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Month: November 2016

Lack of sleep costing UK economy up to £40 billion a year

30th November 201630th November 2016 McGills

Sleep deprived workers are costing the UK economy nearly £40 billion a year, a report has revealed. Read More

HMRC will be first Government department to crack down on ‘phishing scams’

29th November 201629th November 2016 McGills

HM Revenue & Customs (HMRC) will be the first Government department to crack down on so-called ‘phishing scams’, following reports of a rise in fraudulent emails purporting to be from the Revenue and tricking taxpayers into releasing sensitive information. Read More

Economic growth robust in third quarter, says ONS data

28th November 201628th November 2016 McGills

UK growth has remained robust since the European Union (EU) Referendum, according to new data from the Office for National Statistics (ONS), which confirms that gross domestic product (GDP) grew by 0.5 per cent between July and September. Read More

Self-employment on the rise, new figures show

25th November 201625th November 2016 McGills

Latest figures have revealed the growing popularity of self-employment among UK workers. Read More

Upward trend in total UK tax revenue over past five years, says NAO report

24th November 201624th November 2016 McGills

HM Revenue & Customs (HMRC) raised £536.8billion in the 2015/16 financial year, according to a performance summary carried out by the National Audit Office (NAO). Read More

BoE to restore deposit protection limit to £85,000

23rd November 201623rd November 2016 McGills

The maximum compensation payable to savers if their bank collapses is to return to its previous limit of £85,000, a report has said. Read More

SMEs could be unfairly penalised by proposed changes to business rates

22nd November 201622nd November 2016 McGills

Government plans to prevent businesses from appealing incorrect business rates calculations have been dubbed ‘wildly unfair’ for small and medium-sized enterprises (SMEs) by a number of trade bodies. Read More

Landlords will struggle to come to terms with Making Tax Digital, says RLA

21st November 201621st November 2016 McGills

The Residential Landlords Association (RLA) has issued a warning to private landlords over Making Tax Digital (MTD), after a study revealed that the average buy-to-let investor “lacks confidence with digital technology”. Read More

UK SMEs plan to reduce costs in 2017, survey reveals

18th November 201618th November 2016 McGills

The majority of UK small and medium-sized enterprises (SMEs) will be prioritising reducing costs in the New Year, a study has found. Read More

Freedom of Information request reveals rise in HMRC complaints

17th November 201617th November 2016 McGills

A Freedom of Information request has revealed that HM Revenue & Customs (HMRC) received a record number of complaints in the 2015/16 financial year – almost topping figures recorded during the financial crisis. Read More

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