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Scottish Budget

Finance Secretary for Scotland announces income tax changes in Scottish Budget

In his draft Scottish Budget, Derek Mackay, the Finance Secretary for Scotland, has unveiled a series of changes to the Scottish income tax rates and bands. Mr Mackay used the Scottish Budget to confirm an increase in income tax rates for higher earners, together with the introduction of two...

In his draft Scottish Budget, Derek Mackay, the Finance Secretary for Scotland, has unveiled a series of changes to the Scottish income tax rates...

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funding

SMEs hindered by lack of available funding, research suggests

Research published by banking group Close Brothers has suggested that small and medium-sized enterprises (SMEs) are struggling to access the funding required to grow their business. The bank found that only 41% of UK firms are able to access finance from their preferred source, with a further 23% stating...

Research published by banking group Close Brothers has suggested that small and medium-sized enterprises (SMEs) are struggling to access the funding required to grow...

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Making Tax Digital

Significant number of small businesses ‘unaware of Making Tax Digital requirements’

A survey carried out by market research organisation Ipsos Mori on behalf of HMRC has suggested that a significant number of UK small businesses are ‘unaware’ of the forthcoming Making Tax Digital (MTD) requirements. From 1 April 2019, MTD for VAT is set to come into effect for businesses...

A survey carried out by market research organisation Ipsos Mori on behalf of HMRC has suggested that a significant number of UK small businesses...

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financial crime centre

Government announces plans for new financial crime centre

The government has announced plans for a new financial crime centre, which will seek to combat money laundering and ‘economic crime’. The new National Economic Crime Centre (NECC) will help to tackle fraud and corruption, and will be governed by the National Crime Agency (NCA). Financial fraud costs the...

The government has announced plans for a new financial crime centre, which will seek to combat money laundering and ‘economic crime’. The new National...

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investment scams

BCC downgrades its economic forecast for next three years

The British Chambers of Commerce (BCC) has downgraded its economic forecast for the next three years, citing ‘sluggish’ business investment and household consumption. In a new report, the business group downgraded its growth expectation for 2017 from 1.6% to 1.5%, and from 1.2% to 1.1% for 2018. Additionally, it...

The British Chambers of Commerce (BCC) has downgraded its economic forecast for the next three years, citing ‘sluggish’ business investment and household consumption. In...

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seasonal party

ICAEW shares tips for arranging a tax-efficient seasonal party

An end of year seasonal party can often prove to be an enjoyable way to celebrate the festive period with work colleagues. With this in mind, the Institute of Chartered Accountants in England and Wales (ICAEW) has advised businesses to ensure that their party is as tax-efficient as possible....

An end of year seasonal party can often prove to be an enjoyable way to celebrate the festive period with work colleagues. With this...

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