No dipping out on tax as Walkers’ Sensations Poppadoms deemed ‘crisps’ January 19, 2024 Walkers’ Sensations Poppadoms ‘are similar to potato crisps’ and therefore are not eligible for the zero-rated VAT, rules Tax Tribunal. Walkers Snack Foods, the subsidiary of US food giant PepsiCo, appealed a decision by the HM Revenue and Customs (HMRC) that certain products sold by the Walkers are taxable at the standard rate. Walkers contend [...]
Current VAT threshold poses threat to small business growth, FSB warns January 16, 2024 The Federation of Small Businesses (FSB) said today that an increase from £85,000 to £100,000 would be "key" to unleashing those who may be stuck in "economic firepower".
How one manufacturer collapsed into administration owing over £100m before being rescued January 16, 2024 The story of how a group that manufactured buses and police cars collapsed into administration owing more than £100m and led to over 150 people to lose their jobs has been revealed for the first time.
Post Office could face £100m bill and insolvency, tax expert says January 13, 2024 The Post Office could be facing a £100 million bill and insolvency after claiming tax relief for its compensation payments to subpostmasters, according to a tax expert.
Fujitsu sees £786m wiped off value amid Post Office scandal January 11, 2024 Fujitsu has had more than a billion dollars wiped off its value within just eight days, according to data platform Alt Index.
Fujitsu staff at HMRC to strike next week in shadow of Post Office Horizon scandal January 11, 2024 Fujitsu staff contracted to HMRC are set to strike next week, amid building pressure on the IT firm which supplied the faulty Horizon software at the heart of the Post Office scandal.
Zahawi: ‘An honour’ to chair The Telegraph as rumours swirl of boardroom appointment January 10, 2024 Tory MP Nadhim Zahawi said on Wednesday it would be "an honour" to chair The Telegraph, if the opportunity arose.
HMRC: Accountants urge Brits to fight taxman as penalties spike to new record January 10, 2024 The value of HMRC tax penalties surged by 25 per cent between 2022 and 2023 to its the highest level on record, new data has shown, as the government faces criticism for unfairly fining struggling businesses.
As the Post Office Horizon scandal deepens Fujitsu posts £22m UK profits January 9, 2024 Fujitsu has recorded £22m in UK profits amid the escalating Post Office Horizon IT scandal.
National insurance cut by 2 per cent January 6, 2024 The main rate of national insurance was today cut by two percentage points, from 12 per cent to 10 per cent. The move, announced in last year’s autumn statement, was hailed by the Conservatives but Labour called it a “raw deal” and economists said many households are still facing the burden of high taxes. Chancellor [...]