The National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS) have recently found that only one in four people who make financial gifts are aware of the inheritance tax (IHT) risks.
The Office for Tax Simplification (OTS) is urging HM Revenue & Customs to review the Pay-as-you-earn tax (PAYE) system for small businesses.
A pub chain has been placed into liquidation after its director caused the company to submit a number of inaccurate tax returns and generate millions of pounds of debt.
Leading tax and business experts have called for the simplification of business tax for the smallest of companies in the UK.
A new report by Tech Nation has listed the UK as the European hotspot for technology start-ups, and fourth worldwide for scale-up investment after the US, China and India.
UK food and drinks exports reached a record of £5.7 billion in the first quarter of 2019.
UK gross domestic product (GDP) has sailed past initial estimates thanks to a “noticeable pickup” in growth in the production and manufacturing sectors.
The last 12 months have marked a record breaking year for the UK export industry, new data has revealed.
According to the UK Government’s ‘Cyber Breaches Survey 2019’, 31 per cent of micro and small businesses and 60 per cent of medium-sized businesses have experienced a cyber-attack in the past twelve months.
HM Revenue & Customs (HMRC) has been given 28 days to delete voice records that were being held illegally.