Thinking very carefully about retirement planning is vital for anyone who wants to enjoy a financially comfortable life in their later years and eventually pass on their legacy to the…
Latest Business News
Budget date 2018 announced, with half the usual notice
The Chancellor has announced that the 2018 Budget will take place on Monday 29 October 2018, having given just half the usual 10 weeks’ notice of the date. The Autumn…
Employment claims from contractors brought within IR35 expected after HMRC settlement
A freelance marketing and business development consultant has reached a settlement with HM Revenue & Customs (HMRC) after arguing that she should be entitled to holiday pay as she was…
Just eight per cent of business loan applications successful with one high street bank
On average, less than one in 10 SME loan applications to one nameless high street bank are successful. The figures were released by SME funding platform, Code Investing, whose CEO,…
Government backed tax-free savings plan to help savers earn 50p on every £1
The Government has launched a new savings account that offers savers a 50 per cent tax-free bonus on the money they deposit. The new Help to Save account will offer…
HMRC investigates estate valuations as part of IHT campaign
The number of investigations conducted against estates thought to be avoiding Inheritance Tax (IHT) has increased, according to new data from HM Revenue & Customs (HMRC). The tax authority has…
Micro businesses bear the brunt of late payments
Recent research has shown that micro businesses are bearing the brunt of late payments, with just 52 per cent of the invoices they issue being paid on time. However, the…
HMRC finally launches MTD communications plan and simplified guidance
With only six months left until the launch of Making Tax Digital for VAT, HM Revenue & Customs (HMRC) has finally begun sharing information with businesses about the new regime.…
Workers miss out on £15.6 million in pay through minimum wage breaches
Minimum wage breaches, including breaches of the National Living Wage, have cost workers from across the UK a combined total of £15.6 million in lost wages. Figures released by the…
CIOT reports increase in R40 refund errors
According to a new report by the Chartered Institute of Taxation (CIOT), there have been a growing number of R40 computation errors on refunds processed by HM Revenue & Customs…
