Business groups respond to announcement of new Brexit deal 18th October 2019 Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded... HMRC to give importers no-deal Brexit ‘breathing space’ 17th October 2019 HMRC intends to give importers up to six months to submit customs declarations and pay import duties in the event of a no-deal Brexit on 31 October. HMRC says the... HMRC data reveals significant rise in number of R&D tax credit claims 16th October 2019 Figures published by HMRC have revealed that the total number of claims for R&D tax credits has increased by 20%. The latest figures cover the 2017-18 tax year... UK government outlines policies in Queen’s Speech 15th October 2019 On 14 October, the UK government laid out its policies on trade, crime, the environment and Brexit in the Queen's Speech. Amongst the 26 bills outlined at Parliament’s... Chancellor announces post-Brexit Budget date 14th October 2019 Chancellor Sajid Javid has announced that he will deliver the 2019 Autumn Budget on Wednesday 6 November. The 2019 Autumn Budget will be the first Budget to be delivered... ‘Lessons must be learned’ from loan charge controversy, states ICAEW 11th October 2019 The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that ‘lessons must be learned’ from the controversy surrounding the loan... OECD considering plans to tax tech giants’ profits by jurisdiction 10th October 2019 Large multinational tech companies would have to pay taxes in the jurisdictions where profits are generated under new tax proposals from the Organisation for Economic... UK productivity suffers worst drop in five years 9th October 2019 Productivity in the UK fell at its fastest annual rate for five years during the second quarter of 2019, according to the Office for National Statistics (ONS). Productivity... UK small businesses ‘concerned about impact of Brexit on supply chains’ 8th October 2019 Research carried out by insolvency trade body R3 has suggested that a third of UK small businesses are concerned about the impact Brexit will have on their supply... Banking crime cost over £600 million in first half of 2019 7th October 2019 Banking customers lost over £600 million to crime during the first half of 2019, according to data from industry group UK Finance. According to UK Finance’s... UK ‘on cusp of recession’ after services sector shrinks 4th October 2019 The UK economy is ‘on the cusp of recession’ after the services sector suffered an unexpectedly sharp downturn last month, according to research from... Inheritance tax ‘could be scrapped’, Chancellor hints 3rd October 2019 Chancellor Sajid Javid has suggested that the government ‘may be prepared’ to scrap inheritance tax (IHT). IHT is levied on a person’s estate... Chancellor pledges to increase National Living Wage to £10.50 2nd October 2019 Chancellor Sajid Javid has pledged to raise the National Living Wage (NLW) to £10.50 within the next five years. Speaking at the Conservative Party Conference,... ATT calls for ‘urgent clarity’ on off-payroll working changes 1st October 2019 The Association of Taxation Technicians (ATT) has called for ‘urgent clarity’ on next April’s changes to the off-payroll working rules. From April... Accountancy firm powers forward despite uncertain times 1st October 2019 L to R: Usman Ali, Masum Ahmed, Sandra White, Andy Carey, Charles Antwi, Tanya Hamilton, John Shea, Nick Paterno, Andy Warren, Mark Grady, Nigel Kimber, Rashed... Bank of England hints at interest rate cut 30th September 2019 The Bank of England (BoE) may cut interest rates in the near future if the uncertainty around Brexit continues, according to economist Michael Saunders, who is a... FCA finds half of pension pots cashed in ‘without advice’ 27th September 2019 Nearly half of pension pots were accessed without advice or guidance being sought last year, according to the latest retirement income data from the Financial Conduct... Committee calls for frequent flyer tax to tackle emissions 26th September 2019 A frequent flyer tax should be introduced to help curb the UK’s air miles and ensure the country meets its commitments to cutting carbon emissions, according... BCC finds ‘major gaps’ in government no-deal Brexit guidance 25th September 2019 The British Chambers of Commerce (BCC) has found ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses. The business group... BRC urges government to take action in regard to rising card fees 24th September 2019 The British Retail Consortium (BRC) has urged the government to take action to reduce card fees charged by card companies. Data published by the BRC revealed that... Record inheritance tax take for HMRC 23rd September 2019 HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year, according to figures released by the tax authority. The increase... Experts warn Chancellor over insolvency debts 20th September 2019 Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’, experts have warned Chancellor...
