According to recent figures, 75% of British businesses feel weighed down by the burden of tax administration and compliance. It is believed that this has increased considerably in recent years, with some people describing the tax system as positively Byzantine.
By 2030, it is estimated that one in five jobs in Britain will be automated. When you consider that the workers currently doing these jobs pay income tax, this may pose quite a problem for the Inland Revenue. One solution that has been suggested is that of a ‘robot tax’.
Trump’s presidency has seen U.S. trade policies return to a bygone era of protectionism. At the start of July, the U.S announced $34 billion of tariffs on Chinese goods, suggesting that Trump has China firmly in his sights.
If your business is working on innovative projects within science and technology, whether your projects are successful or not, you may be able to claim research and development corporation tax relief.
The Apprenticeship Levy was introduced as a method of increasing national productivity. With the aim of developing vocational skills and increasing both the quality and quantity of apprenticeships in the UK, the government committed to 3m new apprenticeship starts in England by 2020.
Cyber-security is more important than ever before, as Serie A football club, Lazio, found out the hard way in March. After signing Dutch centre back Stefan de Vrij in 2014 from Feyenoord, Lazio agreed to pay his £6.8m fee in installments.
When we leave the European Union we will also leave the EU customs union. The question we all want to know the answer to is ‘what does that mean for me?’ Well first, let’s have a quick reminder of what the customs union is.
Headlines involving the finances of huge corporations such as Google, Facebook and Amazon will always attract interest and Google’s latest tax bill is no exception. It also opens up a wider conversation of the taxation of digital firms.
TSB haven’t had a good time recently, and the same can be said for the nearly 5 and a half million customers who still couldn’t access their accounts after 7 days of technical meltdown.
HMRC published the latest figures on personal income and taxation in the UK at the beginning of March.