Significant rise in contactless card payments during 2015

Significant rise in contactless card payments during 2015

Over one billion contactless card payments were made during 2015, according to new data from the UK Cards Association. Last year, one in 13 purchases were made using contactless card technology. This rose to one in eight during the month of December. The new figures also reveal that more money was spent using contactless technology ... Read More
 
New report suggests the self-employed require ‘more support’

New report suggests the self-employed require ‘more support’

Self-employed individuals should receive more help and support in the running of their business, a new Government-commissioned report has suggested. The review, which was led by businesswoman Julie Deane OBE, calls for self-employed workers to be given similar rights to traditional employees. ‘It is important that with the increased growth in self-employment, and the subsequent ... Read More
 
HMRC defends its record on taxing multinational corporations

HMRC defends its record on taxing multinational corporations

Following widespread media scrutiny of the rate of tax paid by Google, HMRC has taken the unusual step of issuing a press release defending its record of dealing with the search engine giant in particular, and multinational corporations in general. The statement, or ‘factsheet’, claims to be ‘setting out some facts to help dispel myths ... Read More
 
Airport retailers face crackdown on VAT discounts

Airport retailers face crackdown on VAT discounts

Airport retailers could be forced to pass on VAT discounts to those travelling to non-EU destinations after the Government announced a review into the issue. The review will ensure that VAT relief in airport retail outlets is providing savings for travellers, not for retailers. The Treasury has reported that some shops are keeping an estimated ... Read More