The Association of Taxation Technicians (ATT) has called for the government to protect businesses from the “strange arithmetic intricacies” resulting from the permanent increase of the Annual Investment Allowance to prevent them unwittingly going over their allowances this year. The government confirmed in November’s Autumn Statement that the level of the Annual Investment Allowance, which […]
Research from Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM) reveals that almost all (96%) UK businesses are finding it difficult to maintain a competitive edge and, should a recession hit in the next 6-12 months, just under a third (27%) will reduce their workforce. There is no single dominating issue driving […]
HMRC has written to more than 2,000 companies as part of its ever-increasing compliance activity to crack down on fraudulent and inaccurate R&D tax relief claims. The ‘nudge’ letters encourage recipients to check that their previous R&D tax relief claims are complete and correct, and where inaccuracies are identified, companies are urged to make amendments […]
A new legal statement and research have been published by a government-backed initiative to provide legal clarity for market participants in digital securities. The Legal Statement on the Issuance and Transfer of Digital Securities under English private law was issued by the UK Jurisdiction Taskforce (UKJT) of LawtechUK, an industry-led group tasked with promoting the […]
In 2022, the business sector expanded by 76% compared to the previous year. European P2P consumer lending reduced the pace of growth. Last year, the most popular P2P segment of consumer lending had reduced volumes. According to P2PMarketData, the decline was -25%. “The consumer P2P investment scheme is characterized by relative ease of use and […]
58% of employers in the UK believe that they will lose staff in the next six months as they seek to earn more by moving jobs, according to new research. According to the research by global talent services company, Morgan McKinley for its 2023 Salary Guide, 56% of employees in the UK are looking to […]
Responding to the Embargoed Treasury Press Notice “Business rates bills to drop by a fifth for retailers from April”, Helen Dickinson, chief executive of the British Retail Consortium, said: “The government took an essential step towards longer term reform of the broken business rates system by the scrapping of downwards phasing of transitional relief. Finally, […]
As investors err on the side of caution amid economic concerns, research published today suggests that appetite for business investment remains high, particularly among millennial investors. A survey by UK law firm Michelmores of affluent millennials, Gen X and baby boomers found that nearly half (49%) have invested in a business in the last two […]
During Covid, Britain’s property market experienced a boom in market activity. The boom was fuelled by the alternative work/life balance that emerged from workers adapting to working from home coupled with the government’s attractive stamp duty holiday. The stamp duty holiday resulted in an exodus of inhabitants from cities such as London for a cheaper […]
SME Bank, the neobank startup that offers banking and financial services specifically for small- and medium-sized enterprises, is announcing today the addition of SEPA Instant Credit Transfers as well as becoming a member of SWIFT – a vast messaging network used by banks and other financial institutions around the world. The increased scope of service […]
