News

09 Dec

UK manufacturing jobs cut as sales fall

UK manufacturing jobs fell at the fastest rate in seven years during November as low sales squeezed the sector, according to the IHS Markit Purchasing Managers' Index.

06 Dec

ICAEW advises employers to take tax implications of seasonal parties into account

The festive season is now in full swing, and the Institute of Chartered Accountants in England and Wales (ICAEW) has advised employers to be aware of the tax implications associated with a seasonal party.

05 Dec

UK to press ahead with Digital Services Tax despite warnings from US

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.

04 Dec

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).

03 Dec

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.

02 Dec

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, according to new research from Pay.UK.

29 Nov

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.

28 Nov

Services sector profits fall sharply

Profitability in the UK's services sector fell at the fastest rate in eight years in the three months to November, according to the Confederation of British Industry (CBI).

27 Nov

Research reveals UK firms spent £25 billion on R&D in 2018

Research published by the Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.

26 Nov

New version of IR35 checking tool released by HMRC

HMRC has released an updated version of the Check Employment Status for Tax (CEST) tool, which is used to determine whether a contractor should be classed as self-employed in line with IR35 legislation.

25 Nov

HMRC issues self assessment scam warning

Over the past year, HMRC has received almost 900,000 reports from the public about suspicious communication from criminals masquerading as the tax authority.

22 Nov

Firms 'would rather dismiss contractors than deal with IR35', research suggests

20% of UK businesses would rather dismiss their contractors than have to deal with IR35, according to research published by recruitment consultancy firm Harvey Nash.

21 Nov

Politicians pledge to take action on late payments

The Liberal Democrats and the Labour Party have both pledged to take action to combat late payments that damage small and medium-sized enterprises (SMEs).

20 Nov

Corporation tax cuts put on hold

Next April's planned cut in corporation tax is to be put on hold, Prime Minister Boris Johnson told the Confederation of British Industry (CBI) conference on 18 November.

19 Nov

Number of EIS approvals drops

The number of approvals given for the funding of small businesses through the government's Enterprise Investment Scheme (EIS) has dropped, according to figures published by HMRC.

18 Nov

Dividend payments rise for tenth consecutive year

Dividend payments made by the world's biggest companies to their shareholders have grown for the tenth year in a row, according to research from asset management company Janus Henderson.

15 Nov

UK taxes at historical high

UK taxes are at a historical high, accounting for over a third of GDP at 34.4% and up almost seven percentage points from the 1950s, according to a new Institute for Fiscal Studies (IFS) report.

14 Nov

Pension scam victims 'could lose 22 years of pension savings in 24 hours'

Pension scam victims could lose 22 years of savings in 24 hours, according to the Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).

13 Nov

Off-payroll changes need to be delayed, says FSB

Next year's expansion of the off-payroll rules into the private sector should be delayed, according to the Federation of Small Businesses (FSB).

12 Nov

UK avoids recession but economic growth remains slow

The UK economy has avoided falling into recession although growth remains slow, according to the latest figures from the Office for National Statistics (ONS).

11 Nov

Real Living Wage rise boosts pay for thousands

Over 210,000 UK workers are set to benefit after the Real Living Wage increased to £9.30 an hour.

08 Nov

Loan charge review put on hold

The independent review into the loan charge has been put on hold until after December's General Election.

07 Nov

OTS calls for overhaul of Personal Tax Accounts

The Office of Tax Simplification (OTS) has called for a revamp of HMRC's Personal Tax Accounts (PTAs) in order to make them easier to use for taxpayers.

06 Nov

HMRC sets out cryptoasset guidance for businesses

HMRC has issued guidance on the tax treatment of cryptoassets in order to clarify the rules for businesses.

05 Nov

Business confidence at a 10-year low

Business confidence has fallen to its lowest point in over a decade, according to the latest ICAEW Business Confidence Monitor.

04 Nov

Improved accuracy for VAT returns under MTD

Almost a third of company VAT returns are more accurate under Making Tax Digital (MTD), according to Thomson Reuters research.

01 Nov

Committee urges government to fix 'broken' business rates system

The government has been urged to overhaul the 'broken' business rates system by the Treasury Select Committee.

The expansion of the off-payroll rules into the private sector will be reviewed, says Sajid Javid:… https://t.co/kXCxR0oMEy

6 days ago

@ThompsonJenner

RT @ExIST_Exeter: Join us for an exciting Christmas #STEAMM exhibition at @ExeSchoolofArt with expert speakers & cutting edge projects from…

6 days ago

@ThompsonJenner

Research reveals UK firms spent £25 billion on R&D in 2018 https://t.co/DGQY5ANnQg #researchanddevelopment #SMEshttps://t.co/8SlDiwxb2w

9 days ago

@ThompsonJenner

RT @ExIST_Exeter: So pleased to have won the #tswards for Commitment to Diversity for our work in featuring #GreaterExeter's fantastic wome…

11 days ago

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