Taxation


Summary of UK Chancellor’s Autumn Statement 2011

The Chancellor has today delivered his autumn statement to Parliament, alongside the publication of the Office for Budget Responsibility’s updated forecasts for growth and borrowing. He announced permanent reductions in spending to ensure that the UK meets its fiscal targets, using some of those savings in the short term to fund infrastructure investment to generate [...]

Good business, bad business - Reactions to Ed Miliband’s speech to 2011 Labour Party Conference

Institute of Directors
Commenting on Ed Miliband’s speech at the 2011 Labour conference, Miles Templeman, Director General of the Institute of Directors, said:
We would like to know how Ed Miliband plans to identify and reward ‘good’ companies over ‘bad’ ones. In practice, we think he would find this neither straightforward nor desirable. He should have more [...]

Freelancer Wins Seven Year Battle with HMRC in Significant IR35 Ruling

Tribunal cites lack of ‘mutuality of obligation’ as key to ruling in favour of taxpayer.
A seven-year battle with the taxman has ended in victory for PCG member Mark Fitzpatrick.
The long running IR35 dispute reached a conclusion when a tribunal cleared Mark of using his limited company MBF Design Services (MBF) to avoid tax, in reference [...]

Web site launched as a one-stop-shop resource about the Comprehensive Spending Review

Advanced Computer Software Group plc (Advanced) has announced the launch of www.csr10.com, a ‘one stop shop’ resource about the Comprehensive Spending Review.
The Comprehensive Spending Review 2010, which will be announced on 20 October 2010, will deliver significant public sector budget cuts, forcing Government departments and public sector organisations to make spending cuts of up to [...]

VAT rises to 20% - Emergency, Post-Election, Budget - June 22nd 2010

Chancellor George Osborne announced today that the standard rate of VAT will rise to 20% from 4th January next year (2011).
This is one of his measures for accelerating the reduction of the nation’s deficit.
Other measures included:

2 year pay freeze for public sector workers earning over £21,000.
reducing tax credits for families earning over £40,000.
and what he [...]

IR35 looks set for the scrapheap

PCG (the professional association supporting freelancers, contractors and consultants) was established to fight the introduction of IR35, so today’s announcement that it is to be replaced will be welcomed by freelance workers throughout the UK.
It is a triumph for common sense over political dogma.
In the Coalition’s full programme for Government, published today (20th May) the [...]

UK Budget 2010 - Measures For Supporting Business and Growth

The UK Treasury has released further information following the Chancellor’s Budget Statement (Wednesday March 24th 2010). The following is an excerpt from the notice that outlines the particular measures for supporting business and growth.

The Government took decisive action to support the economy during the financial crisis and its aftermath. As the UK emerges from [...]

Alistair Darling confirms return to 17.5 percent VAT on January 1st 2010 in Pre-Budget Report

The UK Chancellor of the Exchequer,  Alistair Darling, introduced a temporary lower rate of VAT in last year’s pre budget report.
There was some speculation that he might have extended this reduction beyond the original term. However, in today’s pre-budget report statement to the House of Commons, he said:
I can confirm that VAT will return to [...]

No Sacred Cows in Pre-Budget Report Please - British Chambers of Commerce (BCC) Economic Forecast - December 2009

British Chambers of Commerce (BCC) Economic Forecast - December 2009
Ahead of the Chancellor’s Pre-Budget Report, the British Chambers of Commerce (BCC) has today published its latest Economic Forecast. The business group, which calls itself “the National Voice of Local Business”, has made downward revisions to its GDP expectations for 2009 and 2010, but is more [...]

Advertising

RSS World Business Report

  • WBNews: Wall Street update 03 Feb 2012 February 3, 2012
    Wall Street celebrates as unemployment in the United States falls to its lowest for almost three years. The surprise drop in the US unemployment rate has pushed the Dow share index in New York to its highest level since May 2008, four months before Lehman Brothers went bankrupt.

RSS Peter Day's World of Business

  • GlobalBiz: The Road Ahead For Electrical Engines? 04 Feb 12 February 4, 2012
    Alexander Schey is just 26, and in the garage of a fairly ordinary house in west London where he, and a few other fellow London students, built a battery powered electric car. Then, to raise awareness of their new battery management system, they drove along 25-thousand kilometres of the Pan American Highway. But this was more than just an elaborate student […]
  • GlobalBiz: Do It Yourself Jobs: 28 Jan 12 January 28, 2012
    If times are hard, why not set up your own business rather than try to find a job somewhere else? Peter Day hears from young entrepreneurs who think that one way of beating recession is to start from scratch. Producer: Caroline Bayley Editor: Stephen Chilcott

RSS Money Box