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 …
The month of October saw the UK’s new borrowing fall to £6.5 billion, down from £7.7 billion the year before.
The borrowing was lower than expected as growth in tax revenue was greater than spending, with most economists having predicted …
The Pay As You Earn (PAYE) system is to change from an annual to a monthly system, in a step designed to make it easier to manage for employers.
Real Time Information (RTI) will be used to transmit information to …
HMRC crackdown on the fashion industry – Read about it below in our article.
Fashion companies who use unpaid interns not being paid the national minimum wage will be targeted by HMRC.
A 12 person task force will make unannounced …
HMRC is planning to send penalty notices for late or missing monthly tax payments within the tax year as opposed to after April 19, which its current policy.
Many people have criticized the current regime for punishing employers by not …
HMRC are to send letters to medics and dentists this week in the next phase of its Tax Health Plan, which was originally launched in 2008 as an amnesty to unpaid tax.
This week though the 2,500 letters to be …