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UK set to leave the EU

With the referendum votes counted and the United Kingdom vote to exit the European Union there will be many issues to consider.

The CBI commented on the result of the referendum.

Carolyn Fairbairn, CBI Director-General, said:

'The British people's vote to leave the EU is a momentous turning point in our history. The country has spoken and it's for us all to listen.

Many businesses will be concerned and need time to assess the implications. But they are used to dealing with challenge and change and we should be confident they will adapt.

The urgent priority now is to reassure the markets. We need strong and calm leadership from the Government, working with the Bank of England, to shore up confidence and stability in the economy.

The choices we make over the coming months will affect generations to come. This is not a time for rushed decisions.

The CBI will be consulting its members and business is committed to working with Government to shape the best possible conditions for future prosperity.'

 Internet link: CBI news

02 Aug 2018

Bank of England raise interest rate

The Bank of England has raised the interest rate from 0.5% to 0.75%.

02 Aug 2018

Making Tax Digital for VAT

HMRC has published further information on Making Tax Digital for VAT (MTDfV).

02 Aug 2018

Scotland introduces relief for first time buyers

First-time buyers in Scotland will be helped to purchase their first home through a new tax relief which applies to Scottish Land and Buildings Transaction Tax (LBTT).