News

19 Oct

Pensions experts say a minimum of £10,900 a year needed to retire

A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, according to the Pensions and Lifetime Savings Association (PLSA).

18 Oct

Applications now open for freeports

Businesses that are planning to operate in the UK's new freeports can now apply to HMRC.

15 Oct

Over 40 trade associations back statement on business rate reform

A joint statement issued by 41 of the UK's trade associations has called on the government to reform business rates in order to help unlock green investment.

14 Oct

Deadline for 2020/21 self assessment tax returns approaching

HMRC has reminded self assessment taxpayers that the deadlines for filing 2020/21 tax returns are now approaching.

13 Oct

Chancellor has 'little room for manoeuvre' in the Budget

Chancellor Rishi Sunak will have 'little room for manoeuvre' in this month's Budget and Spending Review, according to the Institute for Fiscal Studies (IFS).

12 Oct

ICAEW calls for Autumn Budget to 'accelerate work to build modern tax system'

The Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to use the upcoming Autumn Budget to help accelerate work on building a modern UK tax system.

11 Oct

Three in ten firms to employ fewer people as result of NIC increase, IoD finds

A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs).

08 Oct

Business groups warn that fragile economy is on shaky ground

Business groups have warned Prime Minster Boris Johnson that the UK economy is fragile and the recovery from the coronavirus (COVID-19) pandemic remains on shaky ground.

07 Oct

IoD urges government to introduce tax super-deduction for investment in retraining

The Institute of Directors (IoD) has called on the government to introduce a tax super-deduction to plug an investment gap in retraining.

06 Oct

FSB warns tax rises 'threaten recovery from pandemic'

The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the coronavirus (COVID-19) pandemic.

05 Oct

Chancellor commits £500 million to extend job support schemes

Chancellor Rishi Sunak has committed £500 million to renew job support programmes set up during the coronavirus (COVID-19) pandemic after the end of the furlough scheme last month.

04 Oct

Working Tax Credit customers must report changes to working hours

HMRC is urging Working Tax Credit (WTC) customers to check if they need to update their working hours if these have reduced because of the pandemic.

01 Oct

Off payroll rules the forgotten factor driving the HGV crisis, says IPSE

Changes to the off payroll rules, commonly known as IR35, that were introduced earlier this year are the forgotten factor driving the HGV crisis, according to the Association of Independent Professionals and the Self-Employed (IPSE).

30 Sep

Chancellor warned of redundancies as furlough scheme ends

The government's Coronavirus Job Retention Scheme (CJRS) ends today (30 September) after supporting millions of workers during the pandemic.

29 Sep

New emergency fraud hotline launched

A new emergency fraud hotline has been launched for individuals to report financial scams as they take place.

28 Sep

£800 million Reinsurance Scheme opens for live events

The government has opened a £800 million Reinsurance Scheme to cover live events against coronavirus (COVID-19)-related cancellations.

27 Sep

Government announces plans to make requesting flexible working a day one right

UK workers could get more choice over when and where they work under new proposals to make the right to request flexible working a day one entitlement.

24 Sep

Making Tax Digital for Income Tax self assessment delayed for a year

The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax self assessment (MTD for ITSA) for a year, HMRC has announced.

23 Sep

IoD urges government to reduce planned level of business tax rises

The Institute of Directors (IoD) is urging the government to use the upcoming Budget to reduce the planned level of business tax rises.

22 Sep

British Business Bank provided £81.5 billion of COVID-19 support

COVID-19 emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year.

21 Sep

CBI survey finds three quarters of firms worried about labour shortages

A survey carried out by the CBI has revealed that three quarters of UK businesses are concerned about the impact of labour shortages on competitiveness.

20 Sep

COVID-19 sick pay rebate scheme to end on 30 September

The government's scheme that enables small businesses to recoup statutory sick pay costs caused by the coronavirus (COVID-19) will end at the end of September.

17 Sep

OTS says changing date of tax year end would be beneficial

Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS).

16 Sep

FSB survey suggests unemployment to rise by 50,000 as result of NICs rise

A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers, sole traders and employees.

15 Sep

Inflation sees sharpest increase on record

Inflation rose to 3.2% last month from 2% in July ? its largest ever recorded increase, according to the Office for National Statistics (ONS).

14 Sep

Higher taxes and lower business investment 'not a plan for growth', warns CBI

The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said.

13 Sep

Thousands of teenagers missing out on Child Trust Fund cash

HMRC is urging young people to check if they have a Child Trust Fund (CTF) account.

10 Sep

1.6 million still on furlough in July

At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier.

09 Sep

Chancellor to deliver Autumn 2021 Budget on 27 October

HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.

08 Sep

Business groups warn over tax increases

Business groups have warned that the government's plan to raise national insurance contributions (NICs) and add a surcharge to dividend income will hamper the economic recovery.

07 Sep

Staff shortages could continue for two years, warns CBI

Labour supply problems could last for up to two years and will not be solved by the end of the Coronavirus Job Retention Scheme (CJRS), the Confederation of British Industry (CBI) has warned.

06 Sep

Tax-Free Childcare can ease the cost of the return to school, says HMRC

Families may be eligible for Tax-Free Childcare (TFC) to help pay for breakfast clubs and after school clubs as their children go back to school, HMRC has said.

03 Sep

Drop proposed basis period reform, urges ICAEW

Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital (MTD) will cause as many problems as it solves, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned.

02 Sep

FSB suggests business rates system 'disincentivises investment'

The Federation of Small Businesses (FSB) has stated that the current business rates system in England serves to 'disincentivise businesses to invest in net zero and employee wellbeing measures'.

01 Sep

UK business confidence at four-year high

British business confidence is at its highest level since April 2017, according to the latest Lloyds Bank Business Barometer.

Here is our weekly round up of last week's news for business. To read more head to our website!… https://t.co/sScDnygmoL

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