Growth for the UK economy slowed in the third quarter of the year with an increase of only 0.5%.
Manufacturing and construction sectors were partly to blame for the drop, which saw gross domestic product (GDP) growing at a slower rate than the 0.7% that had been achieved in the second quarter between July and September.
The Chartered Institute of Taxation (CIOT) says that the UK's new IR35 income tax and National Insurance contributions legislation requires a new approach for businesses dealing with non-compliance issues.
The income tax and NICs legislation will affect anyone working through an intermediary for an organisation, such as a Personal Service Company (PSC).
HM Revenue and Customs (HMRC) are looking for independent members to give an oversight of tax authority by joining the new Charter committee.
The body will be a subcommittee of HMRC's board charged with overseeing how the tax authority adheres to its Charter commitments, which set out taxpayers’ rights in the UK economy. The move is aimed at strengthening governance.
There has been some confusion surrounding HM Revenue and Customs (HMRC) guidelines regarding how fleets can reimburse drivers who use electric company cars.
The distinction between business and private miles is a main issue, because rules that apply to petrol and diesel company cars - advisory fuel rates (AFRs) - do not apply to electric fleet vehicles (EVs).
According to new research from KPMG, nearly half of all investment firms could be forced to double their capital requirements.
The new study looked at responses and mandatory Internal Capital Adequacy Assessment Process (ICAAP) documents from 32 firms, finding that insurance mitigation and diversification are often used to reduce capital requirements.
New research from business recovery specialists Begbies Traynor says that the UK’s grocery sector is showing signs of returning to stability.
According to the company's Red Flag Alert research for Q3 2015, UK retailers operating in the food and grocery sector posted a quarterly decline in ‘significant’ financial distress over the last three months.
The Institute of Chartered Accountants in England and Wales (ICAEW) says that start-ups should be more frugal and avoid "burning through resources too quickly" by using more careful cash flow management.
The professional body has pointed out that many entrepreneurs who are starting a new business find the reality very different to what they had in mind.