Business investment remained stable in the United Kingdom at GBP 49.2 billion this autumn, after a 0.4 per cent fall in the previous period and compared with market expectations of a 0.5 per cent decline.
HMRC recently have got new powers to raid premises and demand inspections of your firm's records if it is investigating VAT or contractor tax frauds. Companies could face unlimited fines and be prosecuted and if they fail to spot tax evasion by their supplier.
Oracle Capital Group recommends clients to carry out due diligence on contractors and suppliers, as well as to get to know their responsibilities under "corporate criminal offence" legislation.
Cyprus applied to become part of the Schengen area in September.
Cyprus became a candidate country bound to join the Schengen Area. Residents of non-EU states who hold valid multiple-entry Schengen visas can first pass through a full Schengen member territory and enter Cyprus. The above arrangements do not apply for persons holding a Turkish or Azerbaijani passport, says Cyprus Ministry of Foreign Affairs.