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Industry News

IFS states high earners ‘increasingly hit by lack of indexation’ image

IFS states high earners ‘increasingly hit by lack of indexation’

12th April 2019

The Institute for Fiscal Studies (IFS) recently published a report which revealed that more people are being ‘dragged into higher rates of tax’ as a...

Business groups react to ‘flexible extension’ of Article 50

11th April 2019

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have reacted to the six-month ‘flexible’...

IMF downgrades global growth forecast

10th April 2019

The International Monetary Fund (IMF) has downgraded its global growth forecast for 2019 to its ‘lowest level’ since the financial crisis. In its latest...

TUC states shared parental leave scheme needs ‘overhauling’

9th April 2019

The Trades Union Congress (TUC) has stated that the shared parental leave and pay scheme needs ‘overhauling’ and has urged the government to take action. The...

Government commits to implementation of pensions dashboard initiative image

Government commits to implementation of pensions dashboard initiative

8th April 2019

The government has confirmed that it intends to implement its proposed pensions dashboard initiative, which will allow those saving for retirement to view information...

Business leaders urged to ‘do more’ to help prevent cyber-attacks

5th April 2019

Following the publication of the government’s 2019 Cyber Security Breaches Survey, business leaders are being urged to ‘do more’ to protect their...

Older workers ‘may be paying unnecessary tax on State Pension’, research suggests image

Older workers ‘may be paying unnecessary tax on State Pension’, research suggests

4th April 2019

Research carried out by insurer Royal London has suggested that half a million older workers could be ‘paying unnecessary tax’ on their State Pension. Royal...

Survey suggests indicators of UK economic health have ‘weakened'

3rd April 2019

A survey carried out by the British Chambers of Commerce (BCC) has suggested that the ‘key indicators’ of UK economic health ‘weakened considerably’...

MTD for VAT takes effect for over one million businesses image

MTD for VAT takes effect for over one million businesses

2nd April 2019

On 1 April, the government’s Making Tax Digital for VAT (MTD for VAT) initiative came into effect. Businesses which have a taxable turnover above the VAT...

Survey finds awareness of gender pay gap reporting requirements is ‘low’ image

Survey finds awareness of gender pay gap reporting requirements is ‘low’

1st April 2019

A survey carried out by the Chartered Management Institute (CMI) has suggested that awareness of the gender pay gap reporting requirements is ‘low’. The...

ATT warns of tax changes for non-residential UK property owners image

ATT warns of tax changes for non-residential UK property owners

29th March 2019

The Association of Taxation Technicians (ATT) has warned non-resident UK property owners that changes set to take effect from April will require them to pay tax...

Government delays probate fees rise image

Government delays probate fees rise

28th March 2019

The government has delayed its planned increase in probate fees. The delay has been attributed to ‘pressure on Parliamentary time’ caused by Brexit...

ONS warns automation could ‘replace 1.5 million jobs’

27th March 2019

The Office for National Statistics (ONS) has warned that automation could replace up to 1.5 million jobs in the UK, leaving workers unemployed. In a new report,...

HMRC urges firms to sign up for MTD for VAT image

HMRC urges firms to sign up for MTD for VAT

26th March 2019

With less than a week to go, HMRC is urging those firms which haven’t signed up for the Making Tax Digital for VAT (MTD for VAT) scheme to do so ‘as...

From apprentice to boardroom, McBrides appoints new tax partner image

From apprentice to boardroom, McBrides appoints new tax partner

25th March 2019

McBrides Chartered Accountants has announced the appointment this month of a new tax partner who previously trained with the firm 18 years ago. Masum Ahmed is a...

Data reveals significant rise in number of contactless payments

25th March 2019

Data published by UK Finance has revealed that two in five card payments are made using contactless technology. When compared to 2017, the number of contactless...