Businesses across the UK and beyond have been unable to pay HM Revenue & Customs (HMRC) millions of pounds in corporation tax and VAT – after HMRC left them with the incorrect bank details to make their payments.
He’s hired! Lord Sugar has been appointed as the Government’s new “enterprise tsar”.
HM Revenue & Customs (HMRC) reeled in a record-breaking £1.2billion in Stamp Duty last month, from a total of 173,430 property transactions, according to the Taxman’s latest data.
Difficulties getting hold of HM Revenue and Customs has cost the taxpayer the equivalent of nearly £100m and may have put some people at risk of debt.
The Institute of Economic Affairs (IEA) has accused leading charity Oxfam of using Gift Aid for tax avoidance, in a controversial online article which argued that using Gift Aid to transfer profits between subsidiaries was “an ingenious way to escape a tax liability”.
Figures published last week by HM Revenue & Customs (HMRC) show that the number of people in the UK paying income tax at the higher or additional rate is estimated to have reached a record 5 million last year.
A new report has predicted that UK dividends will continue to fall over the course of 2016, after statistics revealed that dividends fell by five per cent in the first quarter of the year.
A leading business group has said that SMEs and universities need to work more closely together to boost growth in the UK.
A survey conducted by the Bank of England has suggested that George Osborne’s Stamp Duty Land Tax (SDLT) is unlikely to quash demand for buy to let investments in the long term.
The Department for Business, Innovation and Skills (BIS) is proposing to limit employer deductions from discretionary tips and service charges buy updating the current voluntary code of practice and putting it on a statutory footing to increase employer compliance.