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Small businesses are lining up to criticise corporations such as Google, Starbucks and Amazon over their tax arrangements. Executives from all three giants have faced an interrogation by the Public Accounts Committee at the Houses of Parliament. Companies such as Starbucks say that their operations in the UK are largely unprofitable, but according to some […]
If you are sending your tax return on paper, rather than online the deadline is midnight on the 31st October. You will need to send a tax return if you are, for example, self employed, a company director, receiving taxable income from overseas or having to pay tax that cannot be collected through PAYE. To […]
Taxes can be complicated, unless you’re well versed in the matter. If you do find taxes to be a struggle, it might be worth investing in an accountant, especially because the consequences for getting your taxes wrong, particularly over a long period of time, can be severe. If you have a complicated financial situation, then […]
HM Revenue and Customs have announced their latest tranche of measures to deter people from submitting paper-based tax returns, with a £100 penalty even if submissions arrive just a day late. Some have jumped up to say this is rather unfair, not least because HMRC gives people who file their returns on the Internet an […]
There’s a big controversy brewing regarding Starbucks, and their tax arrangements in the UK. Many independent coffee shop owners have expressed outrage that Starbucks has managed to pay very little in the way of corporation tax, while smaller and less resourceful cafes pay a larger contribution. Some people have even called for a boycott of […]
Alarming research from Prudential suggests that as many as 46% of small business owners do not contribute regularly into a pension fund – even though they are self-employed and are not automatically enlisted into a scheme. The main reasons for this appear to be the fact that many businessowners believe that they are not going […]
Metro Bank Supports SMEs With Cash Flow Problems Now here’s some exciting news: Metro Bank, which has more than 12 branches throughout London, is going to be helping small businesses to overcome cash flow problems by offering millions in funding. This is in association with Vince Cable, who is the Business Secretary in the existing […]
The FSB have claimed that small businesses across the UK are suffering from too much regulation which prevents them from growing effectively, in addition to making hiring new staff harder. The organisation further claims that those who are already in employment are protected more than those who actively seek work along with millions of others […]
It’s an age-old debate both here in the UK and across the Atlantic. With the Labour conference ongoing in Manchester – and Ed Miliband claiming that only the richest individuals benefited from the new 45p rate – there seems to be scepticism as to whether this tax break actually results in more revenue overall. Meanwhile, […]
The business group, The Material Security Working Group (MSWG), which includes a wide range of members including Friends of the Earth and the manufacturers' organisation, EEF, has asked the Government to be more proactive over the raw material shortage that is threatening the UK. MSWG says that there are a number of reasons why the […]