Small firms and business start-ups will be spared any new red tape for the next three years and benefit from a bonfire of existing regulations. Until April 2014, the government is banning the introduction of any Westminster-inspired laws for start-up businesses or firms with fewer than ten employees. Ministers want to help small firms hire, [...]
With it being so close to the beginning of the new tax year it is no surprise at all that HMRC is once again grabbing headlines as a result of their continual bumbling antics. The latest fiasco pertains to last years shock tax demands when around 1.4 million people were sent a letter by HMRC [...]
I was interested to see that George Osborne is thinking about combining tax and national insurance, starting with a review in the Budget. If he does succeed he will rightly go down in history as one of the great reforming chancellors. My graphic of the UK’s chaotic system of taxation illustrates precisely what is wrong [...]
Savers who are set to fall into the higher income tax bracket from next month when the new thresholds apply are being warned to revamp their savings to avoid as much of the tax shock as possible. Defaqto analyst David Black On alert: Defaqto analyst David Black An additional 750,000 people will pay tax at [...]
Treasury sources have told the BBC that a lowering of corporation tax in NI could happen next year. Corporation tax is at 28% in the UK but only 12.5% in the Republic of Ireland. BBC presenter Andrew Neill told the Politics Show the treasury had long been against different rates of corporation tax within the [...]