HMRC becomes increasingly aggressive in its recovery of tax debts
HMRC have substantial powers to recover unpaid tax and VAT liabilities and this includes the seizure of assets. Whilst this is used as a means of last resort, HMRC appear to be increasingly aggressive in using this method of debt recovery, as asset seizures by HMRC are up 145% (to 1,592 assets) over the last year. It is important to understand your rights when served with an Enforcement Notice by HMRC Enforcement Officers. Once the notice has been served, you have a choice of paying the debt...
UK manufacturers enjoy best quarter this year following Brexit vote
UK manufacturing activity rose to its highest level in more than two years in September, as the weak pound helped to cement the sector's strongest quarter of growth this year, according to a closely watched survey. The fall in the value of the pound following the EU referendum was the sector's "prime growth engine" last month as new domestic and overseas orders and promotional deals boosted activity. Survey compiler Markit said employment rose for the second straight month as...
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