Brexit impact has been a hot topic of debate in our offices over the last several months. We have been asking what affect, if any, that Brexit will have on us as professional accountants and tax advisers.
The economy covers production, distribution and trade while also referring to the consumption of services and goods by various agents (such as businesses, organisations and government as well as individuals). Read our posts about the economy to learn more.
Posts
With the accelerated payment scheme now brought in by HMRC this may be a good time for clients who have concealed income offshore or have been party to a tax avoidance scheme, to consider making a voluntary settlement.
Optimism that UK Business is doing the best it has done in over two decades has been bolstered by a new survey by Lloyds. The research has shown that belief has surged over the past few months throughout the UK and in the vast majority of sectors. More studies have highlighted even more growth in the areas of export and investment over the coming year which is a good reason to start feeling good that things are finally improving.
The UK’s public sector recorded an unexpected deficit in July. Public sector net borrowing totaled £62 million, according to the Office of National Statistics (ONS).
In June of this year UK manufacturing showed its strongest growth in two years. This appears to have boosted many people's hopes of an economic recovery. The purchasing managers' index (PMI) was 52.5 last month, which is a strong indication of growth since any figure above 50 is considered an improvement.
Eurozone unemployment stood at 12.2% in April. More than 95,000 new people were out of work with the 17 Eurozone countries having 19.38 million unemployed.
EU leaders have been urged to help take action on extreme corporate tax avoidance schemes by large corporations at the latest EU summit.
