Bank of England (BoE) Governor Mark Carney has stated that 150,000 UK businesses are not fully prepared to leave the European Union (EU) without a deal.
Company boards will be held accountable for supply chain payment practices for the first time under new measures announced this month.
Social media giant Facebook has announced plans to dive into the financial market next year with its own digital currency, Libra.
UK technology exports were worth £3.2 billion in 2018, according to the latest figures from the Department for International Trade (DIT).
According to the latest research the UK technology sector produced 13 companies that were privately valued at more than $1 billion (£784 million) during the past year.
The availability of highly skilled workers in the UK in general and in London, in particular, is a key driver of the recent growth of unicorn tech businesses – those that quickly reach investor valuations of $1 billion – according to a London-based accountant specialising in the sector. Tariq Husain, CEO at Mayfair and Harrow-based … Read more
If your business needs additional finance, it can be difficult to know which option is the most appropriate for your needs. Being able to access the right sort of finance can help your business grow, develop and thrive. There are a range of methods to choose from when raising finance, including bank loans, equity investment … Read more
HM Revenue & Customs has relaxed the rules and regulations relating to Making Tax Digital for fundraising events. Under usual reporting conditions, a charity fundraising event would normally include a number of supplies that would need to be recorded on a VAT return. However, in an updated VAT notice, HMRC said it recognises that “charities … Read more
A new report published by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS) has revealed a worrying lack of awareness about the Inheritance Tax (IHT) benefits of making a gift. Its study found that only 25 per cent of those who had made a gift had a ‘working knowledge’ … Read more
A rise over the course of the 2017-18 tax year has seen funding for the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) tax reliefs pass the £2.1billion mark. The EIS scheme saw the larger increase in approved funding, with a rise of £28million in funds raised. Meanwhile, SEIS approved funding was up … Read more