Any tax increases the Government might be planning in order to recoup some of the money spent dealing with the pandemic must be carefully measured to avoid further shocks for businesses as they continue to… The post Autumn Budget 2021: Tax increases must be carefully measured to avoid more business shocks appeared first on London Business News | Londonlovesbusiness.com.
Government figures have revealed that petrol prices have almost reached a record high. The Department for Business, Energy and Industrial Strategy said, on Monday the average price for a litre… The post Petrol prices have almost reached a record high appeared first on London Business News | Londonlovesbusiness.com.
The Chancellor Rishi Sunak is considering cutting VAT by 5% on energy bills as Brits are facing an expensive winter amid soaring gas prices. The Financial Times has reported that… The post VAT cut on energy bills would be ‘a welcome relief for the public’ appeared first on London Business News | Londonlovesbusiness.com.
The Making Tax Digital initiative, which the Government states should be “making it easier for individuals and businesses to get their tax right and keep on top of their affairs”,… The post Small firms losing £25bn a year to tax admin as the Budget nears appeared first on London Business News | Londonlovesbusiness.com.
Wage inflation could lead to millions being less well off, says leading tax and advisory firm Blick Rothenberg. David Hough, a partner at the firm said, “The Government has a… The post Expert warns millions of people could be worse off with wage inflation appeared first on London Business News | Londonlovesbusiness.com.
The latest 2019-20 figures show London companies made a total of 17,210 claims, up from 14,685 made that this time last year. There were 15,005 successful R&D tax relief claims… The post London sees another rise in R&D tax relief claims appeared first on London Business News | Londonlovesbusiness.com.
A 7.5% rise in VAT hitting the hospitality industry in London and the South East from 1 October will slow the recovery and even trigger permanent closures, a tax expert… The post Tax and turnaround experts warn 7.5% VAT rise will hit hospitality sector including London appeared first on London Business News | Londonlovesbusiness.com.
Over half (56%) of contractors are planning a move to permanent employment due to the IR35 reforms which came into effect earlier this year. The study by leading small business insurance… The post Over half of contractors plan to move into permanent employment to escape IR35 reforms appeared first on London Business News | Londonlovesbusiness.com.
The Association of Independent Professionals and the Self-Employed (IPSE) has warned that the changes to IR35 contractor legislation that were introduced earlier this year are the “forgotten factor driving the… The post IR35 is the ‘forgotten factor driving the HGV crisis’ appeared first on London Business News | Londonlovesbusiness.com.
