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June 2015

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UK working two days longer to pay tax in 2015

1st June 2015
Taxpayers in the UK are working two days longer on average in 2015 than in 2014 before they stop paying taxes and start earning for themselves, warns ACCA (the Association of Chartered Certified Accountants). Tax freedom day – calculated annually by the Adam Smith Institute – falls on 31 May. The date at which tax […]
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Conditions for retailers likely to remain tricky despite rising sales volumes

1st June 2015
Data released by the Office for National Statistics showed that retail sales volumes increased by 1.2% in April, the strongest monthly increase since November 2014. The increase in activity seen over the past 12 months means that sales volumes in April were 4.7% higher than a year ago. Consumers appear to have hit the high […]
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Non-cash payments overtake cash payments for the first time

1st June 2015
Data from Worldpay, the UK’s leading payments processor, reflects a significant shift in the way British consumers are paying for goods, with High Street credit and debit card transactions rising just over 6% in 2014, following similar gains the previous year. Londoners are responsible for the single biggest year on year rise in card spending. […]
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