Small businesses in the creative and digital industries are an increasingly crucial part of the economy in the UK’s major cities, a new report has revealed.
HM Revenue and Customs (HMRC) is set to charge corporation tax to 45 per cent on any interest it has to pay back to taxpayers who initially overpaid the amounts they owed.
One of the Prime Minister’s economic advisors has courted controversy after claiming that it was “as good a time” as any to be made redundant.
According to the most recent information from the Office for National Statistics (ONS), economic growth for the UK was at a rate of 0.5 per cent for the period from July to September.
According to the Government’s business department, the nation’s income would be given a £20 billion boost if it were to leave the European Union (EU).
Bank of England boss Mark Carney has weighed into the debate over whether Britain should remain a member of the European Union.
Today’s ruling at the European Court of Justice (ECJ) means that transactions involving bitcoin – the digital currency – will be exempt from value-added tax (VAT).
Controversial US taxi firm Uber paid no corporation tax in the UK last year despite making £11 million (US$17 million) in revenue, accounts reveal.
Chinese president Xi Jinping’s first official visit to the UK this week brought with it a number of investments.
High street businesses have been warned to expect a significant increase in their business rates in the months to come.