Taxation


Access to Finance Stalls UK’s Business Competitiveness Score

Problems with getting access to finance has been cited as one of the main reasons that Britain’s position in the list of ‘best countries to do business in’ has fallen this year.
The World Economic Forum’s annual global competitive index was released recently and it documents how various countries around the world fare in terms of [...]

Audio Business Podcast - SME tips on how to challenge new business rates

From April 1st business rates are set to rise by an average of 5.77% across England and Wales. Experts warn that the increase, coupled with the painfully slow rates appeals process to challenge business rates, is stifling business growth in the UK. The estimated total amount of savings due back to UK businesses from the [...]

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 [...]

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