HMRC records checks are to continue with their controversial business records checks (BRCs) after admitting they were reviewing the scheme following criticism that small companies were being unfairly targeted.
An HMRC statement said it will “examine whether the current approach …
The HMRC Public Accounts Committee has been attacked by a committee of MPs for the way they have allowed some big businesses to settle their tax bills.
The Public Accounts Committee aired “serious concerns” about how some large settlements had …
Bank reforms are to go ahead to prevent banks being bailed out in the future by the public purse.
George Osborne and Vince Cable will push ahead with the plans to separate high street lenders from “casino” investment banking.
Cable, …
Inflation fell in November partly due to supermarket price wars and a strong harvest, keeping food and petrol prices in check.
The Office for National Statistics (ONS) revealed that the consumer prices index fell to 4.8 percent in November, down …
New figures released today by the British Retail Consortium (MRC) have seen the poorest sales performance since May and 1.6 percent lower than the same month last year.
The BRC said that mild weather had hit winter clothing sales whilst …
The tax office is unaware how it is spending money on training and development, the National Audit Office (NAO) has said.
A report has found that £96 million was spent on skills training in 2010/11 but very little of that …
Bank governor Sir Mervyn King says that banks need to brace themselves for an “extraordinary serious and threatening” economic situation.
The crisis in the eurozone is the biggest threat to the UK’s banking system, the Bank’s Financial Policy Committee (FPC) …
Chancellor George Osborne gave his much anticipated autumn statement yesterday. He began by saying the Office of Budget Responsibility forecasts dropping to 0.9 percent in 2011 and 0.7 percent in 2012.
He then announced a number of measures that have …
HMRC chief Dave Hartnett was amongst a host of guest speakers at last Fridays UK Tax conference, which was attended by Steedman & Company’s Ricky Steedman.
The Professional Fee Protection (PFP) organised event was held for a select number of …
Tax Breaks for private lenders and investors would make it easier for small to medium enterprises (SMEs) to gain access to finance, the Forum for Private Business (FPB) has claimed.
The FPB wants the chancellor to give a tax break …