Latest News for Business

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20 Feb 2019

MPs call for introduction of new levy on clothing retailers

The Environmental Audit Committee has called for the introduction of a new levy on so-called 'fast fashion' retailers.


19 Feb 2019

Data reveals parents 'failing to make use of Tax-Free Childcare'

According to data published by the government, its Tax-Free Childcare (TFC) scheme 'has not had the uptake expected', with only 22% of eligible families making use of it.


18 Feb 2019

Government publishes advice on minimising gender pay gap

The Government Equalities Office (GEO) has published advice designed to help UK businesses to reduce their gender pay gap.


15 Feb 2019

HMRC reveals 700,000 couples are 'missing out' on Marriage Allowance

HMRC has estimated that around 700,000 couples are 'missing out' on the Marriage Allowance, which could save them up to £238 in tax.


14 Feb 2019

BCC publishes list of 20 'unanswered' 'no deal' Brexit questions

The British Chambers of Commerce (BCC) has published a list of 20 'unanswered, critical questions' in relation to a 'no deal' Brexit scenario.


13 Feb 2019

Chancellor will be required to spend 'billions' to end austerity, says IFS

In a new report, economic think tank the Institute for Fiscal Studies (IFS) has suggested that Chancellor Philip Hammond will be required to spend 'billions more' in order to end austerity.


12 Feb 2019

Rise in probate fees to take effect despite opposition

Government plans to increase probate fees are set to go ahead despite considerable opposition.


11 Feb 2019

CIOT urges government to simplify Structures and Buildings Allowance

The Chartered Institute of Taxation (CIOT) has urged the government to 'simplify' its new Structures and Buildings Allowance (SBA).


08 Feb 2019

Study suggests UK workers 'have already lost a week's wages' to Brexit

A study carried out by the University of Warwick's Centre for Competitive Advantage in the Global Economy (CAGE) has revealed that the average UK worker has already lost a week's wages as a direct result of Brexit.


07 Feb 2019

HMRC figures reveal an increase in first-time buyer relief claims

Figures recently published by HMRC have revealed a 3% increase in the number of first-time buyer relief (FTBR) claims from the previous quarter, with 78% of transactions paying no Stamp Duty Land Tax (SDLT) at all.


06 Feb 2019

ICAEW suggests confidence amongst businesses has 'slumped'

The Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that confidence amongst businesses has 'slumped' as a result of ongoing Brexit uncertainty.


05 Feb 2019

Almost a third of UK businesses 'looking to relocate abroad due to Brexit'

A survey conducted by the Institute of Directors (IoD) has found that nearly a third of IoD members are looking to move their operations abroad due to the uncertainty surrounding Brexit.


04 Feb 2019

Treasury Committee launches business rates inquiry

The Treasury Committee has launched an inquiry into the UK's business rates system, in order to assess the impact of business rates on firms.


01 Feb 2019

CBI outlines next stage of apprenticeship reform

The Confederation of British Industry (CBI) has published a report outlining the next steps that must be taken in order to successfully reform the UK's apprenticeship system.


31 Jan 2019

UK small firms spending 'significant amount' on tax and employment obligations

According to new research, UK small businesses are spending 15% more on tax and employment obligations when compared to 2011.


30 Jan 2019

Chancellor announces Spring Statement date

Chancellor Philip Hammond has announced that this year's Spring Statement will be delivered on Wednesday 13 March.


29 Jan 2019

Taxpayers urge HMRC to delete biometric data

Thousands of taxpayers have urged HMRC to delete the biometric data it stored during phone calls made to its Voice ID system.


28 Jan 2019

IMF warns 'no deal' Brexit could 'damage global economy'

The International Monetary Fund (IMF) has warned the UK that a 'no deal' Brexit could 'damage the global economy'.


25 Jan 2019

HMRC urges 3.5 million taxpayers to submit their tax return before deadline

With less than a week to go until the deadline, HMRC has urged the 3.5 million taxpayers yet to file their self assessment tax return to do so before 11:59pm on 31 January 2019.


24 Jan 2019

Businesses to begin disclosing climate change risks in annual reports

According to research published recently by the Carbon Trust, 67% of UK businesses will begin to incorporate climate change risks and opportunities in their 2019 annual reports.


23 Jan 2019

HMRC confirms Brexit will not affect roll-out of MTD for VAT

HMRC has confirmed that Brexit will not affect the introduction of Making Tax Digital for VAT (MTD for VAT).


22 Jan 2019

Insolvency Service urges savers to 'protect pension pots from investment scammers'

The Insolvency Service has urged those saving for retirement to protect their pension pots from 'investment scammers and negligent trustees'.


21 Jan 2019

Small business confidence 'falls to lowest level since 2011'

A survey carried out by the Federation of Small Businesses (FSB) has revealed that confidence amongst small firms has 'fallen to its lowest level since 2011'.


18 Jan 2019

Rising cost of living 'causing financial concern' for young people, research finds

Research carried out by NatWest has suggested that the 'rising cost of living' is causing financial concern for young people in the UK.


17 Jan 2019

Government launches new taskforce to combat economic crime

The government has launched a new economic crime taskforce, which will work to combat fraud, bribery, money laundering and corruption.


16 Jan 2019

Business groups respond to outcome of vote on Brexit deal

Business groups have responded to the outcome of the vote on Prime Minister Theresa May's Brexit deal.


15 Jan 2019

Data reveals slow growth in UK economy

Data published by the Office for National Statistics (ONS) has revealed that UK economic growth decelerated in the three months to November 2018, expanding at its slowest pace in six months.


14 Jan 2019

SMEs 'waiting 43 days to be paid by government contractors', research suggests

Research carried out by online business finance supermarket Funding Options has suggested that UK small and medium-sized enterprises (SMEs) have to wait an average of 43 days to be paid by government contractors.


11 Jan 2019

HMRC extends MTD for VAT pilot scheme to all eligible firms

HMRC has extended its Making Tax Digital for VAT (MTD for VAT) pilot scheme to all eligible businesses.


10 Jan 2019

Ban on pensions cold-calling takes effect

From 9 January 2019, the government's new ban on pensions cold-calling takes effect.


09 Jan 2019

Many firms 'actively tackling' gender pay gap, survey suggests

A survey carried out by the Confederation of British Industry (CBI) has suggested that 93% of UK firms are 'actively tackling' their gender pay gap.


08 Jan 2019

TUC report reveals household debt has 'hit new peak'

A report published by the Trades Union Congress (TUC) has revealed that UK household debt has 'reached new highs'.


07 Jan 2019

Experts call for introduction of 'pudding tax' to combat sugar consumption

Public health experts have called for the government to introduce a so-called 'pudding tax' in order to help tackle high rates of sugar consumption amongst children.


04 Jan 2019

Data reveals significant number of taxpayers filed tax returns over festive period

Data published by HMRC has revealed that more than 10,000 self assessment tax returns were filed over the festive period.


03 Jan 2019

New energy price cap comes into effect

Around 11 million households could benefit from a new cap on energy prices, which came into effect on 1 January.


02 Jan 2019

Small business group calls for focus on 'domestic agenda' in New Year message

The Federation of Small Businesses (FSB) has urged the government to re-focus on encouraging and supporting UK small businesses, rather than spending time on 'political infighting', in its New Year message.


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