Latest News for Business

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17 Jun 2019

Rise in rental costs 'deterring young people from moving around country for jobs'

Research carried out by think tank the Resolution Foundation has suggested that young people are 'less likely to move around the country for a better job' as a result of a considerable rise in rental costs.


14 Jun 2019

ICAEW responds to government 'off-payroll working rules' consultation

The Institute of Chartered Accountants in England and Wales (ICAEW) has responded to the government's consultation in regard to the 'off-payroll working rules from April 2020'.


13 Jun 2019

Government tax investigations 'taking three years to complete', data suggests

Data published by law firm Pinsent Masons has suggested that government tax investigations into large businesses are taking 'three and a half years' to complete.


12 Jun 2019

Business groups outline principles for UK trade policy

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the Trades Union Congress (TUC) have set out 'core principles' for UK trade policy post-Brexit.


11 Jun 2019

Government Equalities Office 'considering gender pay gap reporting for small firms'

The Government Equalities Office has recommended extending the gender pay gap reporting initiative to include small and medium-sized enterprises (SMEs).


10 Jun 2019

Significant number of individuals 'choosing to live cashless life', research suggests

Research carried out by trade association UK Finance has suggested that many individuals in the UK are choosing to live a 'largely cashless life'.


07 Jun 2019

DIT launches online tool for international investors

The Department for International Trade (DIT) has launched an online tool to help potential international investors set up and expand their operations in the UK.


06 Jun 2019

HMRC launches consultation on the operation of Insurance Premium Tax

HMRC has launched a new consultation on how the administration and collection of Insurance Premium Tax (IPT) can be 'modernised'.


05 Jun 2019

OECD outlines timetable for reaching agreement on digital taxation of multinationals

The Organisation for Economic Co-operation and Development (OECD) has outlined a new timetable for reaching an agreement on the digital taxation of multinational businesses.


04 Jun 2019

HMRC introduces new system to tackle scam phone calls

HMRC has introduced a new system designed to prevent criminals from spoofing government helpline phone numbers.


03 Jun 2019

FSB urges government to 'push through late payments reform package'

The Federation of Small Businesses (FSB) has called for the government to 'push through the late payments reform package' announced in the 2019 Spring Statement.


31 May 2019

UK 'can afford higher minimum wage', states Resolution Foundation

Commenting on the UK's 'low pay problem', think tank the Resolution Foundation has stated that Britain 'can afford an even higher minimum wage'.


30 May 2019

Research suggests data protection fines have 'risen by 14% in a year'

Research carried out by law firm RPC has suggested that the average data protection fine levied by the Information Commissioner's Office (ICO) has risen by 14% in the year since the introduction of the General Data Protection Regulation (GDPR).


29 May 2019

Investment Association calls for 'greater transparency' on dividends

The Investment Association (IA) is urging businesses to 'improve the transparency of their approach to paying dividends'.


28 May 2019

Banking code offering 'increased protection from criminals' takes effect

From 28 May 2019, a new 'banking code' designed to offer consumers 'increased protection from criminals' takes effect.


24 May 2019

Millennials living in 'relative poverty', according to think tank

A report published by think tank the Resolution Foundation has suggested that 22% of 'millennials' - those born between 1981 and 2000 - are living in 'relative poverty'.


23 May 2019

MPs urge government to make 'radical improvements' to apprenticeship programme

MPs have urged the government to make 'radical improvements' to its apprenticeship programme, after finding that small employers are 'missing out' on the benefits associated with apprenticeships.


22 May 2019

Research suggests many individuals 'unaware of IHT rules' when gifting money

Research carried out by the Institute for Fiscal Studies (IFS) and the National Centre for Social Research (NCSR) has suggested that only 45% of individuals seeking to gift money are aware of inheritance tax (IHT) rules and exemptions.


21 May 2019

OTS calls for review of PAYE system

In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure tax agents can 'see relevant client information' and 'access a number of key services'.


20 May 2019

ATT suggests couples 'could be affected' by increase in stamp duty for non-residents

The Association of Taxation Technicians (ATT) has suggested that couples in England and Northern Ireland could be affected by a proposed increase in stamp duty for non-UK residents purchasing residential property.


17 May 2019

CBI calls for UK firms to 'improve people management practices'

A report published by the Confederation of British Industry (CBI) has suggested that UK businesses could potentially add up to £110 billion to the UK economy by 'improving their people management practices'.


16 May 2019

Welsh taxpayers urged to check payslips following income tax code mix-up

Following an income tax code mix-up, HMRC has urged Welsh taxpayers to check their payslips to ensure the correct amount of tax has been deducted by their employer.


15 May 2019

Government launches consultation on Companies House reforms

The government has launched a consultation on new Companies House reforms, including a 'major upgrade' of its register.


14 May 2019

Cuts to grants 'affecting sales of electric cars in the UK'

A report published by the European Automobile Manufacturers' Association (EAMA) has suggested that sales of electric cars in the UK are being affected by the government's decision to reduce the grant for buyers of so-called 'green' vehicles.


13 May 2019

Research suggests UK workers 'unaware of entitlement to paid travel time'

Research carried out by the Department for Business, Energy and Industrial Strategy has suggested that four in ten UK workers are 'unaware' that they are entitled to be paid for the time they spend travelling between work appointments.


10 May 2019

FSB urges government to create 'small business plan for Europe'

The Federation of Small Businesses (FSB) has published a comprehensive 'small business plan', outlining a host of reforms to help 'unlock the potential of Europe's small businesses'. It is urging the government to follow suit and produce its own plan.


09 May 2019

UK workers 'fear requesting a pay rise', research suggests

Research carried out by recruitment firm Reed has suggested that many UK workers find the thought of asking for a pay rise 'unsettling'.


08 May 2019

Stockpiling by SME manufacturers 'reached record high' last quarter, research finds

Research carried out by the Confederation of British Industry (CBI) has revealed that stockpiling by small and medium-sized enterprises (SMEs) reached a 'record high' in the three months to April.


07 May 2019

CIOT warns Digital Services Tax 'not a cure for struggling high streets'

The Chartered Institute of Taxation (CIOT) has warned that the government's planned Digital Services Tax (DST) won't serve as a cure for the UK's 'ailing high streets'.


03 May 2019

Bank of England upgrades UK growth forecast

The Bank of England has upgraded its 2019 growth forecast for the UK economy.


02 May 2019

'Record number' of UK workers being underpaid, Commission suggests

Research carried out by the Low Pay Commission (LPC) has suggested that a 'record number' of UK workers are being underpaid.


01 May 2019

AAT urges government to 'fix broken business rates system'

The Association of Accounting Technicians (AAT) has urged the government to 'fix the broken business rates system'.


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