Making Tax Digital – costs mean that businesses must act now
In the latest update HMRC is now forecasting that the much-heralded Making Tax Digital for VAT initiative will cost, rather than save, businesses money. The cost saving element had been one of the ‘selling points’ of the new initiatives. In addition to the increased costs for businesses, HMRC also expects Making Tax Digital (MTD) to net them […]
Chancellor to review Inheritance Tax
Birmingham accountants and tax experts Friend Partnership welcome Chancellor Philip Hammond’s review of the Inheritance Tax regime and we set out our wish-list of what we would like to see in the review. Chancellor Hammond has asked the Office of Tax Simplification to review the Inheritance Tax (IHT) regime, arguing that it is overly complex […]
Acquisition of Coventry manufacturer
Acquisition of Coventry manufacturer creates new force in the UK’s laser cutting and fabrication industry Coventry-based HTA Group Limited, one of the UK’s largest subcontract manufacturers, has been acquired by Lancashire-based WEC Group in an undisclosed deal which creates a business with 800 employees and a projected £75 million turnover. Established in 1973, HTA Group is […]
