Accounting News - August 2013

UK leads way on inward investment The UK has strengthened its position as the leading European destination for foreign direct investment (FDI), new figures show. more Campaign offers chance to settle tax bills HM Revenue & Customs (HMRC) has launched a new initiative to encourage more people to put their tax affairs in order, warning that they could face further investigation of their tax arrangements unless they do so. more

£223bn in SME debt ‘unprotected’

Small and medium-sized enterprises (SMEs) in the UK are exposed to serious levels of financial risk, with £223 billion worth of corporate debt currently unprotected, according to new research. more

Auto-enrolment passes one millionth worker milestone

The millionth UK employee has now been automatically enrolled into a workplace pension. more

NICs set to get simpler for self-employed

Plans to simplify the way self-employed people pay national insurance contributions (NICs) have been published for consultation by HM Revenue & Customs (HMRC). more

New unit to tackle online piracy and counterfeit crime

A new police unit aimed at targeting intellectual property crime is to be created to help save the UK economy millions of pounds each year. more

Employment tribunal fees take effect

A new system of fees for workers taking a claim to an employment tribunal has now been implemented. more

Expenses set to get simpler

A new regime of simplified expenses is now available for sole traders and business partnerships has now taken effect. more

Research & Development Tax Relief

R&D relief has been around for more than a decade, however, there are still many eligible companies who fail to claim the relief to which they are entitled. more

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