19 Mar

New rules introduced to tackle online VAT fraud

New rules aimed at combating online VAT fraud have been introduced by the government.

16 Mar

Government launches £67 million full-fibre broadband scheme

The government has launched a new £67 million full-fibre broadband scheme, with the stated aim of assisting small businesses and individuals to gain access to faster broadband.

15 Mar

IFS states tax rises of £30 billion per year needed in order to reduce deficit

In its response to the Chancellor's Spring Statement, the Institute for Fiscal Studies (IFS) has suggested that tax increases amounting to £30 billion per year will be needed in order to cut the UK's deficit.

14 Mar

2018 Spring Statement - Chancellor invites views of small firms on VAT threshold

In his 2018 Spring Statement, Chancellor Philip Hammond invited small businesses to provide feedback on the impact of the current VAT threshold.

14 Mar

View our 2018 Spring Statement summary

Chancellor Philip Hammond delivered his first Spring Statement speech yesterday, responding to the latest economic forecasts published by the Office for Budget Responsibility (OBR).

13 Mar

Spring Statement heralds the 'light at the end of the tunnel'

Chancellor Philip Hammond has presented his first Spring Statement, with something of a spring in his step.

13 Mar

2018 Spring Statement - the economic picture

In his Spring Statement speech, Chancellor Philip Hammond responded to the latest forecasts as published by the Office for Budget Responsibility (OBR).

13 Mar

2018 Spring Statement - the political reaction

Chancellor Philip Hammond delivered the 2018 Spring Statement to the House of Commons, stating that the government has 'made solid progress towards building an economy that works for everyone'.

13 Mar

2018 Spring Statement - the business reaction

Business groups have responded to Chancellor Philip Hammond's Spring Statement speech.

13 Mar

2018 Spring Statement - what to expect

Chancellor Philip Hammond will deliver his first Spring Statement today at 12.30pm.

12 Mar

Research suggests average UK small business owed £63,000 in late payments

Research carried out by commercial data provider Dun & Bradstreet has suggested that the average UK small business is owed £63,881 in late payments.

09 Mar

TUC analysis of gender pay gap suggests women 'work for free for two months'

A Trades Union Congress (TUC) analysis of gender pay inequality has suggested that, on average, women have to wait 67 days before they get paid, when compared to the average man.

08 Mar

Brexit 'should not overshadow growth', BCC warns government

The British Chambers of Commerce (BCC) has warned the government that Brexit should not overshadow its plans for boosting growth in the UK economy.

07 Mar

Government publishes Making Tax Digital for VAT legislation

The government has published the Value Added Tax (Amendment) Regulations 2018, which outline the requirements for Making Tax Digital for VAT.

06 Mar

Figures show significant increase in contactless card fraud

Contactless card fraud increased to £5.6 million in the first half of 2017, the latest figures published by UK Finance show.

05 Mar

IPPR suggests abolishing income tax bands to help taxpayers save

The Institute for Public Policy Research (IPPR) has suggested that income tax bands should be abolished in order for taxpayers to save more.

02 Mar

Many businesses 'underestimate the risk' involved with cybercrime, report finds

A large proportion of small and medium-sized enterprises (SMEs) and the general public 'underestimate the threat of cybercrime', a new report from the government's Cyber Aware Campaign has found.

01 Mar

TUC urges employers to remain vigilant as heavy snowfall affects much of the UK

The Trades Union Congress (TUC) has urged employers to stay vigilant in the wake of heavy snowfall currently affecting much of the UK.

28 Feb

Chancellor urged to freeze business rates in upcoming Spring Statement

Chancellor Philip Hammond has been urged to freeze business rates in his forthcoming Spring Statement, which is set to be delivered on Tuesday 13 March.

27 Feb

HMRC to receive £100 million as result of Panama Papers investigations

HMRC has confirmed that, after following leads generated by investigations into the so-called Panama Papers, it expects to receive £100 million in additional taxes.

26 Feb

Study suggests unpaid overtime caused UK workers to lose £31 billion in 2017

A study carried out by the Trades Union Congress (TUC) has suggested that UK workers lost £31.2 billion last year as a direct result of working unpaid overtime.

23 Feb

Deadline to spend old £10 notes rapidly approaching, Bank of England warns

The Bank of England (BoE) has warned that the deadline for spending old £10 notes is rapidly approaching.

22 Feb

Data shows many firms 'paying male employees more than female employees'

Data published by the government's Equalities Office has revealed that a vast majority of UK firms are paying male employees more than their female employees.

21 Feb

Businesses 'turning to alternative sources of finance', research suggests

Research published by the British Business Bank (BBB) has suggested that UK small businesses are increasingly turning to alternative sources of finance to fund their plans for growth and expansion.

20 Feb

SMEs expect cryptocurrency payments to reach high street 'within two years'

Research carried out by card payments provider Paymentsense has suggested that owners of small and medium-sized enterprises (SMEs) expect cryptocurrency payments to be a reality on the UK high street 'within two years'.

19 Feb

Average UK small business ‘spends £5,000 on tax compliance every year’, study finds

A new report published by the Federation of Small Businesses (FSB) has found that the average UK small business spends £5,000 per year on tax compliance.

16 Feb

Significant number of UK workers 'planning to become self-employed', research finds

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future.

15 Feb

Bank of England survey suggests UK workers in line for pay rise

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers.

14 Feb

Shared parental leave take-up ‘as low as 2%’, says government

The Department for Business, Energy and Industrial Strategy (BEIS) has suggested that take-up of shared parental leave ‘could be as low as 2%’.

13 Feb

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax (IHT) nil-rate band.

12 Feb

Government launches power of attorney fee refund scheme

The Ministry of Justice (MoJ) has launched a refund scheme for those who may have been overcharged for power of attorney arrangements.

09 Feb

HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme

HMRC has urged accountancy bodies to help it enlist willing businesses to take part in an upcoming Making Tax Digital for VAT (MTD for VAT) pilot scheme.

08 Feb

Research suggests lack of savings putting individuals 'at risk of financial hardship'

Research carried out by banking group Aldermore has suggested that a lack of business savings is putting a strain on self-employed individuals in the UK.

07 Feb

Government outlines reforms in response to Taylor review of employment practices

In response to Matthew Taylor's Review of Modern Working Practices, the government has outlined a series of reforms, designed to give 'flexible workers' new employment rights.

06 Feb

HMRC's VAT bill worth 21% of its total tax take, data reveals

Data published by HMRC has revealed that VAT now accounts for 21% of the Revenue's overall tax take.

05 Feb

Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS

Research carried out by the Institute for Fiscal Studies has suggested that mothers working part-time jobs are receiving 'long-term pay penalties' as a direct result of the gender pay gap.

02 Feb

HMRC reveals 'record number' of taxpayers submitted tax returns before deadline

A 'record number' of taxpayers submitted their self assessment tax returns before the 31 January deadline, HMRC has revealed.

01 Feb

Two thirds of businesses 'unprepared for GDPR', survey suggests

A survey carried out by professional services firm EY has suggested that two thirds of businesses are 'unprepared' for the upcoming introduction of the General Data Protection Regulation (GDPR).

RT @exmouthchamber: With very grateful thanks to our Sponsors for the Exmouth Chamber Business Awards 2018 #ECBA2018 @wnwdigital @exmouthjo

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2018 #SpringStatement - Chancellor invites views of small firms on #VAT threshold

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The Chancellor made no significant announcements of tax changes in yesterday’s #SpringStatement. However, he did an…

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2018 #SpringStatement - the economic picture

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