Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year.
The UK services sector has experienced a record year, increasing exports to regions all around the world.
The Joint and Several Liability (JSL) notices, were introduced in 2016 to protect British businesses from being undercut by overseas sellers committing VAT evasion.
A newly proposed traffic light system could be used to put a spotlight on businesses with track records of late payments.
For the sixth year in a row, sales have fallen on Britain’s high streets in December.
UK growth is stagnating as a result of heightened Brexit uncertainty and other economic pressures, the British Chambers of Commerce (BCC) has warned.
Business owners that choose to sell or dispose of a business will face a number of tax challenges, which is why it is wise to plan ahead well in advance.