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Data requests ‘costing businesses thousands each year’, research suggests December 9, 2021

An analysis carried out by the Data Privacy Group has revealed that UK businesses are spending between £72,000 and £336,000 per year handling data subject access requests (DSARs). DSARs are made by individuals seeking to view the information a company has on them. Each DSAR is worth around £1,000. The analysis suggested that the coronavirus
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UK economic recovery slowed by supply problems November 17, 2021

UK economic growth slowed between July and September as supply chain problems hindered the recovery from the pandemic, according to the latest data from the Office for National Statistics (ONS). Gross domestic product (GDP) expanded by a slightly weaker than expected 1.3%, down from 5.5% in the second quarter, according to the ONS. That leaves
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Cryptocurrency tax gap triples November 17, 2021

The amount of tax potentially underpaid by cryptocurrency investors tripled between 2020 and 2021, according to data from HMRC. The tax authority identified £428,000 in ‘tax under consideration’ on cryptocurrency investments in the year to March 31, according to a report published by HMRC. This is in comparison with the £142,000 it identified in 2020.
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Only a third of businesses taking action to cut emissions November 17, 2021

Only one third of businesses plan on cutting their greenhouse gas emissions over the next year despite the UK’s recent net-zero efforts, according to the Office for National Statistics (ONS). According to the ONS’s report, 11% of businesses are not taking action to reduce their emissions, with 13% stating that they were ‘unsure of how
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HMRC’s tax take falls by billions due to pandemic November 17, 2021

HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In its 2020/21 annual report, HMRC reported that it had collected £608.8 billion in tax revenues, which is down from £636.7 billion collected in 2019/20. HMRC said the drop was
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