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Data shows many firms ‘paying male employees more than female employees’ image

Data shows many firms ‘paying male employees more than female employees’

22nd February 2018

Data published by the government’s Equalities Office has revealed that a vast majority of UK firms are paying male employees more than their female employees. The...

Businesses ‘turning to alternative sources of finance’, research suggests

21st February 2018

Research published by the British Business Bank (BBB) has suggested that UK small businesses are increasingly turning to alternative sources of finance to fund their...

SMEs expect cryptocurrency payments to reach high street ‘within two years’

20th February 2018

Research carried out by card payments provider Paymentsense has suggested that owners of small and medium-sized enterprises (SMEs) expect cryptocurrency payments...

Average UK small business ‘spends £5,000 on tax compliance every year’, study finds image

Average UK small business ‘spends £5,000 on tax compliance every year’, study finds

19th February 2018

A new report published by the Federation of Small Businesses (FSB) has found that the average UK small business spends £5,000 per year on tax compliance. The...

Significant number of UK workers ‘planning to become self-employed’, research finds

16th February 2018

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future. Aldermore...

Bank of England survey suggests UK workers in line for pay rise image

Bank of England survey suggests UK workers in line for pay rise

15th February 2018

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers. Its agents’ survey, which polled 368 UK businesses,...

Shared parental leave take-up ‘as low as 2%’, says government image

Shared parental leave take-up ‘as low as 2%’, says government

14th February 2018

The Department for Business, Energy and Industrial Strategy (BEIS) has suggested that take-up of shared parental leave ‘could be as low as 2%’. As a...

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’ image

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

13th February 2018

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax...

Government launches power of attorney fee refund scheme image

Government launches power of attorney fee refund scheme

12th February 2018

The Ministry of Justice (MoJ) has launched a refund scheme for those who may have been overcharged for power of attorney arrangements. Individuals who paid a registration...

HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme image

HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme

9th February 2018

HMRC has urged accountancy bodies to help it enlist willing businesses to take part in an upcoming Making Tax Digital for VAT (MTD for VAT) pilot scheme. The live...

Research suggests lack of savings putting individuals ‘at risk of financial hardship’ image

Research suggests lack of savings putting individuals ‘at risk of financial hardship’

8th February 2018

Research carried out by banking group Aldermore has suggested that a lack of business savings is putting a strain on self-employed individuals in the UK. Aldermore’s...

Government outlines reforms in response to Taylor review of employment practices image

Government outlines reforms in response to Taylor review of employment practices

7th February 2018

In response to Matthew Taylor’s Review of Modern Working Practices, the government has outlined a series of reforms, designed to give ‘flexible workers’...

HMRC’s VAT bill worth 21% of its total tax take, data reveals image

HMRC’s VAT bill worth 21% of its total tax take, data reveals

6th February 2018

Data published by HMRC has revealed that VAT now accounts for 21% of the Revenue’s overall tax take. The latest figures show that VAT receipts total £124...

Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS image

Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS

5th February 2018

Research carried out by the Institute for Fiscal Studies (IFS) has suggested that mothers working part-time jobs are receiving ‘long-term pay penalties’...

HMRC reveals ‘record number’ of taxpayers submitted tax returns before deadline image

HMRC reveals ‘record number’ of taxpayers submitted tax returns before deadline

2nd February 2018

A ‘record number’ of taxpayers submitted their self assessment tax returns before the 31 January deadline, HMRC has revealed. Of the 11,433,349 tax...

Two thirds of businesses ‘unprepared for GDPR’, survey suggests

1st February 2018

A survey carried out by professional services firm EY has suggested that two thirds of businesses are ‘unprepared’ for the upcoming introduction of the...

Chancellor commissions OTS to review inheritance tax rules image

Chancellor commissions OTS to review inheritance tax rules

31st January 2018

Chancellor Philip Hammond has commissioned the Office of Tax Simplification (OTS) to review the UK’s inheritance tax (IHT) regime, and outline ways in which...

Government self assessment letters ‘lack a sense of urgency’, research suggests image

Government self assessment letters ‘lack a sense of urgency’, research suggests

30th January 2018

Research carried out by Ipsos Mori on behalf of HMRC has suggested that self assessment tax return letters sent to taxpayers by the Revenue take ‘too long...

New centre designed to improve UK tax system launched by NAO image

New centre designed to improve UK tax system launched by NAO

29th January 2018

The National Audit Office (NAO) has launched a new tax centre with the University of Birmingham, which will seek to inform improvements in the administration of...

Government moves to tackle the sending of scam text messages to taxpayers

26th January 2018

HMRC has moved to block the sending of unsolicited scam text messages to taxpayers, the government has revealed. It said that 90% of the ‘most convincing’...

HMRC issues self assessment warning as ‘three million tax returns still outstanding’ image

HMRC issues self assessment warning as ‘three million tax returns still outstanding’

25th January 2018

As the self assessment deadline draws nearer, HMRC has revealed that around a third of people have yet to file their tax return. According to the latest figures,...