Business News


House of Lords calls for a delay to Making Tax Digital


7 Dec 2018

The House of Lords Economic Affairs Committee has criticised HM Revenue & Customs (HMRC) for its handling of Making Tax …
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UK takes second spot for tax compliance in G20


7 Dec 2018

New research from the World Bank has revealed that the UK has the second most effective tax system amongst the …
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Unwrapping Christmas tax gifts


7 Dec 2018

Christmas is a time for giving, but many businesses may not be aware that their gifts can be made in …
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National Living Wage to rise in April 2019


7 Nov 2018

In his latest Budget speech to the Commons, Chancellor Philip Hammond announced that the National Living Wage and National Minimum …
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Entrepreneurs’ Relief rules to be tightened


7 Nov 2018

Despite rumours that the Chancellor might scrap Entrepreneurs’ Relief (ER) all together in the Autumn Budget, Philip Hammond decided to …
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Research reveals Inheritance Tax hotspots across the UK


7 Nov 2018

New research has revealed that the affluent area surrounding Guildford in Surrey has the highest proportion of people paying Inheritance …
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R&D Tax Credit system to be reviewed in light of fraudulent claims


7 Nov 2018

According to figures released in the Autumn Budget, HM Revenue & Customs (HMRC) has prevented around £300 million of fraudulent …
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HM Revenue & Customs to review and rework some 2016-17 self-assessment tax returns following error


7 Nov 2018

The Chartered Institute of Taxation (CIOT) has warned that HM Revenue & Customs (HMRC) is to review and potentially rework …
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Payee names to be required for bank transfers in effort to combat fraud and errors


7 Nov 2018

From next year, payee names will be checked when making bank transfers in order to ensure that funds are being …
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Public pilot of Making Tax Digital for VAT opens


7 Nov 2018

HM Revenue & Customs (HMRC) has opened a public pilot of Making Tax Digital (MTD) for VAT. The pilot is …
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