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 [...]
Troubled Entain appoint Wall Street activist to board in bid to soothe investor unrest January 3, 2024 Entain has appointed Eminence Capital founder Ricky Sandler to a non-executive role on its board of directors.
‘Side hustle tax’ to see online platforms like Ebay, Airbnb and Amazon share seller details with HMRC January 2, 2024 This will allow tax authorities to detect and tackle tax evasion, while also levelling the playing field with how traditional businesses are treated for tax purposes, according to HMRC.
Year in review: Rogue ministers and fiscal headaches, how did Sunak do in 2023? December 27, 2023 As 2023 limps to an end, and Sunak nears the deadline for his "five pledges", Eliot Wilson takes a look at the year that was in UK politics.
Year in review: Rogue ministers and fiscal headaches, how did Sunak do in 2023? December 27, 2023 As 2023 comes to an end, Eliot Wilson takes a look back at the year that was in UK politics, from policy to scandal
Why 2023 might mark the end of the ‘London exodus’ as house prices stabilise December 26, 2023 Fewer Londoners ventured outside the M25 in 2023 to buy a home elsewhere, according to an index. Londoners collectively spent an estimated £28.7 billion on homes outside the capital this year, which was £11.7 billion less than in 2022, estate agent Hamptons found. It highlighted two factors at play in the market – the first [...]
Government profits from surging insurance costs as tax on policies soars December 21, 2023 HMRC tax receipts for the first two-thirds of the 2023-24 financial year showed that £6bn was collected in IPT. This was an 11 per cent jump on the £5.5bn raised over the same period last year.
Sniffer dogs root out drug use at Tory donor JCB’s UK factory: report December 20, 2023 Manufacturing giant JCB is investigating a string of drug use incidence among its workers based at its Staffordshire headquarters.