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.
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.
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’.
We are delighted to announce that the fundraising efforts of staff across our offices in the UK have raised over £15,000 for our 2017/18 national charity, the Mental Health Foundation.
HMRC have increased their spend on private sector debt collectors by 62% in the last year to £39m in 2017, up from £24m in 2016.
We advise that Peter Kubik and Michael were appointed Joint Liquidators of More Booze Ltd, a retailer of alcohol, on 8 May 2018 following meetings of the members and creditors of the company.
There has been a 20% increase in the amount of income tax collected from the top five towns with the highest average payments over the last five years.
We advise that Peter Kubik and Michael Kiely were appointed Joint Liquidators of Affluent Care Services Ltd, providing accommodation and support services, on 4 May 2018 following meetings of the members and creditors of the company.
We advise that Peter Kubik and Michael Kiely were appointed Joint Liquidators of Euro Tyres Connection Limited, a new and used tyre supplier, on 2 May 2018 following meetings of the members and creditors.
The statistics show that a series of Government crackdowns over recent years have virtually eradicated aggressive Corporation Tax planning.