The government claims that there will be a so-called ‘plastic packaging tax’ introduced in 2022. The government has also stated that plastic packaging accounts for 44% of the plastic used in the UK. The UK generates over 2 million tonnes of plastic...
HMRC is urging firms to register for Making Tax Digital (MTD) for VAT before the VAT filing date on the 7th August. Revenue & Customs stated that ‘many of the 1.2 million businesses affected by MTD’, which came into place for VAT periods on 1st April...
The UK’s economic growth is ‘stalling’ amid a ‘manufacturing slowdow’, warns the British Chambers of Commerce. The BCC’s most recent Quarterly Economic Survey gave evidence that the balance of manufacturing firms reporting improved...
Insurer Hiscox has published data which reveals that 61% of small UK firms have experienced a debilitating cyber-attack in the last year. The data found that the cost of dealing with a cyber-attack has sky rocketed for many small businesses. It also suggested that...
HMRC has repaid £1.8 million in tax penalties to 4,885 parents who were fined for failing to register for the High Income Child Benefit Charge. The High Income Child Benefit Charge is payable by a taxpayer who has ‘adjusted net income’ in excess of £50,000...
The Resolution Foundation has carried out research which suggests that young people are ‘less likely to move around the country for a better job’ as rental costs have risen considerable The research showed that the number of people aged between 25 and 34...
