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Brexit White Paper

Business groups respond to publication of Brexit White Paper

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the government’s recent publication of its Brexit White Paper. The 104-page document is divided into four chapters, which focus on security, economic partnership, co-operation and...

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to...

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annual tax bill

UK pensioners ‘pay an average annual tax bill of £3,500’, research reveals

An analysis carried out by insurer Royal London has revealed that the average annual tax bill for taxpayers over the state pension age totals £3,522. Royal London used the Freedom of Information Act to collect data on taxpayers over the state pension age from local authorities in the UK. The last year...

An analysis carried out by insurer Royal London has revealed that the average annual tax bill for taxpayers over the state pension age totals £3,522. Royal...

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business rates

Committee raises concerns over impact of business rates on UK firms

The Treasury Committee has expressed concerns in regard to the impact of the UK’s current business rates system on firms. In a letter to Chancellor Philip Hammond, Nicky Morgan, the Chair of the Committee, stated that business rates place a ‘financial burden’ on UK businesses, and questioned whether the...

The Treasury Committee has expressed concerns in regard to the impact of the UK’s current business rates system on firms. In a letter to...

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tax investigations

HMRC tax investigations into SMEs are ‘too intensive’

New research commissioned by HMRC has revealed that more than half of small and medium-sized enterprises (SMEs) believe that HMRC’s tax investigations are ‘too intensive’. Insurer Professional Fee Protection (PfP), who undertook the research, found that 52% of SMEs believe that tax probes are ‘too rigorous’, while an additional...

New research commissioned by HMRC has revealed that more than half of small and medium-sized enterprises (SMEs) believe that HMRC’s tax investigations are ‘too...

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Finance Bill

Government publishes Finance Bill 2018-19 draft legislation

The government has published draft legislation for Finance Bill 2018-19. The draft legislation is open for consultation, and ‘continues the government’s commitment to a competitive and fair tax system’. It includes plans that could potentially affect a range of taxes, from Stamp Duty Land Tax (SDLT) to income tax....

The government has published draft legislation for Finance Bill 2018-19. The draft legislation is open for consultation, and ‘continues the government’s commitment to a...

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Brexit White Paper

UK businesses must prepare for ‘no deal’ Brexit, warns ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that businesses in the UK must prepare for a ‘no deal’ Brexit. Research carried out by the Institute has revealed that a fifth of UK firms ‘haven’t considered the impact of Brexit’ on their business. Many business...

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that businesses in the UK must prepare for a ‘no deal’ Brexit....

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