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Business News
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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Autumn Budget 2018
29 Oct 2018
The sun was already edging behind the London skyline by the time Chancellor Philip Hammond rose to the despatch box …
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Budget date 2018 announced, with half the usual notice
5 Oct 2018
The Chancellor has announced that the 2018 Budget will take place on Monday 29 October 2018, having given just half …
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Employment claims from contractors brought within IR35 expected after HMRC settlement
5 Oct 2018
A freelance marketing and business development consultant has reached a settlement with HM Revenue & Customs (HMRC) after arguing that …
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