During March, UK factories stockpiled resources at an explosive rate in preparation for Brexit. This was an unexpected 13-month high, something that has been unseen before in a major rich economy. The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI)...
UK retail sales grew by an annual 4.0% in February, which is only a slight decrease from January’s 2 year high of 4.1%. With Brexit on the horizon and the threat of an economic collapse within the UK, why are British shoppers still spending so much? Well, with a...
Recently, the New Economics Foundation (NEF) claimed that if the Government replaced the personal allowance of income tax and replaced it with a weekly national allowance, up to 200,000 of the poorest families could be lifted out of poverty. They proposed a weekly...
As a result of HMRC’s efforts to crack down on email and SMS phishing scams, it seems criminals are returning to the more traditional method of cold-calling unsuspecting households and threatening legal action if they don’t pay up. These scammers often...
A late change to the Finance Bill will bring back relief for acquired goodwill on the acquisition of businesses with eligible intellectual property from 1 April 2019. The restoration of relief for goodwill and customer-related assets is a welcomed return of a relief...
Although jobs in the financial sector may be taking a hit, a very specific type of accountant is claimed to be very sought after. According to Morgan McKinley’s UK 2019 Accounting and Finance salary guide, banks and investment firms are seeking to hire technical...
VAT-registered UK businesses that trade exclusively with the EU are being urged by HMRC to prepare for a no deal Brexit. 145,000 affected businesses received a letter from HMRC, detailing the changes to Customs, Excise and VAT procedures in the ‘unlikely...
Making Tax Digital (MTD) – Is a key part to HMRC’s plan to make it easier for sole traders and business alike to get their tax right. HMRC aim to become one of the most digitally advanced tax administrations in the world. If you are VAT registered and have...
With Brexit striking fear in the hearts of people all over the country, surveys have been done to find out what people expect to happen after the UK leaves the EU in March 2019. A recent survey showed that more than a third of small sized British companies are...
As announced in the Budget 2018, small retail businesses in England are set to benefit from a reduction to business rates. Business rates are to be reduced by a third for many retail properties with a rateable value below £51,000 for two years from April 2019, subject...
