According to Department of Trade and Industry figures, there were 6,110 new VAT-registered companies for 2002 in Wales but 6,785 de-registrations, giving a negative balance of 675.
The increase in the rate of de-registrations in Wales was 5.2% – making it the second worse performing region in the UK after London, whose rate of de-registration was 8.2%.
Although growing numbers of small businesses appeared under pressure, commentators stressed that other economic indicators for the region were positive, including employment figures and the Purchasing Managers’ Index.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements