Latest News & Events
Record high number of new UK based wine producers opening – up 25% in just a year
The number of new wine producers opening within the UK in a year hit a record high last year with 80 new wine producers starting up in 2017, up 25% from 64 the previous year, and more than double the 36 that opened five years ago*, our research shows.
Will 2018 be another strong year for the automotive sector?
With many automotive businesses entering 2018 with some nervousness and caution, the market has remained remarkably buoyant for the first four months of the year.
Amount of income tax paid by higher rate taxpayers up 9% in just one year to £54.3bn
The amount of Income Tax paid by higher rate taxpayers (individuals earning £150k+) has increased 9% in just one year to £54.3bn, up from £50bn in 2016/17, our research shows.
Meanwhile, the amount of tax paid by individuals earning less than £150k has increased just 1% to £123.3bn, up from £122bn the year before.
Academies Accounts Direction 2017 to 2018
Academies Accounts Direction 2017 to 2018 – our summary of the key changes trustees and finance staff need to be aware of.
Do you have a Requirement to Correct?
Requirement to Correct (RTC) legislation was introduced during the Finance Act 2017, to tackle offshore non-compliance. In simple terms it requires UK taxpayers to ensure that all foreign income and assets, where there may be UK tax to pay, have been correctly declared to HMRC by 30 September 2018.
Overseas, under scrutiny
‘Offshore’ and ‘Overseas’ have become dirty words in tax over the last few years. Partly because of genuine tax evasion coming to light through whistle blowers and data leaks but also because of a kind of trial by media where any foreign financial connection is viewed with deep cynicism.