Business News

19 Feb 2018

Average UK small business ‘spends £5,000 on tax compliance every year’, study finds

A new report published by the Federation of Small Businesses (FSB) has found that the average UK small business spends £5,000 per year on tax compliance.

16 Feb 2018

Significant number of UK workers 'planning to become self-employed', research finds

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future.

15 Feb 2018

Bank of England survey suggests UK workers in line for pay rise

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers.

14 Feb 2018

Shared parental leave take-up ‘as low as 2%’, says government

The Department for Business, Energy and Industrial Strategy (BEIS) has suggested that take-up of shared parental leave ‘could be as low as 2%’.

13 Feb 2018

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax (IHT) nil-rate band.

12 Feb 2018

Government launches power of attorney fee refund scheme

The Ministry of Justice (MoJ) has launched a refund scheme for those who may have been overcharged for power of attorney arrangements.

09 Feb 2018

HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme

HMRC has urged accountancy bodies to help it enlist willing businesses to take part in an upcoming Making Tax Digital for VAT (MTD for VAT) pilot scheme.

08 Feb 2018

Research suggests lack of savings putting individuals 'at risk of financial hardship'

Research carried out by banking group Aldermore has suggested that a lack of business savings is putting a strain on self-employed individuals in the UK.

07 Feb 2018

Government outlines reforms in response to Taylor review of employment practices

In response to Matthew Taylor's Review of Modern Working Practices, the government has outlined a series of reforms, designed to give 'flexible workers' new employment rights.

06 Feb 2018

HMRC's VAT bill worth 21% of its total tax take, data reveals

Data published by HMRC has revealed that VAT now accounts for 21% of the Revenue's overall tax take.

05 Feb 2018

Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS

Research carried out by the Institute for Fiscal Studies (IFS) has suggested that mothers working part-time jobs are receiving ‘long-term pay penalties’ as a direct result of the gender pay gap.

02 Feb 2018

HMRC reveals 'record number' of taxpayers submitted tax returns before deadline

A 'record number' of taxpayers submitted their self assessment tax returns before the 31 January deadline, HMRC has revealed.

01 Feb 2018

Two thirds of businesses 'unprepared for GDPR', survey suggests

A survey carried out by professional services firm EY has suggested that two thirds of businesses are 'unprepared' for the upcoming introduction of the General Data Protection Regulation (GDPR).

31 Jan 2018

Chancellor commissions OTS to review inheritance tax rules

Chancellor Philip Hammond has commissioned the Office of Tax Simplification (OTS) to review the UK's inheritance tax (IHT) regime, and outline ways in which the tax can be simplified.

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