HMRC plans to increase up-front payments from tax avoiders


The number of tax avoiders forced to pay tax owed upfront could increase if a new set of government plans are approved.

HM Revenue and Customs (HMRC) has launched a consultation on proposals to change economic incentives for contractors that avoid paying levies.¬..  Read more

NIC cuts will save £5.5 billion per year


The government's plans to reduce employers' National Insurance Contributions (NIC) will save nearly £5.5 billion per year for businesses by the end of the parliament - the equivalent to £200 per employee.

According to HM Revenue and Customs (HMRC), the savings will be generated through the intr..  Read more

R&D tax credits


Small firms could be missing out on tax breaks and incentives because they are not aware of what they are entitled to.¬†This is according to a new survey by Baker Tilly, which reveals that many companies are not taking advantage of government schemes.¬†The research found that only 15 per cent of sma..  Read more

BCC: UK economy could strengthen in the short-term


The UK economy could strengthen in the short-term, according to the British Chambers of Commerce (BCC) Quarterly Economic Survey. After growing at a solid pace in 2013, signs point towards a positive year for the economy - news that is likely to spur further hiring among businesses.

For con..  Read more

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