In 2017, the UK tax revenue as a percentage of GDP rose to 33.3 per cent, up from 32.7 per cent the previous year. This is more than the average rise for Organisation for Economic Co-operation and Development (OECD) nations.
A new report published by a cross-party coalition of MPs has called on the Government to introduce a new mandatory ’30-day rule’ for payment terms, in a bid to help alleviate the UK’s late payments crisis.
The Government has written to 145,000 VAT-registered businesses which trade with the EU explaining the changes to customs, excise and VAT in the “unlikely” event that the UK leaves the EU without a deal.
HM Revenue & Customs (HMRC) has reminded millions of workers that they could collect an “early Christmas present” this year in the form of a tax rebate.
Research has indicated that 75 per cent of UK small and medium-sized enterprises (SMEs) may be failing to embrace workplace technologies such as cloud software, mobile working and bring your own device (BYOD) initiatives, which as a result could be
A new study suggests that small and medium-sized enterprises (SMEs) are struggling to come to terms with a number of big challenges and uncertainties at the present time – and could use a helping hand.
The Office of Tax Simplification (OTS) has published its first review of the Inheritance Tax (IHT) system after it was requested by the Chancellor earlier this year. In a letter addressed to the office in January, Chancellor Philip Hammond said
The Institute of Chartered Accountants in England and Wales (ICAEW) has this week petitioned against the Ministry of Justice’s (MoJ) plans to “drastically” raise the fees paid for probate.
According to new analysis from the latest ONS data commissioned by Santander Business Banking, the UK’s small and medium-sized enterprises (SMEs) have created three times more jobs over the past five years than larger businesses.
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