News

30 Mar

HMRC urges businesses using VAT deferral to cancel direct debits

Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have been urged to cancel their direct debits 'as soon as they can'.

30 Mar

HMRC publishes guidance on recognising genuine government contact

HMRC has published guidance on recognising genuine contact from the tax authority during the COVID-19 pandemic.

27 Mar

Chancellor unveils help for self-employed workers

On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis.

26 Mar

Pensions at increased risk of being targeted by scammers

The Pensions Regulator (TPR) has warned that pensions are at 'increased risk of being targeted by scammers' during the COVID-19 pandemic.

26 Mar

Government and financial regulators tell banks to keep lending

British banks must keep lending to businesses through the coronavirus crisis to ensure viable companies do not fail, the government and financial regulators have urged.

25 Mar

Contactless card payment limit set to rise from April

Trade association UK Finance has announced that from 1 April the spending limit for contactless card payments will rise from its current level of £30 to £45.

25 Mar

UK facing 'worst recession in modern history'

The UK economy is facing its worst recession in modern history after the coronavirus (COVID-19) caused a 'sharp slowdown', according to the latest Purchasing Managers' Index (PMI) survey from data provider IHS Markit.

24 Mar

Regulators request delay in corporate reporting

Financial regulators have requested a moratorium on corporate financial reports for at least two weeks.

24 Mar

Increase in home working raises risk of cyber-attacks

The significant increase in home working caused by the coronavirus pandemic has increased the risk of firms being hit by cyber-attacks, according to insurers Beazley.

23 Mar

Government unveils wage bailout scheme

Chancellor Rishi Sunak has announced a major wage bailout scheme to cover the salaries of British workers hit by the UK coronavirus crisis.

20 Mar

Coronavirus crisis sees UK interest rates cut to lowest level ever

The Bank of England has cut interest rates in an emergency move as it tries to support the UK economy in the face of the coronavirus pandemic.

19 Mar

HMRC delays introduction of off-payroll rules to private sector

HMRC has delayed the introduction of off-payroll rules to the private sector as part of its measures to support businesses through the coronavirus (COVID-19) pandemic.

18 Mar

View our COVID-19 update

Chancellor Rishi Sunak has set out a package of temporary, targeted measures to support public services, people and businesses through the period of disruption caused by COVID-19.

18 Mar

Chancellor unveils £330 billion support package for coronavirus pandemic

Chancellor Rishi Sunak has unveiled a package of support for the UK economy as it combats the coronavirus pandemic.

17 Mar

HMRC to stop sending automatic paper returns for self assessment

HMRC is stepping up its efforts to encourage digital returns by no longer sending automatic paper returns to self assessment taxpayers.

16 Mar

Economists warn of global coronavirus recession

The coronavirus pandemic will cause a global recession as action from governments around the world fails to halt sliding stock markets, warn economists at Barclays.

13 Mar

Buy-to-let landlords getting cold feet over sector regulation

Buy-to-let landlords have turned negative on their investments due to higher taxes and greater regulation, according to research from property development firm Accumulate Capital.

12 Mar

View our 2020 Budget Report

Chancellor Rishi Sunak delivered his 2020 Budget speech yesterday, outlining a range of tax and financial measures.

12 Mar

Chancellor takes measures to combat coronavirus

Chancellor Rishi Sunak used his first Budget to announce a £30 billion stimulus package to support the economy through the coronavirus outbreak.

11 Mar

Chancellor delivers Budget to meet 'challenging times'

Chancellor Rishi Sunak delivered his first Budget, and the first since the UK's departure from the European Union, against the backdrop of the coronavirus outbreak.

11 Mar

2020 Budget - the economic picture

Within his Budget speech, Chancellor Rishi Sunak unveiled extra funds to support UK workers and businesses affected by the outbreak of the coronavirus.

11 Mar

2020 Budget - the political reaction

Addressing the House of Commons, Chancellor Rishi Sunak stated that the 2020 Budget was one that 'delivers on our promises to the British people'.

11 Mar

2020 Budget - the business reaction

Business groups have responded to Chancellor Rishi Sunak's 2020 Budget speech.

11 Mar

2020 Budget - what to expect

Chancellor Rishi Sunak will deliver the 2020 Budget speech today at 12:30pm. We will keep you up to date on the key Budget announcements and supply a full summary, which will appear on our website tomorrow morning.

10 Mar

Coronavirus to blame as business confidence falls

The post-election rise in UK business confidence has dissipated as the coronavirus takes its toll on the global economy, according to new research.

09 Mar

Pensions sector loses billions per year to fraud

The UK pensions sector is losing almost £6 billion a year to fraud and scams, according to research from the University of Portsmouth's Centre for Counter Fraud Studies.

06 Mar

ICAEW joins industry leaders urging Bank of England to get tough on climate change

The Bank of England's incoming Governor has been urged to 'get tough' on climate change by over 100 industry leaders, including the Institute of Chartered Accountants in England and Wales (ICAEW).

05 Mar

Business groups urge Chancellor to take 'strategic approach' to tax policy

The Institute for Fiscal Studies (IFS), the Chartered Institute of Taxation (CIOT) and the Institute for Government (IfG) have urged Chancellor Rishi Sunak to take a new approach to making tax policy.

04 Mar

Loan charge repayment guidance issued by HMRC

HMRC has published details of proposed legislation for administering refunds to taxpayers who made voluntary payments prior to settling the loan charge.

03 Mar

Coronavirus 'gravest threat to global economy since financial crisis', says OECD

The Organisation for Economic Co-operation and Development (OECD) has warned that the coronavirus represents the 'gravest threat' to the global economy since the 2008 financial crisis.

02 Mar

FSB states scrapping Entrepreneurs' Relief would 'destroy retirements'

The Federation of Small Businesses (FSB) has stated that abolishing Entrepreneurs' Relief (ER) would 'destroy retirements'.

28 Feb

Off-payroll working rules get green light for April

The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020.

27 Feb

IFS urges Chancellor to raise taxes in upcoming Budget

The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.

26 Feb

UK public spending to top £1 trillion a year, predicts think tank

Government spending will increase to over £1 trillion a year by 2023/24, the Resolution Foundation has predicted.

25 Feb

Chancellor states IR35 enforcement will not be 'heavy handed'

Chancellor Rishi Sunak has promised that penalties for IR35 breaches will not be 'heavy handed' during the first year of the implementation of off-payroll rules to the private sector.

24 Feb

Government to name and shame minimum wage offenders

The UK government has reintroduced the naming and shaming of employers who fail to pay their employees the National Minimum Wage (NMW) or the National Living Wage (NLW).

21 Feb

Government pledges additional financial support for flooding victims

The government has pledged thousands of pounds in additional financial support for victims of the recent floods.

20 Feb

UK fast becoming cashless, says report

The UK will become a cashless society within the next 15 years unless the government takes action, according to the Access to Cash Review.

19 Feb

NAO finds tax reliefs cost UK £155 billion per year

Research carried out by the National Audit Office (NAO) has found that UK tax reliefs cost £155 billion per year.

18 Feb

Low take-up of TFC linked to poor understanding of scheme

Research commissioned by HMRC has suggested that low take-up of the Tax-Free Childcare (TFC) scheme is linked to a 'poor understanding' of the initiative.

17 Feb

Small landlords exiting buy-to-let market

Smaller landlords are exiting the buy-to-let market following cuts to tax relief, according to research from estate agency Hamptons International.

14 Feb

Rishi Sunak appointed as new Chancellor

Rishi Sunak has been appointed as Chancellor of the Exchequer following the surprise resignation of Sajid Javid on 13 February.

13 Feb

Flat growth 'should be a warning to government' ahead of Budget, states FSB

The Federation of Small Businesses (FSB) has stated that flat economic growth should serve as a wake-up call to the government ahead of the 2020 Budget.

12 Feb

HMRC carries out fewer dawn raids

The number of dawn raids carried out by HMRC on individuals and businesses dropped last year, according to data published by law firm Pinsent Masons.

11 Feb

CBI publishes Budget wishlist

The Confederation of British Industry (CBI) has published its wishlist ahead of the 2020 Budget, which will be delivered on Wednesday 11 March.

10 Feb

HMRC announces off-payroll changes will not be applied retrospectively

HMRC has announced that changes to off-payroll rules will only apply to payments made for services provided on or after 6 April 2020.

07 Feb

Finance Minister for Scotland outlines tax plans in Scottish Budget

On 6 February, Public Finance Minister for Scotland, Kate Forbes, outlined plans for Scottish taxation and spending in the 2020/2021 Scottish Budget.

06 Feb

Budget 'must address skills shortages' to boost UK growth, says BCC

The British Chambers of Commerce (BCC) has called for the Chancellor to use the Budget to address 'critical skills shortages' in order to 'level up' UK economic growth.

05 Feb

UK business confidence bounces back in January

According to a survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW), UK business confidence bounced back in January after the election of a majority government saw political uncertainty recede.

04 Feb

Over 950,000 taxpayers miss self assessment deadline

The number of taxpayers who missed the self assessment deadline rose to 958,296 this year, according to data published by HMRC.

03 Feb

Company insolvencies increase to highest level since 2013

According to data from the Insolvency Service, during 2019 the total number of company insolvencies in England and Wales rose to its highest level since 2013.

In our latest #coronavirus business update, we summarise all of the support measures that have been announced by th… https://t.co/dxbp3CO89r

4 days ago

@ThompsonJenner

Increase in home working raises risk of cyber-attacks: https://t.co/ET0XAf8pcZ #cybersecurity #datasecurityhttps://t.co/qVlibnduFL

6 days ago

@ThompsonJenner

RT @exmouthchamber: Useful business advice from Chamber Member @ThompsonJenner during the Coronavirus outbreak ... https://t.co/NA26T42KXf

6 days ago

@ThompsonJenner

@ThompsonJenner # Exmouth Partner Ruskin Wilson will also be available tomorrow to answer questions. https://t.co/Sy25tQKhfO

7 days ago

@ThompsonJenner

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