Bytes Technology: NHS and HMRC contracts help lift profit as dividend hiked October 15, 2024 IT provider Bytes Technology has posted an uptick in income and operating profit as new and existing clients invest in their software. In its half year results for the six months ended 31 August, Bytes said gross invoiced income jumped by 13.7 per cent to £1.2bn, largely driven by software and from public sector contract [...]
London Stock Exchange Group unit continues fight against £167m tax bill October 15, 2024 Lawyers for a London Stock Exchange Group unit are set to appear in court today as the company continues its legal battle against a whopping £167m tax bill.
Let them tax cake! Top accountant gives alternatives to business-bashing tax hikes October 14, 2024 While rumours swirl of potential hikes to Capital Gains Tax and the employer National Insurance rate, one top tax accountant has said the government should look elsewhere instead of targeted business-related taxes. His suggestion: Cake.
Rising buyer confidence boosts UK residential property market September 27, 2024 HMRC data shows that residential property transactions increased due to buyer confience and more mortgage options
Pay tax on your gifts, top accountancy firm warns politicians amid Labour row September 26, 2024 Politicians should pay tax on gifts in the same way that other industries and individuals do, a leading accountant has said. Currently, firms and workers in sectors where gifting is commonplace and an element of their profession – such as the media industry or online influencers – are made pay to income tax and, in [...]
The ultra rich exodus has made an exit tax tempting. Would it work? September 25, 2024 Millionaires are leaving the UK in record numbers, prompting the Resolution Foundation, an influential left-wing think tank, to propose an exit tax.
Freezing orders skyrocketed as HMRC cracks down on suspected criminal activity September 23, 2024 HMRC's use of account freezing orders has jumped by 170 per cent over the last three years, due to its crack-down on suspected criminal behaviour
English football referees’ v HMRC: Top UK court dismisses £584,000 tax appeal September 16, 2024 The Supreme Court has dismissed an appeal from the football refereeing body regarding the employment status of 60 referees after the body was hit a £584,000 tax bill. HMRC hit Professional Game Match Officials Limited (PGMOL) with the tax bill after it determined it should have paid taxation and National Insurance payments for the tax [...]
Small business tax evasion costing HMRC billions as ‘significant gaps’ persist September 9, 2024 Small business tax evasion has caused the UK to lose billions of pounds of revenue a year as "significant gaps" in the UK's tax authority's strategies persist.
The Bank of London Group handed HMRC winding-up order after chief steps down September 7, 2024 The Bank of London Group, a fintech unicorn boasting Peter Mandelson on its board, was handed a winding-up petition by the UK's tax authority just two days after saying its founder would step down as chief executive, City A.M. can reveal.