HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREUK R&D spend hits £25bn annually
Businesses spent £25bn on research and development (R&D) in 2018, an increase of 5.8% on the previous year, new figures from the Office for National Statistics (ONS) show.
Total R&D spent went up from £23.7bn in 2017. The ONS says a long-term upward trend is evident when considering R&D expenditure in constant price terms, with an average annual growth rate of 2.5% since 2007 levels. In constant price terms the latest increase from 2017 was 3.9%.
Read more at the Accountancy Daily.
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NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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