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Industry News

HMRC launches second MTD for VAT pilot image

HMRC launches second MTD for VAT pilot

18th October 2018

HMRC has launched a second pilot scheme for Making Tax Digital for VAT (MTD for VAT). The Revenue has invited more than half a million UK businesses to test the...

Bank of England outlines plans for new £50 note

17th October 2018

The Bank of England (BoE) has confirmed that it intends to issue a new £50 note. The new £50 note will imitate the existing £5 and £10 notes,...

ABI urges Chancellor to avoid increasing IPT in Budget image

ABI urges Chancellor to avoid increasing IPT in Budget

16th October 2018

The Association of British Insurers (ABI) has urged Chancellor Philip Hammond to avoid increasing Insurance Premium Tax (IPT) in the forthcoming Budget. IPT is...

Government publishes further ‘no deal’ Brexit documents

15th October 2018

The government has published the latest batch of ‘no deal’ Brexit documents. A range of issues are covered within the documents, from consumer rights...

Business group proposes overhaul of tax regime for financial services sector image

Business group proposes overhaul of tax regime for financial services sector

12th October 2018

The Confederation of British Industry (CBI) has proposed an overhaul of the tax and regulatory regime for the financial services sector so that the industry can...

Sidcup accountants make For Jimmy their firm favourite image

Sidcup accountants make For Jimmy their firm favourite

11th October 2018

McBrides Chartered Accountants held a packed ‘Race Night For Jimmy’ at Sidcup Rugby Club last night and raised a total of £1,510 for the local...

OTS launches consultation on impact of taxation on UK firms image

OTS launches consultation on impact of taxation on UK firms

11th October 2018

The Office of Tax Simplification (OTS) has launched a new call for evidence, seeking views in regard to the impact of taxation on UK businesses. The call for evidence...

CBI publishes wishlist for 2018 Autumn Budget image

CBI publishes wishlist for 2018 Autumn Budget

10th October 2018

The Confederation of British Industry (CBI) has published its wishlist ahead of the Autumn Budget, which is set to be delivered on Monday 29 October. Within its...

BCC suggests UK economic growth is ‘flatlining'

9th October 2018

A survey carried out by the British Chambers of Commerce (BCC) has suggested that the UK economy is ‘stuck in a rut’, with economic growth ‘flatlining’. The...

Government announces stamp duty surcharge for overseas buyers of UK property image

Government announces stamp duty surcharge for overseas buyers of UK property

8th October 2018

The government recently announced that it intends to introduce a new stamp duty surcharge of 1% to 3% for foreign buyers of UK property. Prime Minister Theresa...

Welsh government publishes Draft Budget for 2019-20 image

Welsh government publishes Draft Budget for 2019-20

5th October 2018

The Welsh government recently published its Outline Draft Budget for 2019-20, with a full, in-depth breakdown to follow on 23 October 2018. Mark Drakeford, Finance...

Prime Minister announces fuel duty freeze image

Prime Minister announces fuel duty freeze

4th October 2018

Prime Minister Theresa May has announced that fuel duty will be frozen for the ninth consecutive year. Speaking at the Conservative party conference, the Prime...

Employer Supported Childcare scheme set to close to new entrants image

Employer Supported Childcare scheme set to close to new entrants

3rd October 2018

The Employer Supported Childcare (ESC) scheme will close to new entrants on 4 October 2018. After this time, only the government’s new Tax-Free Childcare...

Business rates ‘could be changed’ to help high street retailers image

Business rates ‘could be changed’ to help high street retailers

2nd October 2018

Business Secretary Greg Clark has suggested that business rates ‘could be changed’ in order to help high street retailers in the UK. Experts have stated...

One in ten firms ‘could become bankrupt’ as result of customs delays after Brexit

1st October 2018

A survey carried out by the Chartered Institute of Procurement and Supply (CIPS) has suggested that 10% of businesses ‘could become bankrupt’ as a result...

Research reveals £500 million stolen via fraud in first half of 2018

28th September 2018

Research published by trade association UK Finance has revealed that, during the first half of this year, criminals stole £503.4 million from the UK public...

Chancellor announces 2018 Autumn Budget date image

Chancellor announces 2018 Autumn Budget date

27th September 2018

Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Monday 29 October. The 2018 Autumn Budget will be the final Budget before the...

FSB calls on European Commission to ‘end late payments culture’ image

FSB calls on European Commission to ‘end late payments culture’

26th September 2018

The Federation of Small Businesses (FSB) has called on the European Commission (EC) to ‘up its fight’ in order to put an end to the late payments culture. In...

Additional ‘no deal’ Brexit documents published by government

25th September 2018

The government has published additional Brexit advisory documents, outlining how a ‘no deal’ scenario could affect air travel. The latest technical...

New report suggests two-thirds of SMEs ‘preparing growth plans'

24th September 2018

A new report published by Hitachi Capital has revealed that 67% of small and medium-sized enterprises (SMEs) are looking to prepare ‘growth plans’ in...

Treasury Select Committee calls for ‘greater regulation’ of crypto-currencies

21st September 2018

In a new report, the Treasury Select Committee has called for ‘greater regulation’ of crypto-currencies and crypto-assets. Cryptocurrency functions...

Inflation rate rises to six-month high

20th September 2018

Data published by the Office for National Statistics (ONS) has revealed that inflation unexpectedly rose to a six-month high of 2.7% in August. Experts had forecasted...

Significant number of UK firms ‘unaware of Making Tax Digital for VAT’ image

Significant number of UK firms ‘unaware of Making Tax Digital for VAT’

19th September 2018

Research carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that over 40% of UK businesses are ‘not yet aware’...