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Business News Archive

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Business News

July 2019

Public borrowing 'could double in 2020 as result of no-deal Brexit', OBR cautions
Fraud 'costing UK businesses £130 billion each year', report suggests
Wage growth 'accelerates to highest rate since financial crisis'
HMRC urges firms to register for MTD for VAT before August
Research suggests women 'save just a third of amount men do' for retirement
Government publishes Finance Bill 2019-20 draft legislation
OTS outlines alterations to IHT system
UK corruption risks are 'significantly underestimated', Fraud Advisory Panel cautions
Brexit uncertainty 'crippling UK business investment', warns CBI
FSB states small businesses 'incurring mammoth costs' as result of business crime
TPR issues pension scheme warning to savers
Many working parents eligible for tax-free childcare this summer
Economic growth 'stalling', BCC warns
Survey finds business leaders 'committed to tackling climate change'
MPs condemn HMRC for long helpline wait times

June 2019

UK tax gap 'remains low'
Significant number of small firms experienced a cyber-attack in last year, data reveals
Typical UK SME 'worth £2.9 million', according to research
Research suggests small businesses 'unaware of AIA'
TUC calls for mandatory reporting of disability pay gaps
Many businesses 'including climate-related information in financial disclosures'
Government suspends scheme for naming employers who fail to pay NMW
Significant rise in number of data breach notifications since introduction of GDPR
HMRC repays tax penalties worth £1.8 million to nearly 5,000 parents
Rise in rental costs 'deterring young people from moving around country for jobs'
ICAEW responds to government 'off-payroll working rules' consultation
Government tax investigations 'taking three years to complete', data suggests
Business groups outline principles for UK trade policy
Government Equalities Office 'considering gender pay gap reporting for small firms'
Significant number of individuals 'choosing to live cashless life', research suggests
DIT launches online tool for international investors
HMRC launches consultation on the operation of Insurance Premium Tax
OECD outlines timetable for reaching agreement on digital taxation of multinationals
HMRC introduces new system to tackle scam phone calls
FSB urges government to 'push through late payments reform package'

May 2019

UK 'can afford higher minimum wage', states Resolution Foundation
Research suggests data protection fines have 'risen by 14% in a year'
Investment Association calls for 'greater transparency' on dividends
Banking code offering 'increased protection from criminals' takes effect
Millennials living in 'relative poverty', according to think tank
MPs urge government to make 'radical improvements' to apprenticeship programme
Research suggests many individuals 'unaware of IHT rules' when gifting money
OTS calls for review of PAYE system
ATT suggests couples 'could be affected' by increase in stamp duty for non-residents
CBI calls for UK firms to 'improve people management practices'
Welsh taxpayers urged to check payslips following income tax code mix-up
Government launches consultation on Companies House reforms
Cuts to grants 'affecting sales of electric cars in the UK'
Research suggests UK workers 'unaware of entitlement to paid travel time'
FSB urges government to create 'small business plan for Europe'
UK workers 'fear requesting a pay rise', research suggests
Stockpiling by SME manufacturers 'reached record high' last quarter, research finds
CIOT warns Digital Services Tax 'not a cure for struggling high streets'
Bank of England upgrades UK growth forecast
'Record number' of UK workers being underpaid, Commission suggests
AAT urges government to 'fix broken business rates system'

April 2019

Review to outline future of 1p and 2p coins
Government pledges additional £200 million in funding for UK firms
Research suggests 'less than a quarter' of UK SMEs plan to expand overseas
Scottish government announces further delay to Air Departure Tax plans
HMRC warns young people to 'stay vigilant' as number of tax scams rises
Business believes UK tax system is 'fundamentally unfair', research suggests
UK SMEs 'exploring new sources of finance', research finds
Study suggests UK employees 'work longest hours in EU'
Survey reveals businesses 'investing significantly in tax technology'
Experts urge government to simplify Apprenticeship Levy
IFS states high earners 'increasingly hit by lack of indexation'
Business groups react to 'flexible extension' of Article 50
IMF downgrades global growth forecast
TUC states shared parental leave scheme needs 'overhauling'
Government commits to implementation of pensions dashboard initiative
Business leaders urged to 'do more' to help prevent cyber-attacks
Older workers 'may be paying unnecessary tax on State Pension', research suggests
Survey suggests indicators of UK economic health have 'weakened'
MTD for VAT takes effect for over one million businesses
Survey finds awareness of gender pay gap reporting requirements is 'low'

March 2019

ATT warns of tax changes for non-residential UK property owners
Government delays probate fees rise
ONS warns automation could 'replace 1.5 million jobs'
HMRC urges firms to sign up for MTD for VAT
Data reveals significant rise in number of contactless payments
Data reveals 84,000 people fell victim to bank payment scams in 2018
HMRC warns businesses MTD registration 'takes seven days'
Government publishes additional Brexit advisory documents
MPs urge government to implement tax on social media firms
NEF calls for personal allowance to be replaced with 'weekly national allowance'
IFS states UK 'urgently' needs an 'effective' Spending Review
View our 2019 Spring Statement summary
2019 Spring Statement - Chancellor provides update on plans to tackle late payments
Chancellor delivers Spring Statement amid 'cloud of uncertainty'
2019 Spring Statement - the political reaction
2019 Spring Statement - the business reaction
2019 Spring Statement - the economic picture
2019 Spring Statement - what to expect
Report suggests millions of people 'would struggle in a cashless society'
Putting MTD software into place 'will cost firms an average of £564', FSB finds
HMRC publishes guidance on accounting for VAT in event of a 'no deal' Brexit
FSB advises Chancellor to use Spring Statement to 'help small businesses'
CIOT urges government to ensure Digital Services Tax is a 'temporary fix'
HMRC warns households of rise in landline tax scams
HMRC urges 1.17 million businesses to sign up to MTD for VAT
Data reveals 500,000 homebuyers have 'benefitted from Help to Buy schemes'

February 2019

Government publishes 'no deal' Brexit impact assessment
OTS publishes review into impact of technology on taxation
Government launches consultation on 'plastic packaging tax'
£3 billion in Apprenticeship Levy funding 'remains untouched', data reveals
Small businesses 'worrying about access to finance after Brexit', according to report
Survey suggests eight in ten businesses 'aware of MTD for VAT'
MPs call for introduction of new levy on clothing retailers
Data reveals parents 'failing to make use of Tax-Free Childcare'
Government publishes advice on minimising gender pay gap
HMRC reveals 700,000 couples are 'missing out' on Marriage Allowance
BCC publishes list of 20 'unanswered' 'no deal' Brexit questions
Chancellor will be required to spend 'billions' to end austerity, says IFS
Rise in probate fees to take effect despite opposition
CIOT urges government to simplify Structures and Buildings Allowance
Study suggests UK workers 'have already lost a week's wages' to Brexit
HMRC figures reveal an increase in first-time buyer relief claims
ICAEW suggests confidence amongst businesses has 'slumped'
Almost a third of UK businesses 'looking to relocate abroad due to Brexit'
Treasury Committee launches business rates inquiry
CBI outlines next stage of apprenticeship reform

January 2019

UK small firms spending 'significant amount' on tax and employment obligations
Chancellor announces Spring Statement date
Taxpayers urge HMRC to delete biometric data
IMF warns 'no deal' Brexit could 'damage global economy'
HMRC urges 3.5 million taxpayers to submit their tax return before deadline
Businesses to begin disclosing climate change risks in annual reports
HMRC confirms Brexit will not affect roll-out of MTD for VAT
Insolvency Service urges savers to 'protect pension pots from investment scammers'
Small business confidence 'falls to lowest level since 2011'
Rising cost of living 'causing financial concern' for young people, research finds
Government launches new taskforce to combat economic crime
Business groups respond to outcome of vote on Brexit deal
Data reveals slow growth in UK economy
SMEs 'waiting 43 days to be paid by government contractors', research suggests
HMRC extends MTD for VAT pilot scheme to all eligible firms
Ban on pensions cold-calling takes effect
Many firms 'actively tackling' gender pay gap, survey suggests
TUC report reveals household debt has 'hit new peak'
Experts call for introduction of 'pudding tax' to combat sugar consumption
Data reveals significant number of taxpayers filed tax returns over festive period
New energy price cap comes into effect
Small business group calls for focus on 'domestic agenda' in New Year message

December 2018

Your financial New Year's resolutions
Don't forget to file your self assessment tax return
Preparing your business for winter weather
Research suggests many UK small business owners 'will work on Christmas Day'
UK 'not where it should be' in regard to Brexit, leading business groups warn
LITRG urges HMRC to publish MTD for VAT exemption guidance
Productivity amongst small businesses 'held back by poor broadband'
ICAEW warns 'no deal' Brexit will 'slam brakes on UK growth'
Government introduces new legislation designed to 'upgrade workers' rights'
UK SMEs 'unmindful of risks posed by cyber-attacks', poll suggests
Finance Secretary for Scotland outlines tax plans in Scottish Budget
Redesign tax system to help 'fight against climate change', says ACCA
Business groups react to Brexit deal vote delay
Confidence amongst small businesses 'falls to seven-year low'
'Bad payment practices lead to SME failures', report suggests
UK businesses urged to prepare now for potential 'no deal' Brexit
Report suggests HMRC 'treating taxpayers unfairly'
ICAEW urges employers to consider the tax implications of a seasonal party
Prime Minister backs 'Pensions Dashboards' initiative

November 2018

'Improve employees' digital skills via apprenticeships', organisation urges employers
HMRC writes to taxpayers ahead of introduction of Welsh rates of income tax
Late payments and restricted access to finance 'impacting firms' ability to grow'
Brexit deal 'will cost UK £100 billion per year' by 2030, study suggests
OTS calls for overhaul of inheritance tax regime
Committee warns small firms 'could pay heavy price' for MTD for VAT
First-time homebuyers 'saved £426 million' as result of changes to stamp duty
Statistics reveal 'sugar tax' has generated £153 million for HMRC
Older employees 'would welcome flexible working', survey suggests
Official data reveals wages have risen 'at fastest pace in a decade'
Self-employed individuals 'would back plans to expand pensions auto-enrolment'
Business groups react to draft Brexit deal
Government urges small businesses to utilise broadband vouchers
Committee launches inquiry into banks' treatment of vulnerable customers
Restricted access to finance 'holding back UK economy', FSB warns
HMRC sends MTD for VAT communications to affected businesses
Prime Minister establishes five 'Brexit business councils'
Government unveils changes to probate fees
HMRC delays reform of late payment penalty regime
ONS data reveals gender pay gap has fallen to its 'lowest level yet'
PAC warns 'cracks showing' in HMRC's performance ahead of Brexit
UK late payment culture 'showing signs of improvement', research reveals

October 2018

Chancellor 'gambled with public finances' in Budget, states IFS
2018 Autumn Budget: Chancellor unveils Digital Services Tax
View our 2018 Autumn Budget Report
Hammond delivers pre-Brexit Budget
2018 Autumn Budget - the political reaction
2018 Autumn Budget - the business reaction
2018 Autumn Budget - the economic picture
2018 Autumn Budget - what to expect
Ending austerity 'will cost government £31 billion', according to think tank
HMRC urges taxpayers to complete self-assessment tax returns early
FCA grants more SMEs access to Financial Ombudsman Service
Businesses 'frustrated by lack of progress in Brexit talks'
FSB urges Chancellor to use Budget to 'reduce cost burdens for small businesses'
Brexit uncertainty 'affecting international trade'
HMRC launches second MTD for VAT pilot
Bank of England outlines plans for new £50 note
ABI urges Chancellor to avoid increasing IPT in Budget
Government publishes further 'no deal' Brexit documents
Business group proposes overhaul of tax regime for financial services sector
OTS launches consultation on impact of taxation on UK firms
CBI publishes wishlist for 2018 Autumn Budget
BCC suggests UK economic growth is 'flatlining'
Government announces stamp duty surcharge for overseas buyers of UK property
Welsh government publishes Draft Budget for 2019-20
Prime Minister announces fuel duty freeze
Employer Supported Childcare scheme set to close to new entrants
Business rates 'could be changed' to help high street retailers
One in ten firms 'could become bankrupt' as result of customs delays after Brexit

September 2018

Research reveals £500 million stolen via fraud in first half of 2018
Chancellor announces Autumn Budget date
FSB calls on European Commission to 'end late payments culture'
Additional 'no deal' Brexit documents published by government
New report suggests two-thirds of SMEs 'preparing growth plans'
Treasury Select Committee calls for 'greater regulation' of cryptocurrencies
Inflation rate rises to six-month high
Significant number of UK firms 'unaware of Making Tax Digital for VAT'
BCC downgrades UK growth forecasts as result of Brexit uncertainty
New technology 'could pave way for better working conditions', states TUC
Government publishes the next set of 'no deal' Brexit documents
Government launches new Help to Save scheme
Small business group unveils plans for 'fairer energy market'
New laws aim to help small businesses to secure funding
Government launches new trade taskforce
Government scraps national insurance tax cut for the self-employed
IPPR calls for 'fundamental reform' of UK economy
AAT outlines proposals to 'protect taxpayers from tax rises'
Report reveals childcare fees have 'risen faster than wages'
Significant rise in number of data breach complaints as result of GDPR

August 2018

Time spent commuting 'should count as part of working day'
Think tank urges government to abolish Entrepreneurs' Relief
Official data suggests SMEs 'reaping the benefits' of government's digital spending
HMRC increases late tax payment rate
Government publishes 'no deal' Brexit advisory documents
Significant number of businesses 'unsure about GDPR compliance'
Small businesses 'planning for range of Brexit outcomes', research suggests
Treasury outlines proposals for 'tax on plastic waste'
£2 million lost to cryptocurrency fraud over last two months, data reveals
New regulation requires banks to disclose customer satisfaction scores
SMEs 'confident in regard to growth prospects', survey finds
Research finds over £2 billion stolen via credit card fraud in last year
Almost two-thirds of over-50s will 'retire later than expected', survey suggests
Official figures reveal boost in UK economic growth
CIOT welcomes MTD for VAT 'soft landing' concession for taxpayers
Survey suggests mental health becoming 'less taboo' in UK workplaces
HMRC urges taxpayers to declare offshore assets
Extend gender pay gap reporting to include small firms, urges Committee
IoD states UK businesses 'left in the dark' in regard to Brexit plans
Business groups respond to interest rates rise
Official data reveals 'record amount' of inheritance tax collected by HMRC
Brexit will 'hurt UK and EU member state economies', warns IMF

July 2018

New review to consider the impact of ‘cashless technology’
'One in twelve workers' not taking full holiday entitlement
Treasury Committee calls for reformation of tax relief on pensions
BCC urges HMRC to 'cut the complexity' associated with tax administration
Keep workplaces cool during heatwave, TUC urges employers
HMRC launches new consultation on pensions cold calling ban
Investment in innovation needed to 'help boost SME productivity', states FSB
'Record amount' of tax collected by HMRC
OBR warns tax rises will be required to fund health service spending
Business confidence 'reaches two-year high', research suggests
FRC publishes new Corporate Governance Code
Government urged to 'pick up the pace' in regard to Apprenticeship Levy reform
Business groups respond to publication of Brexit White Paper
UK pensioners 'pay an average annual tax bill of £3,500', research reveals
Committee raises concerns over impact of business rates on UK firms
HMRC tax investigations into SMEs are 'too intensive'
Government publishes Finance Bill 2018-19 draft legislation
New fund launched to 'increase productivity' amongst SMEs
UK businesses must prepare for 'no deal' Brexit, warns ICAEW
Couples urged to claim free tax break
HMRC 'saves consumers more than £2.4 million' in its fight against cybercrime
Confidence amongst the self-employed has 'fallen significantly', FSB finds

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