Productivity growth has slowed across much of the developed world in recent years. In the UK, however, where workers’ output per hour was already low in absolute terms, the deterioration has been an even more marked. British productivity is now no higher than it was just before the 2008 financial crisis.
In little under a year all businesses that file VAT returns will have no choice but to file those returns online and through dedicated accountancy software. The move is part of the Government’s Making Tax Digital programme, and businesses are far from ready.
The introduction of new pension freedoms in 2015 and economic conditions that have propelled transfer values higher over the last few years have combined to encourage more of us to consider the transfer of our often fated ‘gold plated’ Final Salary Pension Schemes.
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