Autumn Statement Key Points

Autumn Statement Key Points

Chancellor of the Exchequer George Osborne has addressed Parliament on the government’s plans for the future of the economy.

Here are some key points.

Benefits and Pensions:

Most working age benefits to rise by one percent;

Rangers Win Big Tax Case against HMRC

The old Rangers Football Club, currently in liquidation, has won an appeal against HMRC over its use of Employee Benefit Trusts (EBT’s).

Between 20001 and 2010, the club made payments to players and staff totalling £47.65 million to players and

The Big Tax Debate

The Big Tax Debate – Ricky Steedman on the panel at the Edinburgh University “Bollocks to Poverty Society” Big Tax Debate, 7th November 2012, The Teviot Dining Room.

I was asked to join the panel in this student debate on

Steedman & Company Celebrate 25 Years in Business

This month Steedman & Company are celebrating 25 years in business.

From humble beginnings in 1987 from a rented office in Edinburgh’s west end, Ricky and the team have built the business up over the past 25 years into one

Implementation of Real Time PAYE could be Impossible

The Institute of Chartered Accountants in England and Wales (ICAEW) has said that the upcoming real time PAYE system may prove “impossible” for many businesses to implement.

This comes despite HMRC recently publishing proposals allowing employers extra time to send

Lack of Awareness over Real Time Information

Around a quarter of small businesses are unaware that the Pay as You Earn (PAYE) system is going to dramatically change next April.

Real Time Information (RTI) will see the introduction of a live system, where payroll information will be

Reduced Rates Scheme Benefits Record Number of Scottish Businesses

89,087 Scottish businesses have benefited from the Small Business Bonus Scheme (SBBS) in the past year, according to new Government data.

The scheme provides non domestic business rates discount for small Scottish businesses. Last year, 85, 199 took up the

Tax Gap at £32 Billion

HMRC’s estimated tax gap for 2011/2012 has been stated as being £32 billion, up £1 billion from the previous year.

The tax gap is defined as the amount of tax that is due to the government that is not paid.

Subway Defeated in VAT Tribunal

Sandwich chain bar Subway has been defeated in a first tier tribunal regarding HMRC’s VAT policy on hot food.

Around 1200 Subway outlets across the UK have been waiting on the verdict of the appeal, which was based upon whether

Safety and Employment Laws to be Relaxed

The reasons for unfair dismissal are to be relaxed at employment tribunals under proposals announced by business secretary Vince Cable.

The Department of Business Innovation and Skills (BIS) are to make a number of proposals to cut back on red