For many years now previous governments have lowered corporate tax rates in the UK to encourage business and investment in the UK economy. Back in 2010 the corporation tax rate stood at 28%, since then it has been cut to 19%. Plans were in place to cut this even further to 17% however those were cancelled in 2019.
Action Fraud has issued a warning to the general public in regards to a telephone call where the recipients are told that their National Insurance number has been compromised. This scam has rose to prominence over the past month resulting in thousands of reports to Action Fraud themselves. We take a look at what the scam involves and what to watch out for.
At his Budget on 3rd March Chancellor Rishi Sunak was sparing in the detail of the Government’s long-term COVID-19 tax recovery plans. Budgets normally provide us with a clue as the tax strategy for the coming few years through the publication of HM Treasury’s consultation and discussion papers. The subjects of the ‘call for evidence’ gives us an insight into the Government’s medium - longer term fiscal thinking. This year these plans were slightly held back until 23rd March 2021...
The Information Commissioner’s Office (ICO) have recently written to businesses throughout the UK regarding their requirements and obligations under the General Data Protection Regulations (GDPR). Although this may have looked or seemed like a scam it was a genuine letter with which you need to take some form of action.
At PayStream we have always welcomed new initiatives seeking to separate the compliant providers from the non-compliant ones. So, when we heard that APSCo were revisiting their affiliate partnership program and introducing a new Trusted Partner status, we were obviously keen to be part of it.
A question that we are asked a lot, by agencies and end clients, is whether we think the off-payroll legislation will be delayed again. Although there was relief last year when the off-payroll rules were postponed there was also frustration for the companies that had taken the time and trouble to get there processes right. This has led to a reluctance this time round to carry out work unless absolutely necessary when they are so many other issues to deal with.