Wage growth at highest since financial crisis Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.6% in the year to May 2019, the
VAT changes may cause construction chaos The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction sector
Working parents may be eligible for tax-free childcare this summer The government is reminding working parents that they could ease this summer's childcare costs by using Tax-Free Childcare (TFC). The scheme is
Private Residence Relief changes The government published draft legislation for the next Finance Bill including draft clauses on the changes to Private Residence Relief (PRR). The draft legislation is subject to consultation
Distribution of assets: Insolvency hierarchy changes From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency by
Digital Services Tax from April 2020 From April 2020, the government will introduce a new 2% Digital Services Tax on the revenues of search engines, social media platforms and online marketplaces which
Off payroll rules for the private sector The government has published the draft legislation for the next Finance Bill including the rules for off payroll working in the private sector. The legislation
Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to 'unfair tax outcomes' in the administration and
The UK Investmentn Support Directory is an online tool launched by the Department for International Trade (DIT) for international investors who wish to set up and expand their operations in the UK.
New measures to ensure SMEs get paid on time The government has announced a package of measures to ensure SMEs get paid on time. Under the proposals large businesses could be fined
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