ACCA suggests George Osborne should dare to be boring with Budget
The ACCA has offered chancellor George Osborne advice ahead of the Budget, suggesting he should stick to keeping the steady pace of recovery going.
The ACCA has offered chancellor George Osborne advice ahead of the Budget, suggesting he should stick to keeping the steady pace of recovery going.
Always eager to cover both sides of the argument, Real Business canvassed the opinion of entrepreneurs and business owners on both sides of the European Union membership debate – producing some fascinating and explosive comments.
The number of civil servants being recommended for New Year’s honours has almost doubled over the past two years, with several members of the financial sector fitting the bill. However, HMRC chief executive Lin Homer’s appointment to damehood has been seen as a controversial move.
Having been one of the most hotly-debated economic topics in recent years, companies throughout the UK could be rejoicing or commiserating after predicted changes to local business rates.
I’m not sure if the chancellor is a British Bake Off fan, or can whip a mean carrot cake in the kitchen, but when it comes to the economy he used all the ingredients at his disposal to create an Autumn Statement cake that will taste incredibly sweet for so many people.
During the 2015 Autumn Statement, it was announced by George Osborne that the government is introducing a penalty fee of 60 per cent of tax due for General Anti-Abuse Rule (GAAR) as part of the Spending Review.
If you don’t have the time or patience to trawl through the full Autumn Statement and Spending Review document, Real Business has summarised all of chancellor George Osborne’s salient points for your reading pleasure.
George Osborne’s 2015 Autumn Statement has closed and he revealed during the Spending Review that the UK’s small businesses and self-employed individuals will possess digital tax accounts by the end of the decade, which comes as part of a £1.3bn HMRC reform for the government.
By Barry Warne
Businesses who are considering redundancies or settlement agreements are urged to keep an eye on a consultation exercise about simplifying the tax and national insurance treatment of severance payments to employees.
By David Craik
Businesses are set to slow down investment this year following changes to Government tax allowances.