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Monthly Archives: May 2015

Clothing giant Next loses tax avoidance case

High street retailer Next has been hit with a £22.4m tax bill after a court ruled the firm’s complex tax scheme was artificial tax avoidance. HM Revenue & Customs (HMRC) successfully challenged Next Brand Ltd, which is part of the … Continue reading

Posted in Business

New Business Secretary rolls back red tape

Sajid Javid set out his priorities for supporting Britain's small businesses last week. Here’s a summary of what he said: Over the next 5 years, we’ll build on the success of ‘One in, two out’ to put a strict brake … Continue reading

Posted in Business

George Osborne – second Budget announced

The first Budget of the new parliament is to be delivered by George Osborne on July 8th. Apart from tying up loose ends from the spring Budget the Chancellor will make a number of announcements: His plans for eliminating the … Continue reading

Posted in Business

Directors jailed for contempt of court

Two Directors and a Company Secretary have been jailed for contempt of court relating to a £7.7m VAT fraud, following an investigation by HM Revenue and Customs (HMRC). A court order appointing a Provisional Liquidator was made by the High … Continue reading

Posted in Business

Business investment 2015

Is this a good time to invest if you are in business? Actual business investment in the UK fell in the last quarter of 2014. This was largely driven by the reduction of investment in North Sea oil and gas … Continue reading

Posted in Business