Small businesses say the Government should simplify business rates
A survey has revealed strong support from the UK’s small business community for measures to simplify business rates. A total of 71 per cent of the small …
Read more…
UK’s tax gap continues to fall
Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing …
Read more…
Gifts out of income and their benefits to beneficiaries
Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities …
Read more…
Employers attempting to avoid auto-enrolment penalties could have assets seized
The Pensions Regulator (TPR) has announced that employers could have their businesses’ assets seized to pay their debts if they fail to pay workplace …
Read more…
Twice as many workers receiving back pay through National Minimum Wage enforcement
According to HM Revenue & Customs (HMRC), the number of underpaid workers getting the money they are owed under the National Minimum Wage (NMW) legislation …
Read more…
Government Brexit redeployments to delay Making Tax Digital for Individuals
A number of key projects at HM Revenue & Customs (HMRC) have been placed on hold to make staff available for Brexit issues, including Making Tax Digital …
Read more…
Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank
With the issue of intergenerational fairness continuing to be high on the agenda, a thinktank has suggested that the Treasury returns to the drawing board …
Read more…
Ministers make an about-turn on tax haven transparency measures
In a reverse of its previous position, the Government has backed measures to increase the transparency of offshore tax havens. The measures will compel …
Read more…
Vigilance urged as fraudsters fake security measures to access bank accounts
Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed …
Read more…
‘Bank of Mum and Dad’ feels the squeeze
The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G). …
Read more…