HMRC figures out today show the tax authority believes small businesses are now responsible for 56% of the UK’s ‘tax gap’ – a total of £20.2bn in a single year*, says multinational law firm Pinsent Masons.
Category: Opinion
Some of the UKs leading business leaders and opinion formers share their insight and ideas for growth
HMRC’s tax gap for financial year 2021 to 2022 increases by £3.8bn
New data out today from HMRC today showed the estimate of the tax gap across all taxes and duties administered by the tax authority to be £35.8bn or 4.8% of theoretical tax liabilities. .
Lessons from Cineworld’s restructuring?
According to Sky News, Cineworld’s London-listed holding company is preparing to file for administration before the month end as a part of an extensive global financial restructuring plan.
The Ripple Effect of Brexit Tax on UK’s Small Businesses and Consumer Wallets
The United Kingdom’s landscape, characterised by its rich cultural heritage, economic dynamism, and intricate political scenarios, is once again at the forefront of international discussions.
Why embracing a Bare Minimum Monday mentality isn’t a wise career move!
At some point or another, all of us have surely experienced that overwhelming feeling of dread on a Sunday evening, as the working week ahead looms large like a dark cloud on the horizon.
Small business exodus predicted if Labour wins next election
If the Labour party wins the next general election many UK small business owners will either shut down or try to sell their business.
Why carbon offsetting is crucial for the future of the finance industry
Offsetting carbon output in the finance sector and why factoring environmentalism into a business plan is more important than ever.
Sunak Goes to Washington – but must come back with a free trade agreement
Prime Minister Rishi Sunak must discuss a full US-UK free trade deal when he meets President Biden, says the international delivery expert ParcelHero.
Unleashing Potential: Improving the employment prospects of autistic people
A startling statistic recently surfaced from the Office for National Statistics – despite 77% of unemployed autistic people being eager to work, only 29% are currently employed.
Prime Minister calls for UK to act as global leader in AI regulations amidst rising fears
Prime Minister Rishi Sunak has urged the UK to become a global leader in developing international regulations and guidelines around artificial intelligence, ahead of a meeting with US President Joe Biden next week.
The unsung hero for SMEs: Why invoice finance is crucial in tough economic times
There is something rather troubling at the moment regarding the future funding of UK (SMEs.
UK tech entrepreneur warns of impact of fake review ‘epidemic’
The CEO and co-founder of UK fraud detection platform, Pasabi, has addressed delegates at the Marketplace Risk Management Conference alongside key speakers from Uber, Google and eBay.
Almost half of U.K. employees find their work exhausting
Nearly half of U.K. workers are finding their work exhausting with 40 per cent feeling emotionally frustrated.
R&D tax reliefs revamp questioned
Government proposals to streamline the research and development (R&D) tax relief system have been called into question by top 10 accountancy firm Azets.
Fintech investment slump should be welcomed by the sector, says financial services leader
The recent fall in fintech investment will strengthen the financial services sector in the long-term, says a leading financial services figure.