News

18 Apr

UK SMEs 'exploring new sources of finance', research finds

Research carried out by American Express has found that, as access to finance becomes 'increasingly difficult to secure', UK small and medium-sized enterprises (SMEs) are 'exploring new sources of finance' instead.

17 Apr

Study suggests UK employees 'work longest hours in EU'

A study carried out by the Trades Union Congress (TUC) has suggested that UK employees 'work the longest hours in the EU'.

16 Apr

Survey reveals businesses 'investing significantly in tax technology'

A survey carried out by Thomson Reuters has revealed that businesses are investing significant amounts in new tax technology, such as Making Tax Digital (MTD) software.

15 Apr

Experts urge government to simplify Apprenticeship Levy

Experts have called for the government to 'simplify' the Apprenticeship Levy amidst claims that it has 'complicated learning and development'.

12 Apr

IFS states high earners 'increasingly hit by lack of indexation'

The Institute for Fiscal Studies (IFS) recently published a report which revealed that more people are being 'dragged into higher rates of tax' as a result of tax thresholds failing to rise in line with the rate of inflation.

11 Apr

Business groups react to 'flexible extension' of Article 50

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have reacted to the six-month 'flexible' extension of Article 50, granted to the UK by EU leaders.

10 Apr

IMF downgrades global growth forecast

The International Monetary Fund (IMF) has downgraded its global growth forecast for 2019 to its 'lowest level' since the financial crisis.

09 Apr

TUC states shared parental leave scheme needs 'overhauling'

The Trades Union Congress (TUC) has stated that the shared parental leave and pay scheme needs 'overhauling', and has urged the government to take action.

08 Apr

Government commits to implementation of pensions dashboard initiative

The government has confirmed that it intends to implement its proposed pensions dashboard initiative, which will allow those saving for retirement to view information from multiple pensions in one place.

05 Apr

Business leaders urged to 'do more' to help prevent cyber-attacks

Following the publication of the government's 2019 Cyber Security Breaches Survey, business leaders are being urged to 'do more' to protect their firms from cyber-attacks and cybercrime.

04 Apr

Older workers 'may be paying unnecessary tax on State Pension', research suggests

Research carried out by insurer Royal London has suggested that half a million older workers could be 'paying unnecessary tax' on their State Pension.

03 Apr

Survey suggests indicators of UK economic health have 'weakened'

A survey carried out by the British Chambers of Commerce (BCC) has suggested that the 'key indicators' of UK economic health 'weakened considerably' during the first quarter of 2019.

02 Apr

MTD for VAT takes effect for over one million businesses

On 1 April, the government's Making Tax Digital for VAT (MTD for VAT) initiative came into effect.

01 Apr

Survey finds awareness of gender pay gap reporting requirements is 'low'

A survey carried out by the Chartered Management Institute (CMI) has suggested that awareness of the gender pay gap reporting requirements is 'low'.

29 Mar

ATT warns of tax changes for non-residential UK property owners

The Association of Taxation Technicians (ATT) has warned non-resident UK property owners that changes set to take effect from April will require them to pay tax on all UK land disposals, no matter whether residential or commercial.

28 Mar

Government delays probate fees rise

The government has delayed its planned increase in probate fees.

27 Mar

ONS warns automation could 'replace 1.5 million jobs'

The Office for National Statistics (ONS) has warned that automation could replace up to 1.5 million jobs in the UK, leaving workers unemployed.

26 Mar

HMRC urges firms to sign up for MTD for VAT

With less than a week to go, HMRC is urging those firms which haven't signed up for the Making Tax Digital for VAT (MTD for VAT) scheme to do so 'as soon as possible'.

25 Mar

Data reveals significant rise in number of contactless payments

Data published by UK Finance has revealed that two in five card payments are made using contactless technology.

22 Mar

Data reveals 84,000 people fell victim to bank payment scams in 2018

Trade association UK Finance has revealed that more than 84,000 bank customers fell victim to so-called bank payment scams in 2018.

21 Mar

HMRC warns businesses MTD registration 'takes seven days'

With Making Tax Digital for VAT (MTD for VAT) set to take effect from 1 April, HMRC has warned UK businesses that the registration procedure will take up to seven days to complete.

20 Mar

Government publishes additional Brexit advisory documents

The government has published additional documents containing advice on Brexit for UK small businesses.

19 Mar

MPs urge government to implement tax on social media firms

A group of MPs has called on the government to tax the profits of social media businesses.

18 Mar

NEF calls for personal allowance to be replaced with 'weekly national allowance'

Think tank the New Economics Foundation (NEF) has called for the income tax personal allowance to be replaced with a new 'weekly personal allowance'.

15 Mar

IFS states UK 'urgently' needs an 'effective' Spending Review

In its analysis of the 2019 Spring Statement, the Institute for Fiscal Studies (IFS) stated that the UK 'urgently' needs an effective Spending Review, in order to take account of public finances and 'the needs of public services'.

14 Mar

View our 2019 Spring Statement summary

Chancellor Philip Hammond delivered the 2019 Spring Statement yesterday, responding to the latest economic forecasts published by the Office for Budget Responsibility (OBR).

14 Mar

2019 Spring Statement - Chancellor provides update on plans to tackle late payments

In his 2019 Spring Statement, Chancellor Philip Hammond outlined detailed plans to tackle the issue of late payments in the UK.

13 Mar

Chancellor delivers Spring Statement amid 'cloud of uncertainty'

Chancellor Philip Hammond's second Spring Statement was delivered against a backdrop of political turmoil.

13 Mar

2019 Spring Statement - the political reaction

Chancellor Philip Hammond delivered the 2019 Spring Statement to the House of Commons, and stated that the UK economy had 'reached a turning point'.

13 Mar

2019 Spring Statement - the business reaction

Business groups have responded to Chancellor Philip Hammond's Spring Statement speech.

13 Mar

2019 Spring Statement - the economic picture

In his Spring Statement speech, Chancellor Philip Hammond responded to the latest forecasts as published by the Office for Budget Responsibility (OBR).

13 Mar

2019 Spring Statement - what to expect

Chancellor Philip Hammond will deliver the 2019 Spring Statement today. We will be keeping you up-to-date on the latest developments.

12 Mar

Report suggests millions of people 'would struggle in a cashless society'

A report published by the Access to Cash Review has revealed that, without action from the government, more than eight million individuals in the UK would 'struggle to cope in a cashless society'.

11 Mar

Putting MTD software into place 'will cost firms an average of £564', FSB finds

Research published by the Federation of Small Businesses (FSB) has found that putting Making Tax Digital (MTD) software into place 'could cost UK small firms an average of £564'.

08 Mar

HMRC publishes guidance on accounting for VAT in event of a 'no deal' Brexit

HMRC has published guidance on how businesses should account for import VAT in the event that the UK leaves the EU without a Brexit deal.

07 Mar

FSB advises Chancellor to use Spring Statement to 'help small businesses'

The Federation of Small Businesses (FSB) has urged Chancellor Philip Hammond to use the upcoming Spring Statement to 'help small firms'.

06 Mar

CIOT urges government to ensure Digital Services Tax is a 'temporary fix'

The Chartered Institute of Taxation (CIOT) has urged the government to make its planned Digital Services Tax (DST) a 'temporary fix' to the issue of taxing online businesses.

05 Mar

HMRC warns households of rise in landline tax scams

HMRC has urged UK households with a landline number to be vigilant following a significant rise in landline tax scams.

04 Mar

HMRC urges 1.17 million businesses to sign up to MTD for VAT

With less than a month until the introduction of Making Tax Digital for VAT (MTD for VAT), HMRC is urging the 1.17 million UK businesses which have not yet signed up to the initiative to do so 'as soon as possible'.

01 Mar

Data reveals 500,000 homebuyers have 'benefitted from Help to Buy schemes'

According to data published by the Office for National Statistics (ONS), almost 500,000 homebuyers have benefitted from using one of the government's Help to Buy schemes.

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