Nadhim Zahawi, the new chancellor of the exchequer, has called for a review of the UK’s corporate tax policy in a clear hint that a rise from 19p to 25p due next year could be reduced or scrapped.
Category: Finance
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Sky Sports presenter Alan Parry hit with £356,420 IR35 tax bill
Sky Sports presenter, Alan Parry, has had his appeal against a £356,420.37 IR35 tax bill dismissed at a First-Tier Tax Tribunal hearing.
Making money vs. raising money: Funding your business without venture capital
There seems to be a prevalent belief in the business community that to advance and expand your business, it is essential to have external investment.
Challenge to retail prices index rejig ‘could trigger £40bn compensation payout
The Government could be forced to pay a compensation bill as big as the entire defence budget if a legal challenge launched today over the rejigging of the retail prices index succeeds.
Banking battle for customers heats up as Nationwide introduces 5 per cent interest rate
The battle for customers is increasingly heating up in the UK banking scene with one major current account provider now offering 5 per cent interest on balances up to £1,500 for the first 12 months .
Monzo poised to press on with crypto plans
Monzo is likely to press ahead with its crypto investment plans despite the current crash in the market, its co-founder said today.
Chanel handbags lead the way in alternative investments
Jettison the Jackson Pollocks, chuck out the Château Latour and find more space in your collection of high-value, high-status items for Chanel handbags and Rolex watches.
Internet Explorer 11 retirement – what does it mean for you?
Internet Explorer 11 (IE11) is the last man standing in Microsoft’s line of IE browsers. Originally, Microsoft had planned to retire IE11 in 2025 but, last year, the firm announced the date had been brought forward to 2022
VAT revenues rise to highest amount ever as HMRC pockets £157bn in just one year
HMRC collected a record £157.2bn from VAT bills in in the last tax year, a 55 per cent jump on the £101bn collected in 2020/21, after businesses were forced to make up for VAT payments they deferred during the pandemic.
Profitability on a knife edge: 2.1million UK SMEs are ‘just about breaking even’
UK SMEs are ambitious for the opportunity to regain lost ground post-pandemic, but risk being held back by a myriad of mounting pressures including rising costs and cashflow challenges.
Six ways to ensure you aren’t paying too much tax
With the average British household now paying £1.1 million in taxes over their lifetime, Perrys Chartered Accountants provides its six top tips to make sure you aren’t overpaying.
Gucci to accept crypto payments at US stores in digital asset push
The company recently revealed that owners of items from two of its NFT projects, SuperGucci and Gucci Grail, would be given special access to pre-order a Gucci collection before its general release.
Gucci is doubling down on its support for crypto with plans to start accepting digital asset payments across US stores in the coming months.
Insolvencies set to rise as government support ends
Despite a return to normal for many economies in 2022, insolvencies are set to rise according to a new report.
Employees who claimed home office tax relief during the pandemic could end up paying more tax this year
Employees who have been claiming “Home Office Relief” during the Covid 19 Lockdown should be urgently reviewing their tax codes to clarify whether HMRC have included the relief within their notice of coding.
UK shoppers face more identity checks when buying online
Online shoppers in the UK face more identification checks when paying for purchases on the internet from Monday, as new rules to clamp down on fraud come into force.
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