Receipts rise as Corporation Tax rates fall - 6 June 2017
Corporation Tax receipts reached a record high in the 2016-17 financial year, with a total of £56 billion collected, a 21 per cent year-on-year increase. These record figures come despite the main rate of Corporation Tax falling from 30 per
The Big Squeeze – Pay and consumer spending to slow down - 6 June 2017
With inflation hovering around 2.7 per cent, many businesses are facing a period of higher costs and reduced consumer spending – a trend which could see average pay rises this year hit just one per cent, according to the Chartered
Last month more than 200,000 computers in 150 countries were infected during the WannaCry ransomware attack, including the systems of a number of NHS trusts. This cyber-attack caused mass hysteria and crippled a number of businesses and organisations – often
A new additional nil-rate band of £100,000 for Inheritance Tax (IHT) on main residences, when bequeathed to a direct descendent, came into effect at the start of the new tax year in April 2017. In 2018, 2019 and 2020, this
HM Revenue & Customs (HMRC) has again come under fire over its Employment Status Service (ESS) tool, which was first introduced in April to help contractors get to grips with recent changes to IR35.
A new study suggests that more than a third of Britain’s small and medium-sized enterprises (SMEs) want to see lower taxes after the upcoming General Election, while almost half want a business environment characterised by ‘less red tape’.
A record number of taxpayers are paying the highest rate of income tax, according to new figures from HM Revenue & Customs (HMRC).