Amazon and eBay could be liable for billions of pounds in unpaid VAT if they fail to properly investigate traders using their sites to escape sales tax.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
150,000 landlords could have to pay higher tax bills as Budget changes take effect
George Osborne is facing a fresh challenge from Conservative MPs over his budget after it emerged that his overhaul of the tax treatment of landlords is set to drag almost 150,000 people into the higher income tax bracket.
RBS sinks to £134m loss as misconduct begins to bite
The cost of misconduct and restructuring has helped drag Royal Bank of Scotland to an operating loss of £134 million with the bank warning that more was to come.
Jeremy Corbyn pledges to go to Beijing to stop China dumping steel
Jeremy Corbyn has said he would be willing to go to Beijing if necessary to continue lobbying China not to dump steel at under cost price, following a visit to a plant in Scunthorpe where 900 job losses were announced last week.
Second teen arrested in London over TalkTalk hack
Police have made a second arrest, a 16-year-old boy from west London, in connection with the TalkTalk hacking.
Combined wealth of UK property investors rises 40 per cent in a year, hitting a record over £300bn
The UK’s real estate investors are richer than ever before, with £306bn of wealth – a new record.
Morrisons is sued by staff over leak of data online
Thousands of former and present staff at Wm Morrison are to sue the supermarket group in a class action after their personal and financial information was leaked online.
Women now make up 25% of top 100 boards
UK top companies have reached a “major milestone” in increasing the number of women in their boardrooms, but more needs to be done, a report says.
Curry squeeze at Asda after supplier goes into administration
S&A Foods, maker of Asda own-label ready meals, claims it had no alternative but to appoint administrators after supermarket opted to use another supplier
Dyson counter-sued by Bosch over ‘cheating’ allegations
The German manufacturer has hit back against claims it misled customers, launching legal proceedings against Dyson
Shop Direct annual profit rises 78% to £71.7m thanks to strong sales of fashion brand Very
Shop Direct said annual profit rose 78 per cent to £71.7million as it was boosted by strong sales of fashion brand Very.
Lloyds profits jump despite £500m rise in PPI costs
The banking giant is lobbying for regulators to draw a line under the PPI misselling scandal as soon as possible, to bring an end to the blight on its finances
BT-EE merger cleared by Competition and Markets Authority
BT Group’s purchase of mobile phone network EE has been provisionally cleared by the Competition and Markets Authority (CMA).
Twitter fails to add any new users in US for second straight quarter
Stock plummets 10% after company releases third-quarter results revealing its number of US users has remained flat at 66 million since start of the year
Apple has its ‘most successful year ever’
Apple reported strong sales of iPhones in its latest quarterly results last night, but growth in China, where the company has big expansion plans, showed signs of cooling.
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