Business News

07 Dec 2018

'Bad payment practices lead to SME failures', report suggests

A new report published by the Business, Energy and Industrial Strategy (BEIS) Committee has highlighted how 'bad payment practices' have led to the 'failure' of many small and medium-sized enterprises (SMEs).

06 Dec 2018

UK businesses urged to prepare now for potential 'no deal' Brexit

HMRC has written to 145,000 UK businesses to urge them to begin preparing now for a potential 'no deal' Brexit scenario.

05 Dec 2018

Report suggests HMRC 'treating taxpayers unfairly'

A report published by the Economic Affairs Committee has suggested that HMRC is 'treating taxpayers unfairly', and has called for the Revenue's tax avoidance and evasion powers to be reviewed.

04 Dec 2018

ICAEW urges employers to consider the tax implications of a seasonal party

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged employers to consider the tax implications associated with a seasonal party.

03 Dec 2018

Prime Minister backs 'Pensions Dashboards' initiative

Prime Minister Theresa May has outlined her commitment to the launch of the so-called 'Pensions Dashboards' initiative.

30 Nov 2018

'Improve employees' digital skills via apprenticeships', organisation urges employers

Research carried out by not-for-profit organisation The 5% Club has suggested that apprenticeships or training schemes could help to improve employees' digital skills.

29 Nov 2018

HMRC writes to taxpayers ahead of introduction of Welsh rates of income tax

HMRC has started to write to taxpayers ahead of the introduction of the Welsh rates of income tax (WRIT) on 6 April 2019.

28 Nov 2018

Late payments and restricted access to finance 'impacting firms' ability to grow'

A survey carried out by data provider Dun & Bradstreet has suggested that small firms' plans for growth are being adversely affected by late payments and restricted access to finance.

27 Nov 2018

Brexit deal 'will cost UK £100 billion per year' by 2030, study suggests

A study carried out by economic think tank the National Institute for Economic and Social Research (NIESR) has suggested that the government's Brexit deal will cost the UK £100 billion per year by 2030.

26 Nov 2018

OTS calls for overhaul of inheritance tax regime

The Office of Tax Simplification (OTS) has urged HMRC to overhaul the UK's inheritance tax (IHT) regime

23 Nov 2018

Committee warns small firms 'could pay heavy price' for MTD for VAT

The Economic Affairs Committee has warned HMRC that UK small businesses 'could pay a heavy price' for Making Tax Digital for VAT (MTD for VAT).

22 Nov 2018

First-time homebuyers 'saved £426 million' as result of changes to stamp duty

Data published by HMRC has revealed that first-time homebuyers have collectively 'saved £426 million' as a result of changes to Stamp Duty Land Tax (SDLT).

21 Nov 2018

Statistics reveal 'sugar tax' has generated £153 million for HMRC

Data has revealed that the Soft Drinks Industry Levy generated £153.8 million for HMRC in the year-to-date, up to the end of October.

20 Nov 2018

Older employees 'would welcome flexible working', survey suggests

A survey carried out on behalf of the Department for Business, Energy and Industrial Strategy (BEIS) has found that the majority of workers aged over 50 would 'welcome more flexibility' in the workplace.

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