by admin | Apr 8, 2024 | Latest News for Business
HMRC’s decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the Federation of Small Businesses (FSB).
The tax authority had announced that it was closing its self assessment...
by admin | Apr 8, 2024 | Latest News for Business
The Chancellor made further changes to National Insurance contributions (NICs) following the cuts made in the Autumn Statement 2023. The rates for NICs will be cut by two percentage points for both employees and the self-employed from 6 April 2024.
This will see...
by admin | Apr 8, 2024 | Latest News for Business
The UK’s business groups warned that challenges remain despite the Chancellor delivering an encouraging Spring Budget.
The British Chambers of Commerce (BCC) said that while the cut to NICs would ‘boost jobs’ it had failed to ‘shift the...
by admin | Apr 8, 2024 | Latest News for Business
New guidance from HMRC on Research and Development (R&D) tax relief ‘could be clearer’, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
HMRC’s draft guidance covers the restriction applying for contractor...
by admin | Apr 8, 2024 | Latest News for Business
The Bank of England held interest rates at 5.25% despite continued falls in the rate of inflation and a return for growth for the UK economy in January.
The Bank’s Monetary Policy Committee (MPC) voted by eight to one to hold the base rate at 5.25%, the...
by admin | Apr 8, 2024 | Latest News for Business
The productivity and efficiency of SMEs is suffering as a result of poor HMRC services, according to members of the Association of Chartered Certified Accountants (ACCA).
In a survey of ACCA members, 66% said that poor HMRC services were having a negative impact...