News

25 May

Bank of England Governor states Brexit has 'cost UK households £900'

The Brexit vote has left UK households '£900 worse off', according to the Bank of England (BoE) Governor, Mark Carney.

24 May

IFS warns tax rises will be needed in order to sustain health service

The Institute for Fiscal Studies (IFS) has warned that the NHS will require tax rises in order to maintain the level of service it currently supplies.

23 May

UK firms give broadly positive feedback on HMRC customer service

According to a recently-published HMRC survey, 55% of UK mid-size businesses are satisfied with the customer service the Revenue has provided to them.

22 May

Broadband speeds for UK households and small businesses are '51% slower than advertised'

Research conducted by consumer group Which? has revealed that, on average, many UK households and small businesses only receive half the broadband speed they pay for.

21 May

Significant number of UK employees worked from home in 2017, TUC reveals

An analysis carried out by the Trades Union Congress (TUC) has revealed that 6.1% of UK employees regularly worked from home in 2017.

18 May

HMRC adds two new software providers to Making Tax Digital pilot

HMRC has added two new software providers to its Making Tax Digital (MTD) for income tax pilot scheme, bringing the current total to four.

17 May

UK workers will require pension pot of 'at least' £260,000, says study

A study carried out by insurers Royal London has suggested that UK workers will require a pension pot of 'at least' £260,000 to ensure a comfortable retirement.

16 May

UK set to experience 'strong growth in demand for labour' in second quarter of 2018

A survey carried out by the Chartered Institute of Personnel and Development (CIPD) has suggested that the UK is on course to experience 'strong growth' in demand for labour during the second quarter of this year.

15 May

Survey suggests millennials feel 'under most pressure' at work

A survey conducted by the Mental Health Foundation and Mental Health First Aid England has suggested that millennials feel under the most pressure at work when compared to any other age group.

14 May

Business group brands UK wage squeeze 'worst in modern history'

The Trades Union Congress (TUC) has branded the UK's current 'wage squeeze' as the 'worst in modern history'.

11 May

Many individuals believe self-employment has 'improved quality of life', survey finds

A survey carried out by AXA Business Insurance has revealed that a significant number of self-employed individuals believe that working for themselves has 'improved their quality of life'.

10 May

HMRC issues warning over tax refund scams

HM Revenue and Customs has issued a warning to taxpayers regarding the latest tax refund scams, which are targeting individuals via email and SMS messages.

09 May

Car insurance costs proving a 'significant burden' for young drivers

Young drivers in the UK are facing significant challenges as a result of high car insurance premiums, according to a recent report by comparison website Comparethemarket.com.

08 May

New digital pension schemes service is delayed

The launch of the government's new digital pension scheme platform has been delayed, HMRC has announced.

04 May

Brexit causes HMRC to delay Making Tax Digital for individuals

HMRC have delayed the full roll-out of Making Tax Digital (MTD) while the UK prepares to leave the EU in 2019.

03 May

Think tank proposes replacing inheritance tax with 'Lifetime Receipts Tax'

In a new report, think tank the Resolution Foundation has suggested that inheritance tax (IHT) should be abolished, and be replaced by a new 'Lifetime Receipts Tax'.

02 May

Late payments 'remain a real problem' for SMEs, research finds

Late payments 'remain a real problem' for UK small and medium-sized enterprises (SMEs), research carried out by accounting software company Xero has suggested.

01 May

'Avalanche of cuts' affecting UK economy, says TUC

The Trades Union Congress (TUC) has suggested that growth in the UK economy is being adversely affected by an 'avalanche of cuts'.

30 Apr

UK businesses 'targeting international trade' as part of growth plans, survey suggests

A survey carried out by distribution group CitySprint has suggested that UK firms are considering trading internationally in order to grow and expand their business.

27 Apr

Abolition of stamp duty for first-time homebuyers 'benefits 69,000 households'

The abolition of Stamp Duty Land Tax (SDLT) for first-time homebuyers of properties worth under £300,000 has 'benefitted 69,000 households', government data has suggested.

26 Apr

'Time running out' for SMEs to prepare for introduction of GDPR, says FSB

With less than one month until the introduction of the new General Data Protection Regulation (GDPR), the Federation of Small Businesses (FSB) has warned small and medium-sized enterprises (SMEs) that time is running out for them to prepare.

25 Apr

Report finds identity fraud 'on the rise' in the UK

A new report published by fraud prevention service Cifas has revealed that 2017 had the 'highest number of identity fraud cases ever recorded'.

24 Apr

Cost of Brexit 'divorce bill' still unclear, says NAO

The National Audit Office (NAO) has stated that the final cost of the UK's Brexit 'divorce bill' remains 'uncertain'.

23 Apr

Men ‘getting better state pension deal’ than women, research suggests

Research carried out by Which? has suggested that men get a ‘better state pension deal’ than women, with men receiving almost £29,000 more than women over the course of an average 20-year retirement.

20 Apr

Many businesses 'not seeing improvements in UK mobile network', states BCC

The British Chambers of Commerce (BCC) has stated that a significant number of UK businesses are 'not seeing improvements' in the UK's mobile network.

19 Apr

Think tank proposes creation of a 'wealth fund' to address wealth inequality

The Institute for Public Policy Research (IPPR) has proposed the creation of a new wealth fund to help address 'growing wealth inequality'.

18 Apr

Wage growth rate overtakes inflation for 'first time in a year', official figures reveal

Figures published by the Office for National Statistics (ONS) have revealed that the UK's wage growth rate rose at a faster pace than inflation during the three months to February.

17 Apr

OTS calls for 'urgent review' into how UK tax system affects businesses

In a new report, the Office of Tax Simplification (OTS) has called for the government to carry out 'urgent work' in order to simplify the business tax system for UK firms.

16 Apr

Growth in UK economy slow 'despite export boost'

A survey carried out by the British Chambers of Commerce (BCC) has showed that although export sales increased in the first quarter of 2018, the UK's overall economic growth was 'subdued'.

13 Apr

Confidence in UK economy has 'returned to positive figures', IoD finds

Business leaders' confidence in the UK economy has 'returned to positive figures', and has risen to its highest level since Article 50 was triggered, a survey carried out by the Institute of Directors has found.

12 Apr

CBI warns of cost rises if UK strays from EU regulations

In a new report, the Confederation of British Industry has warned the government that costs could rise for businesses if the UK were to diverge from EU regulations.

11 Apr

Proposals for making UK 'best place in world to do business' outlined by taskforce

The Small Business Taskforce has outlined a series of recommendations with the stated aim of ensuring that the UK remains 'one of the best places in the world to start and grow a business'.

10 Apr

Changes to termination payments could increase employer tax liability

Recent changes to payments in lieu of notice (PILONs) could mean further tax is due from employers when employees leave.

09 Apr

Business groups call for 'urgent reform' of Apprenticeship Levy

Business groups, including the Confederation of British Industry and the Institute of Directors have called for the government to reform its Apprenticeship Levy initiative, as experts warn that the scheme could cost UK businesses ‘millions’.

06 Apr

New business and tax measures take effect

As the 2018/19 tax year commences, a handful of new business and tax measures have come into effect, some of which are outlined below.

05 Apr

Government publishes 'sugar tax' guidance ahead of its introduction on 6 April

Ahead of its introduction on 6 April, the government has published guidance on how to pay the so-called 'sugar tax' and file Soft Drinks Industry Levy returns.

04 Apr

Businesses urged to publish gender pay gap figures as deadline approaches

The government has urged businesses in the voluntary and private sectors to publish their gender pay gap data ahead of the deadline of midnight on 4 April.

03 Apr

BCC survey suggests UK infrastructure 'less reliable' than five years ago

A survey carried out by the British Chambers of Commerce has suggested that UK infrastructure is 'less reliable' for businesses when compared to five years ago.

Congratulations to all the winners. Pictures of the evening at https://t.co/PbbQduwZ4j Exmouth Business Awards 2018… https://t.co/99QkjRHz9N

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