A UK start-up with the aim of being the “Facebook for sport” has landed a £2.5 million valuation following a six-figure equity investment. Continue reading UK start-up lands six-figure equity investment
The charity behind the capital’s ‘Garden Bridge’ has cancelled the project after failing to secure a financial guarantee from the Government. Continue reading Charity cancels £200 million Garden Bridge project amid funding concerns
The legal sector is “missing out on business” by failing to follow up potential customers, a new study has revealed. Continue reading Law firms missing out on thousands in new work, says study
A ’popular’ tax scam appears to be doing the rounds again after a York businessman contacted his local newspaper following a call with a woman who appeared to be from HM Revenue & Customs (HMRC).
The man got home to find a message on his home answering service saying he had been called by HMRC and should call them back. When he did, a woman answered and said that he owed the taxman money, so should pay it to avoid bailiffs being involved.
She tried to get further personal information from him, such as his National Insurance number, but he had the presence of mind to ask her to give him his personal tax reference number. She refused and eventually hung up.
The man then contacted his local paper who asked a source at HMRC for their response and the contact confirmed that the taxman would never operate automated messaged of this nature.
The spokesman went on to say that the agency is aware that some customers have received telephone calls claiming to be from HMRC requesting personal information and bank account details in order to receive a tax refund, or demanding money for an unpaid tax bill. He added that taxpayers should remain alert.
Another ‘favourite’ hoax is where the caller leaves a message saying that tax is due and that if it is not paid, there could be a warrant issued for the individual’s arrest. The caller then urges the individual to pay the ‘bill’ by instant bank transfer, or HMRC would close the account and take the cash out direct.
Apparently, this form of the scam has netted criminals several million pounds through intimidating people who pay online out of fear. Again, HMRC has stressed that they would never operate in this way, so anyone called in this way should report the telephone number they have been asked to call.
The Fundraising Regulator has introduced new guidance for private site fundraising in a bid to improve standards for face to face fundraisers. Continue reading Fundraising Regulator issues new guidance for private site fundraising
According to HM Revenue & Customs (HMRC), the number of employees paying company car tax has reached a five-year high, boosting Treasury receipts by millions of pounds. Continue reading Five-year high for number of company car drivers
In an unprecedented move, 14 farming groups have banded together to form an ‘Agri-Brexit coalition’ that is calling for the UK to remain in the customs union during any transition phase after the UK formally leaves the European Union. Continue reading Farming coalition
The amended European Union Financial Sanctions Regulations 2017 came into force on 8 August, extending the law to ‘independent legal professionals’ and other ‘relevant businesses or professionals’. Continue reading Announcement: EU Financial Sanctions Regulations extend to law firms
HM Revenue & Customs (HMRC) has revealed that inheritance tax (IHT) receipts rose by almost 23 per cent in the first quarter of 2017, with more than £2 billion being taken from people’s estates since March. Continue reading Record IHT haul
Chancellor Philip Hammond announced in March that there would be millions of pounds of support awarded to businesses hit by the biggest hikes in their business rates bill. However, many firms are still waiting for the cash, even though the new tax year started in April, partly because councils’ software has not been updated to issue new bills. Continue reading Government to speed up business rates relief