The Chief Executive of the Institute of Chartered Accountants for England and Wales, Michael Izza, has warned the shadow business secretary not to place additional burdens on business in the wake of last week’s referendum. Continue reading
Monthly Archives: September 2014
Scottish devolution could prompt cities to call for devolved tax powers
The mayor of Bristol, George Ferguson, has called on the government to give cities greater powers to determine their own taxes, as the referendum on Scottish Independence begins. Continue reading
SME Abuse Leads to Class Action for RBS
The Royal Bank of Scotland is facing a group legal action from hundreds of business owners, it emerged today. Continue reading
Automatic RTI penalties delayed again for small companies
H.M.Revenue and Customs (HMRC) has announced that the introduction of Real Time Information (RTI) penalties will be delayed for small businesses for another five months to allow them to prepare for the changes. Continue reading
SME owners are looking to sell up ahead of next year’s general election
A recent article in the Sunday Times has revealed that a number of SME owners are considering selling up ahead of the next general election in order to avoid any potential changes to the entrepreneur’s relief. Continue reading
British SMEs lose £10bn a year, according to new research
The UK’s SMEs have lost £10 billion in the last year due to a lack of risk management in regards to their currency exposure, new research has found. Continue reading
BCC calls for simplified and reduced tax for businesses
Members of the British Chamber of Commerce (BCC) have called on all three major political parties to both simplify the UK’s overly complicated tax system, and reduce the amount of tax business pay before they generate a profit. Continue reading
UK moves up to ninth in thinktank’s list of best performing economies
The UK has climbed one place in a list of the world’s top performing economies, a global thinktank has said. Continue reading
SMEs are missing out on new funding options, according to new research.
Hundreds of SMEs may be missing out on new sources of funding due to a lack of awareness and understanding, according to a new study by Aviva. Continue reading
ONS inclusion of illicit trades and charities in data leads to upward revision of GDP
For the first time in its history, the Office of National Statistics (ONS) has used estimates of proceeds from charities, illegal drugs, and prostitution in its economic assessments of the UK – leading Gross Domestic Product (GDP) during and after the recession to be revised upward. Continue reading