Could the IHT seven-year rule on gifts be cut to five?
Jul 08, 2019
At present, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40 per cent must be paid. However, the Office of Tax Simplification (OTS) has recently suggested that this deadline ...
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Over 800 cyber incidents reported to FCA by financial firms last year
Jul 04, 2019
According to new data obtained via a freedom of information request, financial services firms reported 819 cyber incidents to the Financial Conduct Authority (FCA) during 2018. The figures show a substantial rise compared to the 69 incidents which were reported in ...
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HMRC issue incorrect CGT allowance to thousands of taxpayers
Jul 01, 2019
HM Revenue and Customs (HMRC) has recently issued nearly 350,000 incorrect short tax returns, indicating an error in taxpayers’ capital gains allowance. CGT is payable on the overall gain from the sale of an asset such as a business, second home, ...
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Drunk people in the workplace cost UK economy £1.4 billion a year
Jun 27, 2019
New research has revealed that as many as 89,000 people are turning up to work hungover or under the influence of alcohol every day, costing the economy around £1.4 billion a year. Earlier this year, Lloyd’s of London featured in the ...
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Is your business compliant with the Making Tax Digital rules?
Jun 24, 2019
According to new research, thousands of UK businesses could find themselves under scrutiny from HM Revenue & Customs (HMRC) for failing to follow new rules on keeping digital records. Under the new called Making Tax Digital (MTD) initiative, more than one ...
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Government announces new measures to ensure SMEs are paid on time
Jun 20, 2019
The Government has announced new measures to ensure that small businesses get paid on time. The new rules will see large businesses fined for the first time for failing to pay smaller suppliers on time as part of a package of ...
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SMEs receive a record £6.7 billion in equity funding
Jun 17, 2019
Last year, small and medium-sized enterprises (SMEs) attracted a record £6.7 billion in equity investments, representing a five per cent year-on-year increase. According to the British Business Bank’s annual Small Business Equity Tracker report, the UK equity investment market has grown ...
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TSB launches digital advice program to support small business owners
Jun 13, 2019
A nationwide programme has been launched by high street bank TSB in a bid to help improve the digital expertise of small business owners. As more and more day to day business tasks move online, small businesses and self-employed workers are ...
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HMRC refunds £1.8 million child benefit tax penalties
Jun 10, 2019
HM Revenue and Customs (HMRC) has issued £1.8 million in refunds after reviewing cases where families were hit with penalties for failing to register for a charge relating to their child benefits. Thousands of penalties have been cancelled as a result ...
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Businesses are not adapting for millennial dads
Jun 06, 2019
In today’s society, there has been a ‘seismic shift’ among male millennials, yet, recent research has revealed that the majority of businesses are failing to understand that they need to be offering the flexibility these employees require to balance work ...
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