Jul 22, 2021 | Business TaxPersonal Tax
The UK public borrowed £22.8 billion in June 2021, the highest level in the month in any year second only to June 2020, figures from the Office for National Statistics (ONS) show. It follows May's borrowing figure of £24.3bn, suggesting that the reliance on borrowing...
Jul 21, 2021 | Business Tax
The Government has announced reforms to the tax system to make it easier for small business and self-employed individuals filling out their tax returns. The changes will come into force by 2023 and see businesses and freelancers taxed on profits arising in a tax year,...
Jul 15, 2021 | Business Tax
The Government should introduce a £3/kg tax on sugar and a £6/kg on salt sold for use in processed foods or in restaurants and catering businesses to improve the UK's diet, an independent review recommends. The National Food Strategy claims that such a plan would...
Jun 22, 2021 | Business Tax
Government borrowing decreased this May as restrictions were lifted and tax receipts increased, the latest statistics from the Office for National Statistics (ONS) show. Public sector net borrowing - the difference between spending and tax revenue - stood at £24.3...
May 27, 2021 | Business Tax
The Government's £7.3 billion research and development (R&D) tax credit scheme is failing to spur investment in innovation and investment, concludes a report from the Centre for Business Research at Cambridge Judge Business School. It warns that while the...
