10 per cent expecting to do so rapidly.