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The Pensions Regulator made 192 ‘fixed penalty’ notices of £400 in the first quarter of 2015, up 120% from the previous quarter, according to Creative Auto Enrolment, a pension adviser. Fines on employers for not complying with new workplace pension duties increased sharply in the first four months of 2015. In April ... Read More
Britain's construction industry experienced a sharp slowdown in activity last month, with output and new orders growing at their slowest rates since June 2013.  The Markit/CIPS UK Construction PMI dropped to 54.2 in April, down from 57.8 in March and below the projected figure of 57.4.
It’s common for new businesses to incur hefty start-up costs.  While you can claim a tax deduction from profits for these, tricky rules mean you might not be entitled to reclaim all the VAT.  What steps can you take to maximise the VAT recovery? Pre-registration rules Special rules exist to ... Read More
Having had a number of meetings this week about "the cloud" it would appear that whatever way you turn it is a buzz word looming over accounting software.  There are the benefits of being able to access your information from anywhere with an internet connection, with the problems that arise ... Read More
David Savill, head of owner managed business services at Bishop Fleming, appears to have disappeared from HMRC's records.  All this despite not having moved from his home in 17 years. "Having paid considerable sums in tax every year for three decades, and not having moved home for 17 years, I could ... Read More
Directors at HMRC have defended their management of the 400 tax reliefs in the UK, despite admitting that they don't know how much some of them cost. A report by ... Read More
Up to three million people with more than one source of income face backdated tax bills of £2,000 per year because of errors by HM Revenue & Customs. Among those most likely to be affected are veterans who have taken a civilian job after leaving ... Read More
ALL 281 of HM Revenue & Customs' enquiry centres are to be mothballed following a successful seven-month trial of alternatives in the north east. In its place, HM Revenue & Customs is to introduce a "flexible" telephone service, while visits can be made to "a range of convenient locations" including taxpayers' ... Read More