The logistics chain is being targeted and this will have a huge effect on the way that warehouse and transport & logistics operators do business with their overseas clients. Since September 15 2016 HMRC has acquired new powers under s.48 Value Added Tax Act to seek to combat what it sees as abuse of the system of declaring import VAT and duty by e-commerce traders who are located outside of the EU and who sell goods online to British consumers.
Gender diversity has been on the boardroom agenda for many years now but, with more than half of Suffolk’s largest companies, and 36% of all UK businesses, still without any women at senior management level, something clearly isn’t working.
Philip Hammond will today deliver his first ever Autumn Statement but, with the economy ticking along smoothly and Brexit negotiations around the corner, we believe the Chancellor is unlikely to make any dramatic announcements in his speech this afternoon.
When news of the forthcoming Apprenticeship Levy first broke, it was seen by many as just another burdensome tax on business, but the new system could give firms a much-needed chance to create valuable, industry-led training opportunities to help plug the skills gap.
The impact of the UK’s decision to leave the European Union remains the subject of much discussion. But while Brexit may in future affect companies doing business in the UK and the EU, changes are already under way which are potentially more significant for the international tax landscape, resulting from the Base Erosion Profit Shifting (BEPS) initiative.
Recently released figures show that the number of police officers taking days off sick with stress-related illnesses has rocketed by an astonishing 58% in the last two years, with one in every 15 police officers in Britain affected.
If you employ senior staff in key senior positions where they have the ability to form influential relationships with your customers and suppliers, the likelihood is that you will try to protect your business by making sure their contract of employment contains restrictions to protect your goodwill and client base.
The European Commission has published a VAT Action Plan presenting a selection of measures to modernise VAT in the EU . This includes a proposal for a complete redesign of the VAT treatment of goods supplied between businesses in different EU member states.
The issues around getting more senior business women into the boardrooms of our biggest companies are well documented and the results of the first national Think Future Study from the 30% Club and KPMG found that female students are significantly more likely than their male peers to believe that gender will influence pay and career progression.
Franchising is a sector on the up. A recent British Franchising Association/Natwest survey found that the contribution of franchising to the UK economy has grown by 46% over the last 10 years to £15.1billion, with more than 600,000 people now employed in franchising.
After a record-breaking year in 2015, which saw commercial property investment in the UK reach a figure just shy of £65billion (a 4% increase on 2014), George Osborne indicated that he would be imposing a Stamp Duty Land Tax (SDLT) increase on the commercial property sector.