Latest News for Business

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14 Dec 2018

UK SMEs 'unmindful of risks posed by cyber-attacks', poll suggests

A poll commissioned by insurance firm Aon has suggested that UK small and medium-sized enterprises (SMEs) are 'unmindful of the risks' that cyber-attacks and data breaches pose to their business.


13 Dec 2018

Finance Secretary for Scotland outlines tax plans in Scottish Budget

In his draft Budget, Derek Mackay, the Finance Secretary for Scotland, outlined his plans for Scottish taxation and spending.


12 Dec 2018

Redesign tax system to help 'fight against climate change', says ACCA

The Association of Chartered Certified Accountants (ACCA) has published a report calling on governments to help tackle climate change by redesigning their tax systems.


11 Dec 2018

Business groups react to Brexit deal vote delay

Business groups have responded to the postponing of the vote on the draft Brexit deal.


10 Dec 2018

Confidence amongst small businesses 'falls to seven-year low'

Confidence amongst UK small businesses has 'fallen to its lowest point since 2011', the quarterly Small Business Index (SBI) published by the Federation of Small Businesses (FSB) has revealed.


07 Dec 2018

'Bad payment practices lead to SME failures', report suggests

A new report published by the Business, Energy and Industrial Strategy (BEIS) Committee has highlighted how 'bad payment practices' have led to the 'failure' of many small and medium-sized enterprises (SMEs).


06 Dec 2018

UK businesses urged to prepare now for potential 'no deal' Brexit

HMRC has written to 145,000 UK businesses to urge them to begin preparing now for a potential 'no deal' Brexit scenario.


05 Dec 2018

Report suggests HMRC 'treating taxpayers unfairly'

A report published by the Economic Affairs Committee has suggested that HMRC is 'treating taxpayers unfairly', and has called for the Revenue's tax avoidance and evasion powers to be reviewed.


04 Dec 2018

ICAEW urges employers to consider the tax implications of a seasonal party

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged employers to consider the tax implications associated with a seasonal party.


03 Dec 2018

Prime Minister backs 'Pensions Dashboards' initiative

Prime Minister Theresa May has outlined her commitment to the launch of the so-called 'Pensions Dashboards' initiative.


30 Nov 2018

'Improve employees' digital skills via apprenticeships', organisation urges employers

Research carried out by not-for-profit organisation The 5% Club has suggested that apprenticeships or training schemes could help to improve employees' digital skills.


29 Nov 2018

HMRC writes to taxpayers ahead of introduction of Welsh rates of income tax

HMRC has started to write to taxpayers ahead of the introduction of the Welsh rates of income tax (WRIT) on 6 April 2019.


28 Nov 2018

Late payments and restricted access to finance 'impacting firms' ability to grow'

A survey carried out by data provider Dun & Bradstreet has suggested that small firms' plans for growth are being adversely affected by late payments and restricted access to finance.


27 Nov 2018

Brexit deal 'will cost UK £100 billion per year' by 2030, study suggests

A study carried out by economic think tank the National Institute for Economic and Social Research (NIESR) has suggested that the government's Brexit deal will cost the UK £100 billion per year by 2030.


26 Nov 2018

OTS calls for overhaul of inheritance tax regime

The Office of Tax Simplification (OTS) has urged HMRC to overhaul the UK's inheritance tax (IHT) regime


23 Nov 2018

Committee warns small firms 'could pay heavy price' for MTD for VAT

The Economic Affairs Committee has warned HMRC that UK small businesses 'could pay a heavy price' for Making Tax Digital for VAT (MTD for VAT).


22 Nov 2018

First-time homebuyers 'saved £426 million' as result of changes to stamp duty

Data published by HMRC has revealed that first-time homebuyers have collectively 'saved £426 million' as a result of changes to Stamp Duty Land Tax (SDLT).


21 Nov 2018

Statistics reveal 'sugar tax' has generated £153 million for HMRC

Data has revealed that the Soft Drinks Industry Levy generated £153.8 million for HMRC in the year-to-date, up to the end of October.


20 Nov 2018

Older employees 'would welcome flexible working', survey suggests

A survey carried out on behalf of the Department for Business, Energy and Industrial Strategy (BEIS) has found that the majority of workers aged over 50 would 'welcome more flexibility' in the workplace.


19 Nov 2018

Official data reveals wages have risen 'at fastest pace in a decade'

Data published by the Office for National Statistics (ONS) has revealed that wages rose at the fastest pace in almost a decade in the three months to September.


16 Nov 2018

Self-employed individuals 'would back plans to expand pensions auto-enrolment'

A survey carried out by insurance firm Prudential has suggested that over half of self-employed workers would back plans to expand pensions auto-enrolment, or make pension saving compulsory.


15 Nov 2018

Business groups react to draft Brexit deal

Business groups have reacted to the government's draft Brexit deal with the EU.


14 Nov 2018

Government urges small businesses to utilise broadband vouchers

The government is urging small businesses to make use of so-called 'broadband vouchers', which are worth £2,500.


13 Nov 2018

Committee launches inquiry into banks' treatment of vulnerable customers

The Treasury Committee has launched a new inquiry into whether UK banks are doing enough to help vulnerable customers.


12 Nov 2018

Restricted access to finance 'holding back UK economy', FSB warns

The Federation of Small Businesses (FSB) has warned that UK economic growth is being 'restricted' by limited access to alternative finance options for small businesses.


09 Nov 2018

HMRC sends MTD for VAT communications to affected businesses

HMRC recently started to send out so-called 'encouragement letters' to businesses within the scope of Making Tax Digital for VAT (MTD for VAT).


08 Nov 2018

Prime Minister establishes five 'Brexit business councils'

Prime Minister Theresa May has created five new 'Brexit business councils', which will provide UK firms with advice and support in regard to creating the 'best business conditions' post-Brexit.


07 Nov 2018

Government unveils changes to probate fees

The government has unveiled significant changes to probate fees, which could result in owners of high-value properties paying nearly £6,000 more.


06 Nov 2018

HMRC delays reform of late payment penalty regime

HMRC has further delayed the planned reform of the late payment penalty regime.


05 Nov 2018

ONS data reveals gender pay gap has fallen to its 'lowest level yet'

Data published by the Office for National Statistics has revealed that the gender pay gap has fallen to its 'lowest level yet'.


02 Nov 2018

PAC warns 'cracks showing' in HMRC's performance ahead of Brexit

The Public Accounts Committee (PAC) has warned that 'cracks are showing' in HMRC's performance ahead of Brexit, which is set to take place on 29 March 2019.


01 Nov 2018

UK late payment culture 'showing signs of improvement', research reveals

The so-called late payment culture in the UK is 'showing signs of improvement', according to research carried out by invoicing solutions firm Tungsten Network.


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