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Latest News for Business (Archive)
September 2024
HMRC failing on responsiveness, says Charter report
HMRC sends 'nudge letters' to crypto investors
HMRC late payment interest cut
Scrap fuel duty cut, says RAC
Freelancers want to see fairer, simpler tax system from Autumn Budget
UK has record number of self-employed workers aged 60 or over
Advisory fuel rates for company cars
Latest guidance for employers
August 2024
Chancellor takes difficult decisions as Budget date set
King's Speech pledges to secure economic growth
HMRC launches VAT Registration Estimator
UK announces National Wealth Fund
British Business Bank launches Growth Guarantee Scheme
HMRC to send Simple Assessment tax statements to pensioners
UK's economic recovery putting down roots
Latest guidance for employers
July 2024
Business ready to work in partnership with Labour government
Tax gap at record high
HMRC has not fined a single enabler of offshore tax evasion
UK economy grew by more than previously estimated during first quarter
Average earnings just £16 a week higher than 2010
EU trade deal not working for UK business, warns BCC
UK's investment rates worse than every other G7 country
Savers dangerously underestimating minimum cost of retirement
June 2024
Next government will need to build trust between HMRC and self-employed
Revitalise 'Brand Britain', says CBI
HMRC error means self-employed workers could lose out on state pension
Taxpayers spend total of 800 years waiting to speak to HMRC
Retirees report £119,000 shortfall in pension savings
300,000 file tax returns in the first week of the tax year
Inflation falls after UK moves out of recession
Advisory fuel rates for company cars
May 2024
MTD for Income Tax pilot now live
IR35 reforms taking their toll on skilled contractors
Government urged to implement reforms to R&D tax system
HMRC clarifies tax rules for WFH commuting
HMRC launches online voluntary NICs payment service
UK borrowing reduces Chancellor's wiggle room
More than seven million adults still struggling to pay bills, finds FCA
Latest guidance for employers
April 2024
Relief at HMRC's reversal of helpline closures
Jeremy Hunt cuts NICs again in the Spring Budget
Business groups say challenges remain despite encouraging Budget
New HMRC R&D tax relief guidance 'could be clearer', says ICAEW
Bank holds interest rates as inflation and economy show improvement
HMRC's services having a negative impact on SME productivity
New measures aim to 'break the spell' of fraudsters
The National Minimum Wage is the single most successful economic policy in a generation, says think tank
March 2024
HMRC publishes guidance on MTD for ITSA for sole traders and landlords
Over one million miss self assessment deadline
HMRC warns self assessment taxpayers as scam referrals rise
Double-cab pickups go back to being vans as guidance reversed
Pensions income needed to retire rises
More than 500 firms named and shamed for underpaying staff
Latest guidance for employers
Advisory fuel rates for company cars
February 2024
Government borrowing falls as Chancellor hints at tax cuts in Spring Budget
Tax cuts may have to be scrapped due to 'economic bind', warns IFS
HMRC sends warning to cryptoasset users
Raise VAT threshold to £100,000, says FSB
Clarity on new border checks is vital, says BCC
Artificial Intelligence will affect jobs and worsen inequality, says IMF
Over 50s bucking decline in freelance numbers
Only a third of UK adults confident with self assessment
January 2024
Spring Budget 2024 date confirmed for 6 March
UK at risk of recession after economy shrinks
HMRC updates off payroll compliance guidance
Countdown for 5.7 million to file their 2022/23 self assessment tax return
Red tape, rising costs and regulation 'holding back exports'
Businesses say hybrid working is here to stay
Latest guidance for employers
December 2023
Chancellor makes Full Expensing permanent in Autumn Statement
National Insurance changes 'ease burden on strivers'
Autumn Statement cuts won't stop tax revenues rising to highest ever levels
HMRC is 'Making Tax Difficult' with MTD programme
Government agrees to crack down on crypto tax evasion
Real Living Wage to increase by 10%
Rate of inflation falls as interest rates held
Advisory fuel rates for company cars
November 2023
Chancellor must use Autumn Statement to cement commitment to small firms
Inflation rate holds steady as UK economy grows
UK set for biggest tax rise in at least 50 years
Scams warning issued to 12 million self assessment taxpayers
Online platforms should sign up to Prompt Payment Code
Hybrid and remote working here to stay
Many firms still facing recruitment problems
Latest guidance for employers
October 2023
Firms looking to Autumn Statement for help with rising operating costs
Interest rates held as inflation falls
National Living Wage to rise from April 2024
SMEs 'struggling to access finance'
Government slow to recover over £1 billion Covid grant fraud
HMRC urges nearly 430,000 young people to claim Child Trust Fund cash
Less than 1% of small firms receiving net zero help
Number of cash transactions rises for first time in a decade
September 2023
Inflation falls
UK set for five years of lost economic growth, warns think tank
Over a third of households across England will pay higher energy bills this winter
HMRC should increase rewards for whistleblowers, says law firm
Another million savers to be hit with tax on interest
Government launches Business Climate Hub
Latest guidance for employers
Advisory fuel rates for company cars
August 2023
UK inflation falls as economy shrinks in May
Bank of England raises UK interest rates
HMRC increases late payment interest rate
CMA scheme will force retailers to publish live fuel prices
Almost a million Child Trust Funds still unclaimed
South Yorkshire named as first UK Investment Zone
Tax down on pints but up on wines and spirits in Alcohol Duty overhaul
HMRC gives £1.8 million a year to charities to help excluded taxpayers
July 2023
HMRC extends deadline for voluntary NICs
HMRC closes self assessment helpline for three months
MTD expected to cost £1 billion more than originally forecast
UK inflation stays at 8.7%
Bank of England raises UK base interest rate
More than 200 companies named and shamed for minimum wage breaches
Post-Brexit trade plan must be replaced, says think tank
Industrial strategy required to 'focus on innovation', says IoD
June 2023
UK rate of inflation fell sharply in April
Don't miss out on a tax refund for work expenses, HMRC urges
Number of early self assessment filers doubles in five years
HMRC increases late payment interest rate
'Fresh thinking' needed in regard to MTD for ITSA
One in five workers will be higher rate taxpayers by 2027, says IFS
Energy suppliers urged to renegotiate fixed contracts for small businesses
Advisory fuel rates for company cars
May 2023
Online VAT filing portal to close in May
UK inflation falls to 10.1% in March
Tax threshold freeze trebles to £25 billion
PAC criticises government for billions lost to error and fraud
No sign of hiring difficulties easing, says BCC
£177.6 million lost to impersonation scams in 2022
Workers must be protected from decisions made by AI, TUC says
Latest guidance for employers
April 2023
Capital allowances reformed in 'Budget for growth'
Business groups welcome Spring Budget
HMRC issues guidance on abolition of pensions lifetime allowance
Bank of England raises UK interest rates
HMRC late payment interest rate
Taxpayers given more time for voluntary national insurance contributions
Two freeports confirmed for Wales
Small businesses at risk as energy costs rise
March 2023
HMRC sounds warning on new VAT penalties
Spring Budget must ease cost pressures on businesses, says BCC
Inflation remains close to 40-year high
UK economy narrowly avoided recession last year
Record 11.7 million tax returns received on time
'Digital pound' likely to launch this decade, says Treasury
HMRC urges eligible couples to claim Marriage Allowance
Advisory fuel rates for company cars
February 2023
Energy bill support for firms to be reduced from April
Bank of England raises interest rates to highest level in 14 years
Government launches consultation on R&D relief
Fewer firms investing in training despite skills shortage
UK business confidence plummets to 13 year low
Small firms 'facing challenges when applying for financing'
BCC warns SME exporters 'under tightening pressure'
Pensioners outnumber young people for filing self assessment tax returns
January 2023
MTD for ITSA delayed for two more years
Tax non-compliance during pandemic
Government extends mortgage guarantee scheme
Chancellor announces Spring Budget date
Bank of England raises base rate
Brexit deal not delivering for businesses
Plymouth and South Devon freeport gets go ahead
Chancellor launches financial sector reforms
December 2022
Tax burden rises following Autumn Statement
CBI praises Chancellor for 'delivering stability' in Autumn Statement
IFS warns of fall in household incomes
OECD warns UK on course for biggest economic downturn
Auto-enrolment has helped workers save £114 billion into pensions
UK businesses anticipate growth in exports
Digital Services Tax has raised £358 million
Advisory fuel rates for company cars
November 2022
Government pushes back economic statement
New PM must restore confidence, say business groups
Inflation returns to 40-year high
FCA warns that eight million are struggling to keep up with bills
IoD survey finds UK businesses anticipate growth in exports
Self assessment clock ticks down to under 100 days
Latest guidance for employers
British Business Bank lending now exceeds £12 billion
October 2022
Government abandons plan to scrap 45p top rate of income tax
Chancellor outlines growth measures at Mini Budget
IMF criticises government over tax plans
Government caps business energy bills
VAT businesses must be ready for Making Tax Digital filing by November
SMEs facing recruitment struggles
HMRC raises late payment interest from 11 October
Action Fraud warns scammers are exploiting cost-of-living crisis
September 2022
HMRC releases more details MTD for Income Tax
Ofgem raises energy price cap
Treasury Committee warns government against 'flying blind' with Emergency Budget
Experts warn inflation could keep rising in 2023
Energy firms call for windfall tax to be scrapped by 2025
TUC urges government to raise NMW
Report finds decline in the use of cash is easing
Advisory fuel rates for company cars
August 2022
Recovery Loan Scheme to be relaunched
National insurance threshold rises
IMF warns UK is set for slowest rate of growth of G7 countries
Reform required to combat staff shortages, says BCC
IoD calls for extension of capital allowances super-deduction
Insurer warns of rise in fraudulent claims amid cost-of-living crisis
New finance legislation aims to unlock investments
Pandemic-born businesses could add £20.4 billion to UK economy
July 2022
MTD for income tax pilot extended
HMRC criticised over IR35 implementation
Inflation hits 40-year high
Bank of England raises UK interest rates to 13-year high
NICs increase has immediate impact on businesses
Manufacturers call for support package
Latest guidance for employers
New homeowners warned over tax refund claims
June 2022
Chancellor announces windfall tax on energy firms
Energy price cap set to rise to £2,800 in October
Inflation hits 40-year high
Almost 66,500 filed self assessment returns on 6 April
New law to protect access to cash announced in Queen's Speech
HMRC issues £14 million in penalties for minimum wage offences
Advisory fuel rates for company cars
Number of firms in critical financial distress rises sharply
May 2022
HMRC starts chasing up SEISS overpayments
UK government unveils energy strategy
Treasury announces it will regulate some forms of cryptocurrency
HMRC names avoidance scheme promoters for first time
New HMRC one-stop online shop provides taxpayers with tax relief information
Export growth is 'stagnant', BCC finds
Latest guidance for employers
Government inaction on long COVID could cost billions
April 2022
Chancellor cuts fuel duty in Spring Statement
Business groups give mixed response to Spring Statement
OBR updates economic picture
MTD for VAT brings in up to an extra £195 million in tax
Bank of England raises interest rates for third time in a row
UK economic growth to halve this year, warns BCC
Student loan repayments for new borrowers to start at £25,000
CMA frees leaseholders from rising ground rents
March 2022
Spring Statement 2022
Spring Statement is the time to act, says CBI
Coronavirus SSP Rebate Scheme set to close on 17 March
Businesses urged to apply for remaining COVID-19 support grants
Two freeports planned for Scotland
HMRC raises late payment interest rate
MPs call for road pricing to replace motoring taxes
Over a million take advantage of extra time to file self assessment returns
Advisory fuel rates for company cars
February 2022
COVID-19 support grants paid to companies must be included on company tax returns
Government scheme gives discounts of up to £5,000 on accounting software
Claims portal reopens for Statutory Sick Pay Rebate Scheme
Consumer group urges taxpayers to avoid using refund firms to claim tax rebates
National insurance rise 'set to squeeze budgets', warns CBI
No 'convincing case' for digital UK currency, says House of Lords committee
Scam HMRC call reports drop by 97%
BCC calls for 'urgent action' to improve UK-EU trade
January 2022
Chancellor announces £1 billion fund for businesses
Self assessment taxpayers must declare COVID grants on tax returns
HMRC waives self assessment penalties for one month to ease COVID-19 pressures
Scottish Budget 2022
Welsh government delivers Budget
FCA to introduce new consumer duty
HMRC latest guidance for employers
Over 440,000 small firms at risk due to late payment crisis
December 2021
HMRC's tax take falls by billions due to pandemic
Government sets out tax details on TAM Day
Three-day wait for Statutory Sick Pay to return next year
HMRC issues warning on self assessment scams
New law introduced to help protect pension savers from scammers
Services sector continues to recover despite rising costs
Advisory fuel rates for company cars
Costs 'weighing on businesses' sustainability intentions', FSB finds
November 2021
Chancellor delivers Budget to lay foundation for a strong economy
Business groups give mixed response to Budget
IFS predicts millions to be worse off next year due to tax rises
Payment period on residential CGT is doubled
FSB warns tax rises threaten recovery from pandemic
Applications now open for freeports
Pensions experts say a minimum of £10,900 a year needed to retire
Heat pump grants worth £5,000 will help replace gas boilers
October 2021
Making Tax Digital for Income Tax Self Assessment delayed for a year
National Insurance and dividend tax rises announced for social care reform
Chancellor to deliver Autumn 2021 Budget on 27 October
Chancellor warned of redundancies as furlough scheme ends
COVID-19 sick pay rebate scheme closed in September
£800 million Reinsurance Scheme opens for live events
Government announces plans to make requesting flexible working a day one right
British Business Bank provided £80.5 billion of COVID-19 support
September 2021
HMRC outlines changes to late payment penalty regime
Digital marketplaces to report sellers' incomes from 2023
CIOT warns over stamp duty refund claims
Contactless limit to increase to £100
HMRC urges taxpayers to stay alert to digital scams
BCC calls for government to extend skills training
Advisory fuel rates for company cars
Employers 'named and shamed' for paying less than minimum wage
August 2021
Consultation launched on self-employed basis period reform
The government has published draft Finance Bill clauses
Claiming the fifth self-employed Income Support Scheme (SEISS) grant
ICAEW urges HMRC to scrap exemptions to simplify VAT rules
HMRC updates Salary Sacrifice guidance
Data reveals 1.9 million workers remain on furlough
Pension scams average losses now over £50,000
Increase in public trust in charities
July 2021
Furlough scheme starts to wind down
Apprenticeship cash boost
Property tax changes
HMRC launches 13,000 investigations into COVID-19 support schemes
Schemes create one stop shop for VAT on EU trade
Over 280,000 families now using Tax-Free Childcare
440,000 tax credit claimants still to renew their claims
800,000 claim tax relief for working from home
June 2021
Fifth SEISS grant will be open to claims from late July
HMRC's VAT Deferral New Payment Scheme to close this month
NIC reliefs set for Freeports
Government confirms start date for Plastic Packaging Tax
Effectiveness of OTS set to be reviewed by Treasury
Trade credit insurance scheme to close
Advisory fuel rates for company cars
Forms P11D - reporting employee benefits
May 2021
Fourth self-employed grant now open for online applications
Recovery Loan Scheme opens to businesses
Recent changes to IR35 'undermine the self-employed' says IPSE
CBI calls for extension of Kickstart Scheme as jobs market remains subdued
New 95% mortgage scheme launched
New claims required for home working tax relief
HMRC sets out penalty regime for SEISS abuse
Pension fraud increased to £1.8 million in first quarter of 2021
April 2021
Business rates relief extended with £1.5 billion fund
Consultations launched on UK's first Tax Day
Government publishes details of Finance Bill 2021
£20 million SME Brexit Support Fund opens for applications
HMRC publishes details of final grants for self-employed
National Minimum and Living wages increases
UK cuts electric vehicle grants by £500
ICAEW urges HMRC to rethink quarterly reports under MTD for corporation tax
March 2021
Sunak set out Budget to protect businesses
Business groups welcome Budget
Late payment penalties for Self Assessment waived until 1 April
Online service opens for VAT deferral scheme
HMRC clarifies off-payroll rules
Domestic VAT reverse charge comes into effect on 1 March
Borrowers of Bounce Back loans given six more months for repayments
Advisory fuel rates for company cars
Spring Budget 2021
February 2021
10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns
Rogue employers named and shamed for failing to pay employees the minimum wage
Scottish Budget Income Tax
Scottish Land and Buildings Transaction Tax
Bonus of £1,000 to help businesses take on trainees
LITRG calls for a rise in the High Income Child Benefit Charge threshold
Government urged by CBI to act on COVID business support ahead of Budget
Supreme Court backs small firms on business interruption claims
January 2021
Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget
Chancellor announces £4.6 billion lockdown grant package
Extension of the Job Retention Scheme
VAT deferral
New action to disrupt promoters of tax avoidance schemes
Self assessment deadline approaching
Institute of Directors warns Capital Gains Tax rise would adversely affect entrepreneurs
Individuals urged to remain vigilant when making festive charitable donations
Self-Employment Income Support Scheme
December 2020
Get prepared for the end of the Brexit transitional period
Virtual Christmas parties will qualify for tax exemption
Gifts to employees can be tax-free
Minimum Wage Increases from April 2021
Advisory fuel rates for company cars
Self assessment taxpayers warned to watch out for scammers posing as HMRC
HMRC confirms MTD for corporation tax to be mandated from 2026
£1 million Annual Investment Allowance cap extended
November 2020
Furlough scheme extended
Increased support made available for the self employed
Chancellor approves grants for businesses closed by lockdown
Self assessment customers to benefit from enhanced payment plans
Taxpayers claim tax relief for working from home
Brexit imports and exports
ATT issues last call for firms seeking to use increased Annual Investment Allowance
Latest guidance for employers
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Latest News
Quarter of a century’s wait for home ownership
SMEs struggle to meet auto-enrolment deadline
Scottish firms facing business rates hike
SME lending increasing
Callers set for long wait
CBI boss warns Osborne on tax
Higher allowance could increase tax demands
HMRC refuses to reveal EU migrant data
Scotland announces tax on second homes
Callers to HMRC face hour-long waits
HMRC criticised following tax fraud figures
HMRC takes its Big Brother approach online
