Latest News for Business

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09 May 2022

HMRC starts chasing up SEISS overpayments

HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.

09 May 2022

UK government unveils energy strategy

Up to eight more nuclear reactors could be delivered to existing sites as part of the UK's new energy strategy.

09 May 2022

Treasury announces it will regulate some forms of cryptocurrency

The Treasury has announced that it plans to recognise stablecoins as a valid form of payment as part of a wider government initiative to 'make Britain a global hub for cryptoasset technology and investment'.

09 May 2022

HMRC names avoidance scheme promoters for first time

HMRC has named two tax avoidance schemes and their promoters for the first time, advising anyone involved to withdraw from them as soon as possible to prevent the build up of large tax bills.

09 May 2022

New HMRC one-stop online shop provides taxpayers with tax relief information

HMRC has launched a new one-stop online shop designed to provide taxpayers with information on the tax reliefs and financial help available from HMRC.

09 May 2022

Export growth is 'stagnant', BCC finds

Data published by the British Chambers of Commerce (BCC) shows that UK export growth has been effectively stagnant for the past year.

09 May 2022

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

09 May 2022

Government inaction on long COVID could cost billions

There are now more than a million workers missing from the workforce compared to pre-pandemic figures, according to a report published by the IPPR think tank.

05 Apr 2022

Chancellor cuts fuel duty in Spring Statement

Chancellor Rishi Sunak announced a 5p per litre cut in fuel duty for petrol and diesel in the 2022 Spring Statement.

05 Apr 2022

Business groups give mixed response to Spring Statement

The UK's business groups gave a mixed response to Chancellor Rishi Sunak's Spring Statement speech.

05 Apr 2022

OBR updates economic picture

In his Spring Statement speech, Chancellor Rishi Sunak responded to the latest forecasts as published by the Office for Budget Responsibility (OBR).

05 Apr 2022

MTD for VAT brings in up to an extra £195 million in tax

Estimates show that up to £195 million in extra tax revenue has been collected via Making Tax Digital for VAT (MTD for VAT), according to research from HMRC.

05 Apr 2022

Bank of England raises interest rates for third time in a row

The Bank of England has raised interest rates for the third consecutive time.

05 Apr 2022

UK economic growth to halve this year, warns BCC

UK economic growth is expected to halve this year amid soaring inflation, major tax rises, and global shocks including Russia's invasion of Ukraine, warns the British Chambers of Commerce (BCC).

05 Apr 2022

Student loan repayments for new borrowers to start at £25,000

The level at which students begin to pay back their loans will be lowered from £27,295 to £25,000 for new borrowers.

05 Apr 2022

CMA frees leaseholders from rising ground rents

Intervention by the Competition and Markets Authority (CMA) has freed more leaseholders from increasing ground rent terms that saw them trapped in homes they struggled to sell or mortgage.

24 Mar 2022

Spring Statement 2022

Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022.

07 Mar 2022

Spring Statement is the time to act, says CBI

The Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI).

07 Mar 2022

Coronavirus SSP Rebate Scheme set to close on 17 March

The Statutory Sick Pay Rebate Scheme (SSPRS) will close on 17 March 2022.

07 Mar 2022

Businesses urged to apply for remaining COVID-19 support grants

Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.

07 Mar 2022

Two freeports planned for Scotland

A partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments.

07 Mar 2022

HMRC raises late payment interest rate

Following the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a quarter of a percent.

07 Mar 2022

MPs call for road pricing to replace motoring taxes

The government must overhaul motoring taxes as it phases out new diesel and petrol vehicles, according to MPs.

07 Mar 2022

Over a million take advantage of extra time to file self assessment returns

HMRC has revealed that more than one million taxpayers filed their late tax returns in February - taking advantage of the extra time to complete their self assessment without facing a penalty.

07 Mar 2022

Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 March 2022.

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09 May 2022

HMRC starts chasing up SEISS overpayments

HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.

09 May 2022

UK government unveils energy strategy

Up to eight more nuclear reactors could be delivered to existing sites as part of the UK's new energy strategy.