Business News

Spring Statement 2018

Posted in News | Posted on 13 Mar, 2018

By the time Chancellor Philip Hammond rose to his feet in the House of Commons to deliver the first Spring Statement, he had already offered plenty of hints that this would be a low-key affair.

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Cash payments plunge as digital payments become the default for many consumers

Posted in News, Newswire | Posted on 12 Mar, 2018

New research from finance and banking trade body, UK Finance, has found that debit card transactions will overtake those made with cash this year. Meanwhile, ATM usage peaked several years ago, with more than 2.9

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Chancellor calls for Inheritance Tax review to make regime “fit for purpose”

Posted in News, Newswire | Posted on 12 Mar, 2018

The Chancellor, Philip Hammond, has asked the Office of Tax Simplification (OTS) to undertake a review of the Inheritance Tax (IHT) system to ensure that it meets the needs of modern households. In a letter

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SMEs invest three working weeks a year on tax compliance

Posted in News, Newswire | Posted on 12 Mar, 2018

A new study, prepared by the Federation of Small Businesses (FSB), has found that the UK’s average small business spends nearly three working weeks every 12 months complying with tax rules. This costs SMEs around

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Does Nesquik attract VAT? It depends on the flavour, Revenue says

Posted in News, Newswire | Posted on 12 Mar, 2018

An apparently counterintuitive judgement was handed down last month by the Upper Tier Tribunal as it ruled VAT should be applied to the strawberry and banana flavours of Nesquik milk powder, but not to the

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Only a third of EIS taken up by companies outside London

Posted in News, Newswire | Posted on 12 Mar, 2018

New data from HM Revenue & Customs (HMRC) shows that businesses in London and the South East account for 66 per cent of the Enterprise Investment Schemes (EIS) uptake. Despite accounting for 62 per cent

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Milsted Langdon furthers expansion with Bristol acquisition

Posted in News, Newswire | Posted on 12 Mar, 2018

We are delighted to announce our further expansion through the acquisition of Houghton Stone, a firm of fellow accountants based in Bristol. We will incorporate all of Houghton Stone’s talented team into our Bristol office,

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Auto-enrolment final deadline passes

Posted in News, Newswire | Posted on 12 Feb, 2018

By 1 February 2018, all employers must have a workplace pension plan in place under the Government’s automatic enrolment scheme. Launched back in October 2012, auto-enrolment has seen millions of workers across the UK enrolled

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Excuses, excuses: HMRC reveals top late tax return apologies

Posted in News, Newswire | Posted on 12 Feb, 2018

HM Revenue & Customs (HMRC) has once again revealed the worst excuses that taxpayers have given them for failing to meet the 31 January Self-Assessment (SA) deadline. Whilst there are sometimes reasonable excuses for a

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HMRC offers practical support to businesses affected by Carillion’s collapse

Posted in News, Newswire | Posted on 12 Feb, 2018

The start of 2018 saw the somewhat unexpected collapse of one of the UK’s largest construction and contracting businesses, Carillion. Despite winning a number of new public sector bids, including a £1.4 billion contract for

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