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small business

Confidence amongst small businesses ‘falls to seven-year low’

Confidence amongst UK small businesses has ‘fallen to its lowest point since 2011’, the quarterly Small Business Index (SBI) published by the Federation of Small Businesses (FSB) has revealed. The SBI currently stands at -9.9 – which, according to the FSB, reflects a ‘level of pessimism not seen since...

Confidence amongst UK small businesses has ‘fallen to its lowest point since 2011’, the quarterly Small Business Index (SBI) published by the Federation of...

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‘no deal’ Brexit

UK businesses urged to prepare now for potential ‘no deal’ Brexit

HMRC has written to 145,000 UK businesses to urge them to begin preparing now for a potential ‘no deal’ Brexit scenario. The letters, which have been sent to VAT-registered businesses which trade only with the EU, explain changes to customs, excise and VAT in the ‘unlikely event’ that the...

HMRC has written to 145,000 UK businesses to urge them to begin preparing now for a potential ‘no deal’ Brexit scenario. The letters, which...

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hmrc

Report suggests HMRC ‘treating taxpayers unfairly’

A report published by the Economic Affairs Committee has suggested that HMRC is ‘treating taxpayers unfairly’, and has called for the Revenue’s tax avoidance and evasion powers to be reviewed. The Committee stated that HMRC is failing to ‘discriminate effectively’ in regard to the full range of behaviours and...

A report published by the Economic Affairs Committee has suggested that HMRC is ‘treating taxpayers unfairly’, and has called for the Revenue’s tax avoidance...

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tax

ICAEW urges employers to consider the tax implications of a seasonal party

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged employers to consider the tax implications associated with a seasonal party. A company end of year party can be a great way to celebrate the festive period, as well as employees’ hard work. However, there are certain conditions to consider in...

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged employers to consider the tax implications associated with a seasonal party. A...

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‘Pensions Dashboards’

Prime Minister backs ‘Pensions Dashboards’ initiative

Prime Minister Theresa May has outlined her commitment to the launch of the so-called ‘Pensions Dashboards’ initiative. The new Pensions Dashboards will enable workers to view their future retirement funds on their mobile phones and tablet computers. A feasibility study on the development of hi-tech tools has been launched,...

Prime Minister Theresa May has outlined her commitment to the launch of the so-called ‘Pensions Dashboards’ initiative. The new Pensions Dashboards will enable workers...

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income tax

HMRC writes to taxpayers ahead of introduction of Welsh rates of income tax

HMRC has started to write to taxpayers ahead of the introduction of the Welsh rates of income tax (WRIT) on 6 April 2019. From this time, taxpayers will pay the WRIT if their main residence is situated in Wales. The Welsh government will set the rates. It intends to...

HMRC has started to write to taxpayers ahead of the introduction of the Welsh rates of income tax (WRIT) on 6 April 2019. From...

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