Category: Finance

Sep 22

15 years since the Prompt Payment Code was introduced, has it prompted faster payments?

The Prompt Payment Code (PPC) was introduced to the UK in December 2008 as a voluntary code of practice, administered by the Office of the Small Business Commissioner (OSBC), on behalf of Department for Business and Trade (DBT). As Pat Bermingham, CEO, Adflex explains it set standards for good payment practices between UK-based organisations and their […]
Sep 15

HMRC poised to scrap ‘double taxation’ of IR35 in welcome move for contractors and their clients

Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules. The legislative flaw sees businesses overtaxed in the […]
Aug 30

HMRC tax enquiries jumped by over 20 per cent last year in the space of just two years with 2999,000 enquiries last year

The UK’s 4.3m self-employed workers have been advised to prioritise their tax compliance after official HMRC data shows that the tax authority opened 299,000 tax enquiries last year – a 52,000 jump equivalent to 21% compared to two years before. The statistics, gathered from HMRC’s quarterly performance updates, show that the number of tax enquiries […]
Jun 13

Banking headwinds just getting started, so hold off buying the Big Six

Breadcrumb Trail Links Finance Banking Slowing pace of mortgage growth one of the early signs Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada is still in the early innings of a credit cycle that could weigh on the Big Six banks. Photo by Tijana Martin /THE CANADIAN PRESS Article content […]
Apr 29

Silicon Valley Bank crisis shows regulators can’t be complacent in digital age, OSFI head says

Breadcrumb Trail Links News Finance Banking Rapid deposit flight requires more financial oversight Get the latest from Stephanie Hughes straight to your inbox Sign Up Peter Routledge, head of OSFI, said there is more regulators can do to manage the rapid outflow of deposits that led to the failure of Silicon Valley Bank. Photo by […]