News

26 Jun

Typical UK SME 'worth £2.9 million', according to research

Research carried out by finance provider MarketInvoice has suggested that the typical UK small and medium-sized enterprise (SME) is 'worth more than £2.9 million'.

25 Jun

Research suggests small businesses 'unaware of AIA'

Research carried out by banking group Close Brothers has suggested that almost two thirds of UK small businesses are 'unaware of the Annual Investment Allowance' (AIA).

24 Jun

TUC calls for mandatory reporting of disability pay gaps

The Trades Union Congress (TUC) has called on the government to make it mandatory for businesses to report their disability pay gaps.

21 Jun

Many businesses 'including climate-related information in financial disclosures'

A report published by the Taskforce on Climate-related Financial Disclosures (TCFD) has revealed that an 'encouraging' number of businesses are now including climate-related information in their financial disclosures.

20 Jun

Government suspends scheme for naming employers who fail to pay NMW

The government has suspended its scheme for naming employers who fail to pay the National Minimum Wage (NMW).

19 Jun

Significant rise in number of data breach notifications since introduction of GDPR

Research carried out by law firm Pinsent Masons has suggested that, since the introduction of the General Data Protection Regulation (GDPR) on 25 May 2018, there has been a 'significant rise' in the number of data breach notifications reported to regulatory body the Information Commissioner's Office (ICO).

18 Jun

HMRC repays tax penalties worth £1.8 million to nearly 5,000 parents

HMRC has now repaid £1.8 million in tax penalties to nearly 5,000 parents who were fined for failing to register for the High Income Child Benefit Charge.

17 Jun

Rise in rental costs 'deterring young people from moving around country for jobs'

Research carried out by think tank the Resolution Foundation has suggested that young people are 'less likely to move around the country for a better job' as a result of a considerable rise in rental costs.

14 Jun

ICAEW responds to government 'off-payroll working rules' consultation

The Institute of Chartered Accountants in England and Wales (ICAEW) has responded to the government's consultation in regard to the 'off-payroll working rules from April 2020'.

13 Jun

Government tax investigations 'taking three years to complete', data suggests

Data published by law firm Pinsent Masons has suggested that government tax investigations into large businesses are taking 'three and a half years' to complete.

12 Jun

Business groups outline principles for UK trade policy

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the Trades Union Congress (TUC) have set out 'core principles' for UK trade policy post-Brexit.

11 Jun

Government Equalities Office 'considering gender pay gap reporting for small firms'

The Government Equalities Office has recommended extending the gender pay gap reporting initiative to include small and medium-sized enterprises (SMEs).

10 Jun

Significant number of individuals 'choosing to live cashless life', research suggests

Research carried out by trade association UK Finance has suggested that many individuals in the UK are choosing to live a 'largely cashless life'.

07 Jun

DIT launches online tool for international investors

The Department for International Trade (DIT) has launched an online tool to help potential international investors set up and expand their operations in the UK.

06 Jun

HMRC launches consultation on the operation of Insurance Premium Tax

HMRC has launched a new consultation on how the administration and collection of Insurance Premium Tax (IPT) can be 'modernised'.

05 Jun

OECD outlines timetable for reaching agreement on digital taxation of multinationals

The Organisation for Economic Co-operation and Development (OECD) has outlined a new timetable for reaching an agreement on the digital taxation of multinational businesses.

04 Jun

HMRC introduces new system to tackle scam phone calls

HMRC has introduced a new system designed to prevent criminals from spoofing government helpline phone numbers.

03 Jun

FSB urges government to 'push through late payments reform package'

The Federation of Small Businesses (FSB) has called for the government to 'push through the late payments reform package' announced in the 2019 Spring Statement.

31 May

UK 'can afford higher minimum wage', states Resolution Foundation

Commenting on the UK's 'low pay problem', think tank the Resolution Foundation has stated that Britain 'can afford an even higher minimum wage'.

30 May

Research suggests data protection fines have 'risen by 14% in a year'

Research carried out by law firm RPC has suggested that the average data protection fine levied by the Information Commissioner's Office (ICO) has risen by 14% in the year since the introduction of the General Data Protection Regulation (GDPR).

29 May

Investment Association calls for 'greater transparency' on dividends

The Investment Association (IA) is urging businesses to 'improve the transparency of their approach to paying dividends'.

28 May

Banking code offering 'increased protection from criminals' takes effect

From 28 May 2019, a new 'banking code' designed to offer consumers 'increased protection from criminals' takes effect.

24 May

Millennials living in 'relative poverty', according to think tank

A report published by think tank the Resolution Foundation has suggested that 22% of 'millennials' - those born between 1981 and 2000 - are living in 'relative poverty'.

23 May

MPs urge government to make 'radical improvements' to apprenticeship programme

MPs have urged the government to make 'radical improvements' to its apprenticeship programme, after finding that small employers are 'missing out' on the benefits associated with apprenticeships.

22 May

Research suggests many individuals 'unaware of IHT rules' when gifting money

Research carried out by the Institute for Fiscal Studies (IFS) and the National Centre for Social Research (NCSR) has suggested that only 45% of individuals seeking to gift money are aware of inheritance tax (IHT) rules and exemptions.

21 May

OTS calls for review of PAYE system

In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure tax agents can 'see relevant client information' and 'access a number of key services'.

20 May

ATT suggests couples 'could be affected' by increase in stamp duty for non-residents

The Association of Taxation Technicians (ATT) has suggested that couples in England and Northern Ireland could be affected by a proposed increase in stamp duty for non-UK residents purchasing residential property.

17 May

CBI calls for UK firms to 'improve people management practices'

A report published by the Confederation of British Industry (CBI) has suggested that UK businesses could potentially add up to £110 billion to the UK economy by 'improving their people management practices'.

16 May

Welsh taxpayers urged to check payslips following income tax code mix-up

Following an income tax code mix-up, HMRC has urged Welsh taxpayers to check their payslips to ensure the correct amount of tax has been deducted by their employer.

15 May

Government launches consultation on Companies House reforms

The government has launched a consultation on new Companies House reforms, including a 'major upgrade' of its register.

14 May

Cuts to grants 'affecting sales of electric cars in the UK'

A report published by the European Automobile Manufacturers' Association (EAMA) has suggested that sales of electric cars in the UK are being affected by the government's decision to reduce the grant for buyers of so-called 'green' vehicles.

13 May

Research suggests UK workers 'unaware of entitlement to paid travel time'

Research carried out by the Department for Business, Energy and Industrial Strategy has suggested that four in ten UK workers are 'unaware' that they are entitled to be paid for the time they spend travelling between work appointments.

10 May

FSB urges government to create 'small business plan for Europe'

The Federation of Small Businesses (FSB) has published a comprehensive 'small business plan', outlining a host of reforms to help 'unlock the potential of Europe's small businesses'. It is urging the government to follow suit and produce its own plan.

09 May

UK workers 'fear requesting a pay rise', research suggests

Research carried out by recruitment firm Reed has suggested that many UK workers find the thought of asking for a pay rise 'unsettling'.

08 May

Stockpiling by SME manufacturers 'reached record high' last quarter, research finds

Research carried out by the Confederation of British Industry (CBI) has revealed that stockpiling by small and medium-sized enterprises (SMEs) reached a 'record high' in the three months to April.

07 May

CIOT warns Digital Services Tax 'not a cure for struggling high streets'

The Chartered Institute of Taxation (CIOT) has warned that the government's planned Digital Services Tax (DST) won't serve as a cure for the UK's 'ailing high streets'.

03 May

Bank of England upgrades UK growth forecast

The Bank of England has upgraded its 2019 growth forecast for the UK economy.

02 May

'Record number' of UK workers being underpaid, Commission suggests

Research carried out by the Low Pay Commission (LPC) has suggested that a 'record number' of UK workers are being underpaid.

01 May

AAT urges government to 'fix broken business rates system'

The Association of Accounting Technicians (AAT) has urged the government to 'fix the broken business rates system'.

Government suspends scheme for naming employers who fail to pay #NMW https://t.co/vNQqUhwJa7 #employmentlawhttps://t.co/rr1UGe5M4Y

1 days ago

@ThompsonJenner

New #VAT rules for the building trade are getting closer. #HMRC will be applying new rules from 1 October 2019 whe… https://t.co/bHZp3igzx1

2 days ago

@ThompsonJenner

RT @VenturefestSW: This week saw the most cutting-edge innovation, technology and entrepreneurship innovators in the South West come togeth…

5 days ago

@ThompsonJenner

Fantastic day exhibiting at #VFSW2019 at @SandyParkExeter . Great to meet so many #innovative businesses and organi… https://t.co/73Mj3pmRFb

8 days ago

@ThompsonJenner

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