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Business News Archive

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Business News

April 2019

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

June 2018

Think tank calls for major reform of buy-to-let market
FSB urges government to improve supply chain procedures
Business groups call for 'urgent progress' in Brexit negotiations
Almost half of SMEs 'unaware of Making Tax Digital'
UK entrepreneurs call on government to 'provide more support'
BCC states UK economy 'set for worst growth since 2009'
SMEs urge government to simplify UK business rates system
Business leaders call on Chancellor to review UK tax system
Report suggests payments by card are 'now more popular than using cash'
UK tax gap 'falls to £33bn'
Government to require businesses to justify executives' salaries
Inheritance tax 'unnecessarily complicated', states AAT
UK small firms 'unprepared for business interruption', FSB warns
GDPR fines 'could increase cybercrime ransom demands'
Study suggests many individuals 'plan to work past retirement age'
Artificial intelligence 'will be critical to firms' survival', survey suggests
Business group urges government to increase VAT registration threshold
Business group calls on large firms to 'lead the way' in tackling late payment
Rising fuel prices adversely affecting UK businesses, industry warns
Significant number of UK firms affected by cyber-attacks and breaches, survey finds
Self-employed individuals 'unfazed by Brexit', study suggests

May 2018

OTS publishes review into the taxation of savings income
Government outlines proposals to fine company directors for unsolicited calls
Think tank suggests UK taxpayers are giving 'majority of their income' to the Treasury
Bank of England Governor states Brexit has 'cost UK households £900'
IFS warns tax rises will be needed in order to sustain health service
UK firms give broadly positive feedback on HMRC customer service
Broadband speeds for UK households and small businesses are '51% slower than advertised'
Significant number of UK employees worked from home in 2017, TUC reveals
HMRC adds two new software providers to Making Tax Digital pilot
UK workers will require pension pot of 'at least' £260,000, says study
UK set to experience 'strong growth in demand for labour' in second quarter of 2018
Survey suggests millennials feel 'under most pressure' at work
Business group brands UK wage squeeze 'worst in modern history'
Many individuals believe self-employment has 'improved quality of life', survey finds
HMRC issues warning over tax refund scams
Car insurance costs proving a 'significant burden' for young drivers
New digital pension schemes service is delayed
Brexit causes HMRC to delay Making Tax Digital for individuals
Think tank proposes replacing inheritance tax with 'Lifetime Receipts Tax'
Late payments 'remain a real problem' for SMEs, research finds
'Avalanche of cuts' affecting UK economy, says TUC

April 2018

UK businesses 'targeting international trade' as part of growth plans, survey suggests
Abolition of stamp duty for first-time homebuyers 'benefits 69,000 households'
'Time running out' for SMEs to prepare for introduction of GDPR, says FSB
Report finds identity fraud 'on the rise' in the UK
Cost of Brexit 'divorce bill' still unclear, says NAO
Men ‘getting better state pension deal’ than women, research suggests
Many businesses 'not seeing improvements in UK mobile network', states BCC
Think tank proposes creation of a 'wealth fund' to address wealth inequality
Wage growth rate overtakes inflation for 'first time in a year', official figures reveal
OTS calls for 'urgent review' into how UK tax system affects businesses
Growth in UK economy slow 'despite export boost'
Confidence in UK economy has 'returned to positive figures', IoD finds
CBI warns of cost rises if UK strays from EU regulations
Proposals for making UK 'best place in world to do business' outlined by taskforce
Changes to termination payments could increase employer tax liability
Business groups call for 'urgent reform' of Apprenticeship Levy
New business and tax measures take effect
Government publishes 'sugar tax' guidance ahead of its introduction on 6 April
Businesses urged to publish gender pay gap figures as deadline approaches
BCC survey suggests UK infrastructure 'less reliable' than five years ago

23 Apr 2019

Business believes UK tax system is 'fundamentally unfair', research suggests

According to research published by the British Chambers of Commerce (BCC), businesses believe that the UK tax system is 'fundamentally unfair'.

18 Apr 2019

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.

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