Large Businesses Suspected of Tax Fraud

HMRC suspects 208 large UK businesses are underpaying on their VAT. Thomson Reuters explained that the £13.4m figure relates to tax under consideration, which is an estimate of the amount of VAT HMRC believes has gone unpaid prior to full tax investigations being completed – Accounting Web. HMRC reportedly suspects that 208 of the UK’s […]

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Spring Statement 2022

MISS THE SPRING STATEMENT 2022? WE QUICKLY SUMMARISE BELOWACCOUNTANTS IN MANCHESTER The Chancellor made his annual Spring Statement 2022 speech today where he set out the Government’s tax plan to support the UK economy, businesses and families in both the short and the medium term.Key measures the Chancellor announced:🔵 an increase to the National Insurance Primary […]

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Interest Rate Up To 7% Looms

The Bank of England announced the first back-to-back interest rate increase since 2004 as inflation is projected to reach a peak of 7% in April. Glenn Collins, head of policy at the ACCA, said that although the announcement was expected it will still come as a shock to SMEs. “It remains to be seen if […]

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