News

Businesses would struggle if interest rates rise

1 Dec 2015

A new report by insolvency trade body R3 has revealed that as many as one-in-five businesses might find themselves in difficulty if interest rates were to rise by at least one percentage point in the next 18 months.

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Pension savers still in the dark about tax

1 Dec 2015

According to new research, more than half of pension savers are unsure of the tax rules surrounding the pension freedoms introduced earlier this year.

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HMRC confirms stance on VAT accounting changes

1 Dec 2015

UK businesses only need to change the way that they account for VAT on transactions between overseas members of the same corporate group if they operate in countries whose tax laws work the same way as in Sweden, HM Revenue

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FRC calls for clear year-end reports from smaller firms

1 Dec 2015

The Financial Reporting Council (FRC) is calling on smaller listed companies to write concise and understandable year-end reports with clear explanations of how they generate cash flow as well as detailed information about accounting policies.

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HMRC turns attention to ‘affluent’ taxpayers

1 Dec 2015

HM Revenue & Customs (HMRC) has announced that it has doubled the number of inspectors trawling through the tax files of individuals earning £150,000 or more.

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