HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREUK will lose world-leading corporation tax status with impending hike, study finds
The UK government’s decision to raise corporation tax to 25% means the country faces a 16-place drop in the global corporate tax league table, according to new research by accountancy network UHY Hacker Young.
The UK’s corporation tax rate has remained at a historic low of 19% since 2017, making it the world’s sixth lowest. But a 6% hike, announced during the 2021 Spring Budget and set to take effect in 2023, will see the UK drop to being the twenty-first lowest, and just below the global average.
Read more at Accountancy Age
Previous
£700 cash boost could be given to Universal Credit claimants to fight 'worst of inflation'
Next
Sharp slowdown in UK business activity rings recession alarm
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
READ MORE