It has been reported that UK businesses owe around £1.8 billion in corporation tax which is up 15% from the previous year, as many businesses find it harder and harder to keep up with their tax bills. The total corporation tax owed is now up to £1.82 billion, up from £1.59 billion last year. It could …

UK Businesses Owe Over £1.8 Billion In Corporation TaxRead More

The accountancy group, UK200Group, have spoken out over Her Majesty’s Revenue & Customs ‘Making Tax Digital’ plans, as they are concerned that some businesses will find it difficult to cope with the amount of information it will have to process under the new scheme. The Group are worried that it will put undue stress and pressure …

Accountancy Group Nervous About Making Tax Digital PlansRead More

The Institute of Chartered Accountants has urged the Government to keep the pledge they gave to place company employees in the boardrooms after there were signs that the promise given by Theresa May to do this was in serious jeopardy of being watered down. A recent Green Paper on this issue only stated that they …

Accountants Want To See Workers On Company BoardsRead More

Reports show that the amount of capital gains tax people in the UK paid last year was around £6.9 billion, which is up a whopping 24.6% from the previous year. This jump is believed to be down to increasing asset values and buy-to-let investors. The basic capital gains tax rate was 18% until 2010 when …

£6.9 Billion Paid In Capital Gains Tax Last YearRead More