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OTS launches consultation on impact of taxation on UK firms October 17, 2018

The Office of Tax Simplification (OTS) has launched a new call for evidence, seeking views in regard to the impact of taxation on UK businesses. The call for evidence comes following the OTS’s April publication of a report which examined how the UK tax system affects firms at each of the key stages of their
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CBI publishes wishlist for 2018 Autumn Budget October 17, 2018

The Confederation of British Industry (CBI) has published its wishlist ahead of the Autumn Budget, which is set to be delivered on Monday 29 October. Within its Budget submission, the CBI outlines ways to ‘unlock enterprise, increase the country’s competitiveness and attract more investors’. Carolyn Fairbairn, Director General of the CBI, has urged Chancellor Philip
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Government publishes further ‘no deal’ Brexit documents October 17, 2018

A range of issues are covered within the documents, from consumer rights to existing free trade agreements. The latest technical notices also outline the consequences of a no deal scenario on accounting, corporate reporting and auditing. The government has stated that the corporate reporting regime will remain ‘unchanged in many respects’, although certain amendments will
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BCC suggests UK economic growth is ‘flatlining’ October 10, 2018

A survey carried out by the British Chambers of Commerce (BCC) has suggested that the UK economy is ‘stuck in a rut’, with economic growth ‘flatlining’. The BCC also found that Brexit uncertainty has helped to ‘weaken’ confidence amongst firms. The survey of 5,600 UK businesses suggested that the percentage of services firms attempting to
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Government announces stamp duty surcharge for overseas buyers of UK property October 10, 2018

The government recently announced that it intends to introduce a new stamp duty surcharge of 1% to 3% for foreign buyers of UK property. Prime Minister Theresa May announced the new surcharge during the Conservative party conference. The surcharge forms part of the Prime Minister’s plans to tackle the housing crisis and the issue of
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