Consultation on global minimum corporation tax for large multinationals

The Government has launched a consultation on how a worldwide 15 per cent minimum corporation tax can be implemented domestically, in a move designed to tackle avoidance and ensure a more level playing field for UK businesses. More than 130 countries signed up to a new global minimum tax framework in October 2021, after the […]

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Wine among goods and services to become cheaper to import from January 2022

Certain goods and services will become cheaper to import from around the world after 01 January 2022, it has been announced. It comes after the Government committed to remove VI-1 certificates on all wine imported to Great Britain from next year – saving traders around £130 million annually. VI-1 certificates are currently used by UK […]

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Should SMEs reconsider their approach to employee retention?

Because of the ongoing pandemic, many employees have reassessed what they value in their work life. Recent research conducted by Unum (an employee benefits provider) revealed that 40 per cent of employees would consider pursuing another job offering better employee benefits. On the other side of this, it was found that under a third of […]

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Revealed: Most common reasons for underpayment of legal minimum wage

Almost one in six employers found to have paid staff less than the minimum wage did so because they did not pay the correct rate to apprentices, a major study has revealed. The research, published by HM Revenue & Customs (HMRC), shows that a significant number of businesses are still falling foul of minimum wage […]

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Recovery in construction led by rise in commercial property work

A sharp rise in productivity in UK construction sector is good news for SMEs in the supply chain, and the economy overall, as output surged over a four-month period. According to new data analysis, the construction sector saw its fastest rise in output for four months during November, boosted by a rise in commercial work […]

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