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Fall in number of arrests for tax evasion

Nov 28, 2019

According to industry figures, the number of people arrested in the UK on suspicion of tax evasion has reached the lowest level for five years. The figures obtained by law firm RPC revealed that there were 782 arrests made during 2018/19, ...

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A tax guide for SMEs

Nov 25, 2019

According to accounting software provider, QuickBooks, over 50 per cent of UK small and medium-sized enterprise (SME) owners have made a mistake when filing their VAT returns, while just a quarter (25 per cent) feel confident that they have filed their ...

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Majority of employees uncomfortable discussing finances at work

Nov 21, 2019

According to the latest research, two-thirds of employees do not feel comfortable talking about their finances at work, despite more than a fifth of people struggling to make ends meet. The research published by Business in the Community as part of ...

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Business owners hit by flooding granted “immediate relief” from business rates

Nov 18, 2019

Business owners hit by recent flooding will have “immediate relief” on their business rates, it has been announced. Confirming the move today, the Prime Minister said both businesses and households will be exempt from council tax and business rates. It comes after ...

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Millions at risk of being left behind by a cashless society

Nov 14, 2019

According to the latest research, cash usage is declining throughout the world, with credit/debit cards, bank transfers and eWallets becoming the most popular method of payment during the last year. The increase in the use of contactless payments systems has also ...

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HMRC’s five money-saving tips

Nov 11, 2019

HM Revenue and Customs (HMRC) has highlighted five money-saving tips to help boost your finances. First-Time Buyers’ Relief If you are a first-time buyer you can claim First-Time Buyers Relief on your property purchase made on or after 22 November 2017. This means that you ...

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Government announces £56 million funding to boost business productivity

Nov 07, 2019

The Government has launched a new £56 million wave of funding in a bid to boost productivity throughout the UK economy. The UK ranks as one of the best places in the world to start and grow a business, with around ...

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Electric car

Everything you need to know about electric company cars and tax

Nov 05, 2019

The number of electric cars in Britain recently hit the 200,000 milestone, indicating that the UK is finally coming round to the inevitable idea of an emission-free future. But why wait until then? Electric car owners are already experiencing the cost-saving ...

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Calls for HMRC to simplify the UK’s tax system for self-employed and landlords

Nov 04, 2019

A Government adviser has said that the UK’s tax system is causing issues for self-employed individuals and private landlords and therefore HM Revenue & Customs (HMRC) should consider simplifying it. Due to the rise of the gig economy, there are now ...

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Personal insolvencies on the verge of highest level for a decade

Oct 31, 2019

According to official figures, the number of people facing insolvency is set to reach the highest level for almost a decade, following an annual increase of more than 22 per cent in December. The figures showcase the ongoing problem many British ...

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