HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case
Business Matters
by Business Matters
12h ago
After losing twice in the protracted ‘mega marshmallows’ tax case, HM Revenue and Customs (HMRC) has announced its intention to file yet another appeal. Last month, the Upper Tax Tribunal upheld a lower tribunal’s ruling that ‘mega marshmallows’ sold by London-based wholesaler Innovative Bites are not considered confectionery and therefore are exempt from VAT. The case revolves around the classification of ‘mega marshmallows’ for VAT purposes. The Upper Tax Tribunal agreed with the lower tribunal’s findings that the product was marketed and sold specifically for roasting, and its large size d ..read more
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Understanding the Role of Security Guards in Crime Prevention
Business Matters
by Business Matters
12h ago
Security guarding is a timeless profession whose demand keeps increasing due to rising security threats. Security guards protect your assets, people, and properties by standing on the frontline against violence, threats, and vandalism. However, there’s more to a security guard’s role, besides their presence at your premises. A security guard’s job involves a lot of planning, strategy implementation, and proactiveness to effectively prevent crimes. In this guide, we will discuss the role that Security guarding play in preventing crimes. We will learn about all the ways they can identify and de ..read more
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Searching Profitable Avenues
Business Matters
by Business Matters
12h ago
Hey there, future investor! You’re prepared to dive into the exciting realm of investing, but where do you even start? It’s natural to feel overpowered with numerous choices, isn’t that right? You’re not on your own, so don’t fret over! Many others are attempting to figure out what to do with their money and are in a similar situation. Imagine this: You want to watch the money you’ve saved grow. But as soon as you begin exploring your options, terms like stocks, bonds, mutual funds, real estate, and cryptocurrencies will be thrown at you. It’s like trying to decipher a secret code!  But ..read more
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What is a Logo in Vector Format?
Business Matters
by Business Matters
12h ago
A logo in vector format is a graphic composed of paths, points, curves, and shapes based on mathematical equations. Unlike raster images that use pixels, vector logos maintain their quality regardless of size. This means they can be scaled up or down without losing clarity or becoming pixelated. Common vector file formats include .SVG, .EPS, and .AI, making them ideal for professional and commercial use across various platforms and media. In this blog we will discuss everything you need to know about vector files and how to create a vector file. What is a Raster Image? A raster image is made ..read more
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Reddit Shares Surge Following OpenAI ChatGPT Partnership
Business Matters
by Business Matters
15h ago
Shares in Reddit have surged more than 10% following the announcement of a partnership deal with artificial intelligence (AI) start-up OpenAI. This agreement grants OpenAI access to Reddit’s content while introducing AI-powered features to the social media platform. The partnership underscores Reddit’s strategic move to diversify its income streams beyond traditional advertising. By leveraging AI, Reddit aims to enhance user experience and introduce innovative features powered by OpenAI’s technology. The deal comes amidst a growing wave of legal challenges from copyright owners concerning the ..read more
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Blockchain technologies: exploring investment prospects and trends
Business Matters
by Business Matters
15h ago
Sure enough, blockchain made a digital and financial revolution 15 years ago. What is more, this technology does not lose its relevance nowadays. Blockchain is still expanding the horizons of its practical and rational applications, including energy sector, healthcare and medicine, logistics, communications, banking and insurance services. The fundamental feature of blockchain which makes it highly demanded is secure and transparent transmission and storage of data, which is almost impossible to replace, delete or falsify. It is this feature that guarantees that technologies will remain in de ..read more
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Jeremy Hunt Promises Further Tax Cuts and Criticises Labour’s Plans
Business Matters
by Business Matters
18h ago
Chancellor Jeremy Hunt has pledged further tax cuts for the autumn, asserting that the UK economy has “turned a corner.” In a bid to draw clear distinctions ahead of the next election, Hunt accused Labour of planning to raise taxes while positioning the Conservatives as committed tax-cutters. In a speech on Friday, Hunt acknowledged the significant financial challenges faced by families due to the global pandemic and the energy crisis exacerbated by the war in Ukraine. He argued that the Conservative government had protected people’s finances during these turbulent times. Hunt highlighted tha ..read more
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More Than 6,000 UK Bank Branches Closed in Nine Years Amidst ‘Disastrous’ Impact
Business Matters
by Business Matters
18h ago
The number of UK bank branches that have permanently closed their doors over the past nine years will surpass 6,000 on Friday, a milestone that highlights the significant impact on local communities. The consumer group Which? has published these figures as part of its effort to bring attention to the widespread closures and their detrimental effects, urging this issue to become a focal point in the upcoming general election. Eight Barclays branches are set to close on Friday, bringing the total number of closures since 2015 to 6,005. Barclays alone is responsible for approximately 20% (1,216 ..read more
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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation
Business Matters
by Business Matters
19h ago
Inflation has significantly reshaped the UK economy, steering households towards the highest savings rate in three decades and reducing spending by £50 billion, according to the Resolution Foundation. In a recent report, the economic think tank highlighted that household consumption had contracted more than the fall in real incomes during the cost of living crisis, with excess cash being deposited into savings accounts. Compared to the final three months of 2019, the last quarter before the Covid-19 pandemic, real household disposable incomes have decreased by 1.1%, or £280 per year. However ..read more
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Examples of successful business solutions of European companies
Business Matters
by Business Matters
19h ago
In today’s dynamic world, companies are constantly looking for new ways to stay competitive and meet the changing needs of customers. One of the successful business decisions adopted by many European companies is the transition from retail to a service model. The transition from retail to service can be realised in different ways, but in general it involves shifting the focus from selling goods to providing customers with additional services and value. Here are some examples of successful transition to a new business model among European companies that emphasise the importance of adaptability ..read more
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