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Volkswagen cracks down on executive to pay after scandal

The Volkswagen emissions scandal occurred back at the end of 2015 however, now the German car manufacturer has spoken out and stated that they will set caps on executive pay, as it announced a return to profit or 2016 following the “diselgate” scandal the previous year. There are new guidelines, which pay closer attention to […]

UK Wage Growth outpaces Inflation, Office of National Statistics suggests

Wages went up 2.6% in the months leading to December, faster than the Annual Rate of Inflation, figures suggest: However, the Wage Growth Rate slowed down, and some experts believe that households could face a crunch on spending during this year. It is still unfortunately unclear as to why wages are only rising by 2.6% […]

Tax crackdown brings in £468 million for HMRC

Investigations into the tax affairs of small and medium-sized businesses generated an additional £468m in extra tax for HMRC for the year ending 31 March 2016, national accountancy group UHY Hacker Young has reported. UHY Hacker Young said that HMRC’s crackdown on SMEs had intensified as tax investigations into large businesses had become “less profitable”, […]