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- Tax Saving Accountants
- 1 Dec 15
Council Tax Affected By A Population That Lives For Longer
Local Government Association (LGA) warns that council tax bills are due to cost £200 more for Band D properties over the next five years as generations live for longer. Social care spending is predicted to exceed the available funding of £2.9 billion by 2020. Chancellor George Osborne has given extra fundraising powers to local authorities […]
- Tax Saving Accountants
- 24 Nov 15
Debenhams is Bringing the Dreaded Santa Tax Back
Once again suppliers are being squeezed in the run-up to Christmas with the return of the dreaded Santa Tax for the third year in a row. Debenhams, for the second time in three years, has frustrated its suppliers in the run-up to Christmas by demanding a 1 to 2pc reduction on bills in return for […]
- Tax Saving Accountants
- 17 Nov 15
Self-Employment Booms Across The UK
The latest ONS figures show that self-employment is here to stay. After seven months of being in decline, the UK has seen the figures of self-employment rise significantly. The report was published by the Office for National Statistics (ONS) November 11th 2015. The number rose by 30,000 during the third quarter of 2015. Which is […]
- Tax Saving Accountants
- 9 Nov 15
HMRC’s Customer Service Failure Results In Tax Return Fury And Confusion
Millions have been left in the dark regarding their tax returns, PAYE slips and other financial documents due to a huge amount of unanswered HMRC phone calls. In the first half of the year, the HMRC were only able to successfully answer half of all calls made to them, with 39% of inquiries dealt with […]
- Tax Saving Accountants
- 2 Nov 15
Buy-to-Let Tax for Landlords
Landlords will now be punished with interest rate rises for running a business and investing in buy-to-let properties. Landlords, who put their faith with Conservatives for their extensive knowledge of the private renting sector, were quickly disillusioned once the Chancellor, George Osborne announced his new plans to regulate buy-to-let mortgages. New Restrictions on Buy-To-Let Tax […]
- Tax Saving Accountants
- 26 Oct 15
Facebook’s Tiny Corporation Tax Bill
Facebook Is Not Profitable In The UK Year after year, we have dealt with countless headlines of massive multimillion companies dodging their UK tax payments and saving millions. Facebook is the latest company in the spotlight; currently, the company pays less tax than the average UK employee. How Has Facebook Managed To Pay Less Tax? […]
- Tax Saving Accountants
- 16 Oct 15
Tory Working Tax Credits Cuts will Leave you Worse Off
A new study was conducted by the Resolution Foundation think-tank, which was released the day after David Cameron promised an “all-out assault on poverty” at the Manchester Conservative Conference. The study found that, in spite of a higher National Living Wage, the Working Tax Credit cuts would mean 200,000 children, predominantly from working households, will […]
- Tax Saving Accountants
- 12 Oct 15
Conservatives are rattled by Jeremy Corbyn and the Labour Party
The born republican Jeremy Corbyn has caused quite a stir in the political world. He has rattled the conservatives ever since he became the new leader of the Labour party, with his views and policies championing for the middle and working class. He addresses the issues of inherited wealth and inequality and has a strong […]
- Tax Saving Accountants
- 28 Sep 15
Labour Plans Tax Raids for a ‘Redistribution of Wealth’
Labour will soon be unveiling their plans for a “redistribution of wealth” with an attack on British business and a series of tax raids on the middle class. Shadow Chancellor John McDonnell will be using his first conference speech to talk about a potential “Robin Hood tax” when it comes to stock market trading. Meanwhile, […]
- Tax Saving Accountants
- 21 Sep 15
Landfill Tax Crackdown Welcomed by Waste Industry
Local police forces located in the north of England have joined powers with HMRC for a landfill tax crackdown. Together, the organisations will investigate suspected landfill tax fraud worth millions of pounds. Landfill tax fraud involves deliberately misclassifying waste, with material that is supposed to attract the usual rate of Landfill Tax being passed off […]