Business News

17 Sep 2021

OTS says changing date of tax year end would be beneficial

Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS).

16 Sep 2021

FSB survey suggests unemployment to rise by 50,000 as result of NICs rise

A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers, sole traders and employees.

15 Sep 2021

Inflation sees sharpest increase on record

Inflation rose to 3.2% last month from 2% in July ? its largest ever recorded increase, according to the Office for National Statistics (ONS).

14 Sep 2021

Higher taxes and lower business investment 'not a plan for growth', warns CBI

The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said.

13 Sep 2021

Thousands of teenagers missing out on Child Trust Fund cash

HMRC is urging young people to check if they have a Child Trust Fund (CTF) account.

10 Sep 2021

1.6 million still on furlough in July

At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier.

09 Sep 2021

Chancellor to deliver Autumn 2021 Budget on 27 October

HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.

08 Sep 2021

Business groups warn over tax increases

Business groups have warned that the government's plan to raise national insurance contributions (NICs) and add a surcharge to dividend income will hamper the economic recovery.

07 Sep 2021

Staff shortages could continue for two years, warns CBI

Labour supply problems could last for up to two years and will not be solved by the end of the Coronavirus Job Retention Scheme (CJRS), the Confederation of British Industry (CBI) has warned.

06 Sep 2021

Tax-Free Childcare can ease the cost of the return to school, says HMRC

Families may be eligible for Tax-Free Childcare (TFC) to help pay for breakfast clubs and after school clubs as their children go back to school, HMRC has said.

03 Sep 2021

Drop proposed basis period reform, urges ICAEW

Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital (MTD) will cause as many problems as it solves, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned.

02 Sep 2021

FSB suggests business rates system 'disincentivises investment'

The Federation of Small Businesses (FSB) has stated that the current business rates system in England serves to 'disincentivise businesses to invest in net zero and employee wellbeing measures'.

01 Sep 2021

UK business confidence at four-year high

British business confidence is at its highest level since April 2017, according to the latest Lloyds Bank Business Barometer.

31 Aug 2021

Contactless limit to increase to £100 from 15 October

The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, trade body UK Finance has confirmed.

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