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Business News

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Business News

Off-payroll changes to be reviewed

The expansion of the off-payroll rules into the private sector will be reviewed, says Chancellor of the Exchequer Sajid Javid. In 2017, HMRC introduced new off-payroll rules to the public…

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03/12/2019
Business News

UK SMEs owed £23.4 billion in late payments

Late payment debts owed to the UK's small to medium-sized enterprises (SMEs) now total £23.4 billion, according to new research from Pay.UK. A survey conducted by Pay.UK, which runs the…

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02/12/2019
Business News

HMRC collects record £133 billion in VAT

Data published by HMRC has revealed that the Revenue collected a record £133 billion in VAT during the 2018/19 tax year. HMRC revealed that total VAT receipts increased by 5.3%…

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29/11/2019
Business News

Services sector profits fall sharply

Profitability in the UK's services sector fell at the fastest rate in eight years in the three months to November, according to the Confederation of British Industry (CBI). The CBI's…

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28/11/2019
Business News

Research reveals UK firms spent £25 billion on R&D in 2018

Research published by the Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018. The ONS data found that total…

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27/11/2019
Business News

New version of IR35 checking tool released by HMRC

HMRC has released an updated version of the Check Employment Status for Tax (CEST) tool, which is used to determine whether a contractor should be classed as self-employed in line…

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26/11/2019
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