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ICAEW Annual Conference – Igniting Innovation

ICAEW Annual Conference – Igniting Innovation

What an inspiring title for what promised to be an interesting 2 days in London for the ICAEW Annual Conference. And it certainly lived up to its name. Keynote speaker Sacha Romanovich – who was the first female leader of a major accountancy firm – kicked things off with...

What an inspiring title for what promised to be an interesting 2 days in London for the ICAEW Annual Conference. And it certainly lived...

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Digital Services Tax: UK to press ahead despite warnings

Digital Services Tax: UK to press ahead despite warnings

Prime Minister Boris Johnson has said that the UK will continue with plans to impose its Digital Services Tax (DST) on American tech giants. Despite the US threatening France for a similar move. The Conservative Party has promised to introduce the DST on the revenues of the largest digital...

Prime Minister Boris Johnson has said that the UK will continue with plans to impose its Digital Services Tax (DST) on American tech giants....

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Report states counterfeit goods trade costing UK billions

Report states counterfeit goods trade costing UK billions

The global trade in counterfeit goods costs the UK billions of pounds in lost sales and missing tax revenues, according to a new report by the Organisation for Economic Co-operation and Development (OECD). The trade in fake goods also caused the loss of over 86,000 UK jobs, the report...

The global trade in counterfeit goods costs the UK billions of pounds in lost sales and missing tax revenues, according to a new report...

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Off-payroll changes to be reviewed

Off-payroll changes to be reviewed

The expansion of the off-payroll rules into the private sector will be reviewed, says Chancellor of the Exchequer Sajid Javid. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income cut significantly. HMRC also shifted the responsibility for compliance from the individual...

The expansion of the off-payroll rules into the private sector will be reviewed, says Chancellor of the Exchequer Sajid Javid. In 2017, HMRC introduced...

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UK SMEs owed £23.4 billion in late payments

UK SMEs owed £23.4 billion in late payments

Late payment debts owed to the UK’s small to medium-sized enterprises (SMEs) now total £23.4 billion. New research from Pay.UK. has found. A survey conducted by Pay.UK., which runs the BACS direct credit and direct debit payment services. Showed that debts due from late payments, have soared by over...

Late payment debts owed to the UK’s small to medium-sized enterprises (SMEs) now total £23.4 billion. New research from Pay.UK. has found. A survey...

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HMRC collects record £133 billion in VAT

HMRC collects record £133 billion in VAT

Data published by HMRC has revealed that the Revenue collected a record £133 billion in VAT during the 2018/19 tax year. HMRC revealed that total VAT receipts increased by 5.3% in 2018/19 when compared to the previous financial year. According to the data, incorporated businesses accounted for the largest...

Data published by HMRC has revealed that the Revenue collected a record £133 billion in VAT during the 2018/19 tax year. HMRC revealed that...

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