Blog

Record high of £14.6bn paid in corporation tax by UK financial services sector - 13 August 2018

The UK financial services (FS) sector paid a record high of £14.6 billion worth of corporation tax (including Bank Levy) in the last year, up 24 per cent from the £11.8bn paid during the 2015/16 financial year according to industry

Have you used your unused pensions annual allowance? - 13 August 2018

HM Revenue & Customs (HMRC) has reminded taxpayers that they can carry forward any unused annual allowance if their pension savings exceed this year’s allowance.

AAT calls on Government to reconsider proposed Rent a Room tax relief changes - 9 August 2018

The Association of Accounting Technicians (AAT) has called on the Government to rethink its proposals to reform Rent a Room tax relief, amid concerns that the changes would result in “unnecessary complexity.”

The professions that pay the most income tax revealed - 8 August 2018

Bankers and insurance brokers face a bigger income tax burden than ever before, accounting for more of the Governments largest source of tax revenue than any other industry.

Small businesses anticipating strong growth over next two years - 6 August 2018

UK small and medium-sized enterprises (SMEs) are expecting growth of up to 40 per cent over the next two years, a new study reveals.

Do you have unreported foreign income or profits? - 3 August 2018

HM Revenue & Customs (HMRC) has warned taxpayers to declare any foreign income or profits on offshore assets before 30 September to avoid unwanted penalties.

SMEs urged to keep up with digital payments demand - 2 August 2018

A new study suggests that UK small and medium-sized enterprises (SMEs) need to embrace digital payments technology in order to keep up with consumer demand.