The UK is at risk of becoming an “innovation wasteland” if the Government proceeds with its previously announced plans to reduce research and development (R&D) tax relief, according to the Federation of Small Businesses (FSB). Chancellor Jeremy Hunt revealed in his Autumn Budget in November that the tax relief for small firms would be slashed […]
After a year of anxiety and insecurity about the year to come – and despite widespread predictions of a continued risk of recession – both business founders and employees are optimistic about their prospects in 2023, according to a new study reported on by Business Leader. After surveying over 2,100 entrepreneurs and working professionals in […]
Amid continuing talk lately about whether the UK could – after all – manage to avoid falling into recession during 2023 after it had long been predicted, the Confederation of British Industry (CBI) has urged the Government to use the upcoming Spring Budget to make the moves that will help inspire growth. A key demand […]
Could the tax system be key to the UK’s efforts to fulfil its green energy generation targets? The answer to that could well be yes, at least according to industry leaders who have said a clear plan is needed – complete with tax incentives to help get crucial developments off the ground. As the 2023 […]
Recent weeks and months have seen plenty of negative headlines documenting what sometimes appear to be less-than-inspiring prospects for the UK economy. However, there is also emerging evidence that there might be much more reason for hope for the national economy than many people expect. This came to our minds when we saw a recent […]
On the backdrop of an estimated £469 million worth of Research & Development (R&D)-related error and fraud having happened during the 2021/22 financial year, a Parliamentary inquiry has found that reforms to R&D tax relief set to be put in place by the UK Government probably won’t be sufficient to prevent bogus claims. The report […]
While it is not exactly news that the recent business climate has been a testing one for small firms up and down the UK, it would seem that international trade is a particular challenge for such companies – if, indeed, they are able to partake in it at all. This became apparent in the results […]
With worries about sluggish productivity having long been a prominent theme of business discussion in the UK, it has been intriguing to see how employers up and down the country have reacted to the rise in recent years of remote and hybrid working models. The hybrid working approach, of course, is defined by employees spending […]
A New Year means a lot of things to a lot of people – and for many millions of people around the UK, it certainly means a requirement to file their self-assessment tax returns before the first month of 2023 is over. It is therefore timely that new figures have just been released, showing that […]
A massive change to how millions of self-employed people and landlords will be expected to report income tax in the UK has been delayed for a third time. The UK Government confirmed on Monday, 19th December, that it was “giving a longer period to prepare” for Making Tax Digital (MTD) for Income Tax Self Assessment […]
