Business News

Receipts rise as Corporation Tax rates fall

1 Jun 2017

Corporation Tax receipts reached a record high in the 2016-17 financial year, with a total of £56 billion collected, a 21 per cent year-on-year increase. These record figures come despite the main rate of Corporation Tax falling from 30 per

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Britain faces ‘a business support black hole’ post-Brexit, according to the FSB

1 Jun 2017

A new study from the Federation of Small Businesses (FSB) has indicated that the UK’s army of small firms will face a funding shortfall of around £3.6 billion by 2021 as a result of the UK’s withdrawal from the EU.

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Can you benefit from capital allowances on your business premises?

1 Jun 2017

If you own your own business premises, you may be entitled to claim capital allowances on some of the costs associated with the ‘intrinsic fabrication’ of the building. The ‘intrinsic fabrication’ of a building includes items such as lighting, heating,

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Could you benefit from Tax-Free Childcare?

2 May 2017

Last month saw a scheme which has the potential to offer major savings on childcare costs start to be phased in. Tax-Free Childcare will be open to working families – defined as couples or individuals who are each expected to

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HMRC goes “nuclear” in pursuit of unpaid taxes

2 May 2017

HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion. The figures, published by Funding Options,

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