News

15 Dec

Finance Secretary for Scotland announces income tax changes in Scottish Budget

In his draft Budget, Derek Mackay, the Finance Secretary for Scotland, has unveiled a series of changes to the Scottish income tax rates and bands.

14 Dec

SMEs hindered by lack of available funding, research suggests

Research published by banking group Close Brothers has suggested that small and medium-sized enterprises (SMEs) are struggling to access the funding required to grow their business.

13 Dec

Significant number of small businesses 'unaware of Making Tax Digital requirements'

A survey carried out by market research organisation Ipsos Mori on behalf of HMRC has suggested that a significant number of UK small businesses are 'unaware' of the forthcoming Making Tax Digital (MTD) requirements.

12 Dec

Government announces plans for new financial crime centre

The government has announced plans for a new financial crime centre, which will seek to combat money laundering and ‘economic crime’.

11 Dec

BCC downgrades its economic forecast for next three years

The British Chambers of Commerce (BCC) has downgraded its economic forecast for the next three years, citing ‘sluggish’ business investment and household consumption.

08 Dec

ICAEW shares tips for arranging a tax-efficient seasonal party

An end of year party can often prove to be an enjoyable way to celebrate the festive period with work colleagues.

07 Dec

Chancellor announces Spring Statement date

Chancellor Philip Hammond has announced that his first Spring Statement will be delivered on Tuesday 13 March 2018.

06 Dec

UK state pension 'least generous of all advanced economies', OECD states

A new study carried out by the Organisation for Economic Co-operation and Development (OECD) has suggested that the UK state pension is the 'least generous' of all the most advanced economies in the world.

05 Dec

CBI predicts UK economic growth to remain ‘steady but subdued’

The Confederation of British Industry (CBI) has stated that economic growth in the UK is on course to remain ‘steady, but subdued’ over the next couple of years.

04 Dec

Self assessment penalties ‘to be replaced with new points-based system’

The £100 penalty for filing a late tax return could be scrapped and replaced with a new driving licence-style points system, HMRC has revealed.

01 Dec

Autumn Budget stamp duty changes will have 'modest impact', says lender

In a new report, building society Nationwide has stated that the Autumn Budget changes to Stamp Duty Land Tax (SDLT) for first-time homebuyers will have only a 'modest impact' on housing demand.

30 Nov

Motorists 'less likely to choose diesel cars' following Autumn Budget tax changes

A survey carried out by CLM Fleet Management has suggested that UK drivers are less likely to purchase diesel cars, following tax changes made by Chancellor Philip Hammond in the recent Autumn Budget.

29 Nov

More than £1 billion stolen from bank accounts via credit card fraud, research finds

Research carried out by price comparison site comparethemarket.com has revealed that more than £1 billion has been stolen from bank accounts through credit and debit card fraud in the past year.

28 Nov

Government unveils new Industrial Strategy white paper

The government has published a white paper outlining a new ‘ambitious’ Industrial Strategy, which aims to boost the UK economy and ‘embrace the opportunities of technological change’.

27 Nov

Number of apprenticeships has fallen by 59%, data reveals

The number of individuals starting apprenticeships in England has fallen by 59%, according to figures published by the Department for Education (DfE).

24 Nov

UK on course for 'longest period of falling living standards since records began'

Think tank the Resolution Foundation has suggested that the UK economy is on course for 'the longest period of falling living standards since records began'.

23 Nov

View our 2017 Autumn Budget Report

Chancellor Philip Hammond delivered his 2017 Autumn Budget speech yesterday, outlining a range of tax and financial measures.

23 Nov

2017 Autumn Budget - Chancellor abolishes stamp duty for first-time homebuyers

In his Autumn Budget speech, Chancellor Philip Hammond abolished Stamp Duty Land Tax (SDLT) for first-time homebuyers, with immediate effect.

22 Nov

Chancellor presents 2017 Autumn Budget, 'building on Britain's global success story'

Chancellor Philip Hammond's first Autumn Budget was delivered against a backdrop of economic and political turmoil, fuelled partly by ongoing uncertainty in the Brexit process.

22 Nov

2017 Autumn Budget - the economic picture

Within his Autumn Budget speech, Chancellor Philip Hammond reported on 'an economy that continues to grow, continues to create more jobs than ever before and continues to confound those who seek to talk it down'.

22 Nov

2017 Autumn Budget - the political reaction

Chancellor Philip Hammond delivered the 2017 Autumn Budget to the House of Commons, pledging to 'seize the opportunities that lie within our grasp' and 'build on Britain's global success story'.

22 Nov

2017 Autumn Budget - the business reaction

Business groups have responded to the key announcements made in Chancellor Philip Hammond's Autumn Budget speech.

22 Nov

2017 Autumn Budget - what to expect

Chancellor Philip Hammond will deliver his 2017 Autumn Budget speech today at 12.30pm. We will be keeping you up to date on the key Budget announcements, and will be supplying a full summary which will appear on the site tomorrow morning.

21 Nov

Survey suggests two in five SMEs ‘unprepared’ for new GDPR

A survey carried out by the Data Compliance Doctors has suggested that two in five UK small and medium-sized enterprises (SMEs) - around 2.1 million businesses - are unprepared for the upcoming introduction of the new General Data Protection Regulation (GDPR).

20 Nov

Lowering VAT threshold would put SMEs at a disadvantage, FSB warns

The Federation of Small Businesses (FSB) has warned that lowering the VAT threshold would ‘drain small businesses of time and money’.

17 Nov

TUC urges Chancellor to use Autumn Budget to 'end wage squeeze'

The Trades Union Congress (TUC) has urged Chancellor Philip Hammond to use next week's Autumn Budget to put an end to the 'wage squeeze' currently plaguing UK workers.

16 Nov

Government delays Tax-Free Childcare scheme for parents of older children

The government has delayed its new Tax-Free Childcare scheme for parents of children aged between seven and 12.

15 Nov

Paper £10 notes set to be demonetised

The Bank of England (BoE) has announced that paper £10 notes will cease to be legal tender in England and Wales after 1 March 2018.

14 Nov

Fraud costs UK £190 billion per annum, data suggests

Data published by credit service agency Experian has suggested that fraudulent activity now costs the UK £190 billion per year.

13 Nov

CBI urges UK businesses to adopt ‘readily available technologies’

In a new report, the Confederation of British Industry (CBI) has urged UK businesses to adopt ‘tried and tested’ technologies in order to help reduce inequality between productivity and pay.

10 Nov

Chancellor urged to remove age-related tax inequalities in Autumn Budget

In a new report, think tank the Resolution Foundation has urged Chancellor Philip Hammond to tackle age-related tax inequalities in the upcoming Autumn Budget.

09 Nov

Bank of England survey indicates pay growth set to surge in 2018

A survey carried out by the Bank of England (BoE) has indicated that wage growth is set to accelerate in 2018 as businesses begin to increase wages amid recruitment difficulties.

08 Nov

OTS publishes recommendations for simplifying VAT

In a new report, the Office of Tax Simplification (OTS) has outlined a range of measures intended to help simplify VAT.

07 Nov

Business confidence low despite rise in profits, ICAEW finds

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that confidence levels amongst UK businesses are below zero, despite an increase in profit growth.

06 Nov

FSB responds to government’s decision to delay abolition of Class 2 NICs

The Federation of Small Businesses (FSB) has responded to the government's decision to delay the abolition of Class 2 national insurance contributions (NICs), branding it ‘regrettable and costly’.

03 Nov

Bank of England raises interest rates for first time in 10 years

The Bank of England (BoE) has raised interest rates from 0.25% to 0.5% - marking the first rate rise in ten years.

02 Nov

Brexit vote 'has cost UK households £600 per year', data suggests

A study carried out by think tank the National Institute of Economic and Social Research (NIESR) has suggested that the Brexit referendum has 'cost UK households over £600 per year'.

01 Nov

FCA finds more than a fifth of individuals 'failing to report investment scams'

A survey conducted by the Financial Conduct Authority (FCA) has revealed that more than a fifth of individuals who were contacted in regard to a fraudulent investment failed to report it.

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