Latest News & Events
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.
Increase in UK’s sparkling wine market reaches new high – but does slowdown in growth mean we are reaching ‘peak Prosecco’?
The amount of sparkling wine on sale in the UK has increased 5% in a year, to 35.8 million gallons in 2017 from 34 million gallons in 2016 – but the slowing in growth suggests we may be approaching ‘peak Prosecco’.
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.