From 06 April 2017, all large companies with a turnover of £36 million or more will be forced to publish twice-yearly payment practice reports. Experts estimate that the ‘Duty to Report’ legislation, which will force LLPs and companies to detail
SMEs spending too much time on administrative tasks, says study - 21 February 2017
New research suggests that UK small and medium-sized enterprises (SMEs) are spending an average of more than four hours a week completing administrative and finance-related tasks – and losing approximately £8.72billion every year as a result.
HM Revenue & Customs (HMRC) has hailed its new personal tax accounts (PTAs) ‘a success’, after data revealed that more 7.4 million taxpayers had signed up for its digital accounts by the end of 2016. According to reports, the Revenue’s
EU proposes markedly lower country-by-country reporting threshold - 17 February 2017
The European Courts are considering a move to lower the threshold in which businesses must report country-by-country revenues, it has emerged. Targeting a much wider group of multinationals, the threshold could be reduced from €750m (£637m) to just €40m (£34m).
Crack down on unpaid CGT raises £140m for HMRC - 16 February 2017
New research suggests that investigations into unpaid Capital Gains Tax (CGT) managed to raise an additional £140million for HM Revenue & Customs (HMRC) over the course of the last financial year. The news comes as part of an ongoing crackdown
Spiralling business rates close four pubs every day - 15 February 2017
Around four pubs close their doors every day in the face of rising business rates, a new study has revealed.
Taxpayers waiting longer for HMRC enquiries to close, says study - 14 February 2017
A new study suggests that HM Revenue & Customs (HMRC) enquiries are taking longer to close – and that taxpayers had to wait an average of 60 days (or 24 per cent) longer for the Revenue to complete investigations last