A major business body has warned that UK e-commerce firms are not ready for new European legislation set to go into effect later this year.
HM Revenue & Customs (HMRC) collected £122 million in extra tax from overseas assets last year, following the introduction of the new Common Reporting Standard (CRS) tax regime.
Google and Microsoft have named the UK tech sector as the ‘world leader’ in the race to eliminate significant cybersecurity threats.
A new £30 million research and development (R&D) competition will “radically boost the productivity and agility” of UK businesses, it has been revealed.
Time is ticking – in less than three months’ time a new VAT domestic reverse charge regime for the construction industry will take effect.
Late payments add an “unacceptable” financial and operational burden on small business owners, Chancellor Philip Hammond has said following the announcement of a new campaign against unfair payment practices.
Radio presenter Paul Hawksbee has won a pivotal IR35 tribunal case against HM Revenue & Customs relating to a £140,000 tax bill.
Businesses across the UK are being reminded that, if they process personal data, they are subject to a legal requirement to pay the Information Commissioner’s Office (ICO) an annual data protection charge, unless they have a relevant exemption. Any businesses that fail to pay the correct charge are at risk of a fine of up … Read more
A new study has found that more than half (58 per cent) of SMEs are not aware of a temporary two-year increase in the annual investment allowance (AIA), which could help them secure £1 million in funding. Last year, the Government increased the AIA from £200,000 to £1 million from 1 January 2019 to 31 … Read more
A new report has found that a significant proportion of the UK’s Business Relief goes to those with more than £1 million in assets. Tax Justice UK, a campaigning organisation, has revealed that 234 wealthy families shared £458 million in tax relief in the 2015-16 year thanks to Inheritance Tax breaks via Business Relief. The … Read more