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UK Retail sales decrease despite going into Christmas
UK Retail sales decrease despite going into Christmas

UK retailers have been hit by a surprise 0.1% decrease in sales in October despite it traditionally signaling the start of Christmas period spending. City analysts had predicted a month-on-month increase because of large discounting by retailers to entice shoppers in....

Manufacturing orders increase after no deal brexit avoided
Manufacturing orders increase after no deal brexit avoided

Manufacturing orders increase after no-deal brexit avoided A survey conducted by the Confederations of British Industry (CBI) shows that there has been an increase in orders for British manufacturers during November, although this was against a backdrop of near decade...

Corporation tax cuts on hold
Corporation tax cuts on hold

Planned cuts to corporation tax next April are to be put on hold, Boris Johnson has told business leaders. The tax rate paid by companies on their taxable profits was due to fall from 19% to 17%, with the aim of boosting business. However, the Prime Minister told the...

UK’s economy growing at the slowest rate in a decade
UK’s economy growing at the slowest rate in a decade

According to the most recent data by the Office of National Statistics the economy is growing at its slowest rate in almost a decade. In the third quarter Britain’s economy grew by just 0.3% after a dramatic shrink in the second quarter. This means that annual growth...

Solicitors “SEARCH”ing For Answers
Solicitors “SEARCH”ing For Answers

For newly updated guidance please see the article from THE LAW SOCIETY re-research fees. New guidance has been issued by the Law Society about whether items may be treated as disbursements for VAT purposes. The guidance, dated 8 October 2019, follows previous guidance...

SRA Accounts Rules 2019
SRA Accounts Rules 2019

SRA Accounts Rules 2019 The SRA has just published a statement relating to residual balances that cannot be repaid under rule 2.5. of the new 2019 SRA Accounts Rules which become effective for all firms from 25 November. The statement can be accessed from the SRA...

NHS pension tax causes doctors to cut hours
NHS pension tax causes doctors to cut hours

A report compiled by the Academy of Medical Royal Colleges (AoMRC) has shown that some NHS services are struggling to remain open as doctors cut their hours to avoid being taxed on their pensions. Doctors are often refusing additional work as the taxes on pensions can...

UK Retail sales decrease despite going into Christmas
UK Retail sales decrease despite going into Christmas

UK retailers have been hit by a surprise 0.1% decrease in sales in October despite it traditionally signaling the start of Christmas period spending. City analysts had predicted a month-on-month increase because of large discounting by retailers to entice shoppers in....

Manufacturing orders increase after no deal brexit avoided
Manufacturing orders increase after no deal brexit avoided

Manufacturing orders increase after no-deal brexit avoided A survey conducted by the Confederations of British Industry (CBI) shows that there has been an increase in orders for British manufacturers during November, although this was against a backdrop of near decade...