Real Business takes a brief look at how Making Tax Digital came to be – and why such a “revolutionary” scheme was scrapped from the Finance Bill.
With these five tips, you can take the stress out of managing your business’ finances all year round, from forecasting and budgeting through to balancing your accounts.
Today the chancellor Philip Hammond announced the Autumn Statement and unveiled a range of tax reforms and investments. Here’s what businesses had to say about the statement.
The National Living Wage will increase from £7.20 to £7.50 from April next year, representing a pay rise of around £500 to a full-time worker.
The government is set to implement a new diverted profits restriction tackling tax relief for corporate interest expenses and “reform the way that relief is provided for historic losses”, according to chancellor Philip Hammond.
It’s hard to escape news of the Uber employment tribunal ruling, where a long-awaited decision on the status of two taxi-drivers working for the company found its conclusion. This really is the employment law case of the year. But why?
The high net worth tax affairs of 6,500 Brits are being examined by HMRC – and it’s raking in millions because of it.
20 entities in different parts of the world and all running different systems will typically take minutes rather than days to complete their group reporting using Cloud CFO
Fast-forward to 2020 and the UK will likely have left, or be in the process of leaving, the EU. While many companies resume “business as usual”, others will need to adapt and invest in order to remain competitive by the use of R&D tax relief.
The amount of businesses that had assets seized by HMRC to settle overdue debts spiked at an alarming rate over the last year at an increase of 145 per cent, found company finance service Funding Options.
On 26 July, the UK announced it will open trade offices in Minneapolis, Minnesota, Raleigh, North Carolina, and San Diego, California. The offices will promote UK businesses and build new economic ties, as similar existing offices in cities like Houston, Boston, Atlanta, Denver and Seattle have done.
A month has passed since the UK decided to leave the EU, and as the dust settles, David Gibbs, partner at Alliotts Accountants, looks at the tax implications and how businesses may be affected by the decision in both the short and long term.