Chancellor claims ‘austerity is over’ unveiling Spending Review

Chancellor Sajid Javid, revealing his new Spending Review, said that ‘austerity is over’ announcing significant increases in spending across most government departments. He also claimed that the increases showed that although cuts over the past decade had...

Conflict Over NHS Pensions

The government could be forced to change pensions rules in order to end conflict with NHS doctors. Doctors have recently been refusing overtime shifts after being hit with ‘punitive tax bills’ following changes to the amount that can be accrued tax-free. A...

UK Manufacturing Output ‘stabilised in three months to August’

According to data published by the Confederation of British Industry (CBI), manufacturing output in the UK has stabilised in the three months to August. The Industrial Trends Survey, published by the CBI, revealed that 15% of UK manufacturers reported total order...

PAYE Late Filing and Late Payment Penalties Remain Risk Based

HMRC has decided that, following a recent review, it will continue its risk based approach to Pay As You Earn Real Time Information late filing and late payment penalties this tax year. Instead of the penalties being issued automatically, the tax authority will...

Digital UK businesses struggle with complex tax regulations.

HMRC has revealed UK digital businesses are having difficulty with the complex nature of tax requirements Market research company Ipsos MORI carried out the study on behalf of HMRC, and interviewed 50 UK digital tech businesses across a range of growth stages, sizes...

OBR Warns That Public Borrowing ‘Could Double in 2020’

The Office for Budget Responsibility (OBR) has warned that public borrowing could double next year as a result of a no-deal Brexit. If the UK does secure an advantageous Brexit deal, borrowing is likely to reach £29.3 billion, the OBR stated. However, if the UK leaves...