Rosehill Polymers Group has finalised a multi-million-pound deal with Virgin Money and UK Export Finance to complete a refinancing and management buyout of the business and accelerate their worldwide growth ambitions. Since 1988, Rosehill Polymers have established themselves as a market leader in sustainable polymer systems design, development and manufacturing at their state-of-the-art facilities in […]
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 […]
Changes to regulations regarding Capital Gains Tax (CGT) and separating couples could alert people to the fact that they may have failed to pay sufficient tax in the past. New measures to ease difficulties over the transfer of assets experienced by spouses or civil partners who are separating and enable them to split in a […]
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 […]
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 […]
HM Revenue and Customs (HMRC) has announced that the rollout of the new additional information form that is required to support all claims for Research and Development (R&D) tax relief or expenditure credit has been pushed back by seven days. Originally set for the 1 August 2023, the new changes will now come into force […]
After losing the argument over Gary Lineker’s employment status, HMRC plans to appeal the ruling at the Upper Tribunal The First Tier Tribunal ruled in favour of Lineker in March this year, after he appealed a tax demand from HMRC for unpaid tax of £4.9m related to earnings between 2013 and 2018 for TV presenter […]
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 […]
Women’s private pension pots in the UK are typically worth 35% less than those of their male colleagues by the time they reach 55, according to the first major government study into what has been termed “the great gender pension chasm”. Having analysed the data for both sexes between 2018 and 2020, government researchers concluded […]
UK businesses overpaid £11.9bn in corporation tax the past year says UHY Hacker Young, the national accountancy group. UHY Hacker Young warns businesses that HMRC will not automatically refund them if they overpay corporation tax. They must reclaim any overpayment themselves – and if they fail to realise they have overpaid, they will miss out […]