Latest News for Business

Click on a headline to read the full story. Click here to subscribe to our monthly newsletter.

10 Feb 2020

Brexit - transition period

The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020.

10 Feb 2020

Scottish Budget

Minister for Public Finance and Digital Economy, Kate Forbes, delivered the 2020/21 Scottish Draft Budget on Thursday 6 February 2020.

10 Feb 2020

Budget Day 11 March

Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March 2020.

10 Feb 2020

A decade of bizarre excuses and expense claims

Vengeful witches and pet hamsters feature in HMRC's list of imaginative excuses and expense claims.

10 Feb 2020

Off-payroll working

HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year.

10 Feb 2020

Tax relief on professional fees and subscriptions

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations.

10 Feb 2020

Changes to overdraft fees

The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.

10 Feb 2020

New right to paid parental bereavement leave

The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks' statutory leave.

07 Jan 2020

Chancellor announces Budget date

Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March 2020.

07 Jan 2020

Minimum wage rates announced

The government has announced the largest increase since the National Living Wage was introduced two decades ago.

07 Jan 2020

Review of the Disguised Remuneration Loan Charge

The government has announced it will make a number of changes to the loan charge rules.

07 Jan 2020

Chancellor commits to review of IR35

The Chancellor of the Exchequer has announced that the major review of all aspects of self-employment will include the proposed extension of the Off-Payroll working rules to the private sector.

07 Jan 2020

Retiring clinicians payments

The Secretary of State has confirmed that the commitments being entered into, to make payments to clinicians affected by annual allowance pension tax, will be honoured when clinicians retire.

07 Jan 2020

Guidance on Structures and Buildings Allowance

The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA).

07 Jan 2020

Call for review of High Income Child Benefit Charge

The Low Incomes Tax Reform Group is calling on the government to address issues with the High Income Child Benefit Charge.

07 Jan 2020

Self assessment deadline approaching

The deadline for submitting your 2018/19 self assessment return is 31 January 2020.

07 Jan 2020

Current list of deliberate tax defaulters

HMRC publishes details of deliberate tax defaulters.

07 Jan 2020

Welsh government publishes Draft Budget

The Welsh government has published its Draft Budget.

01 Jan 2020

Working off-payroll

From 6 April 2020, a change to the off-payroll (IR35) rules is expected.

04 Dec 2019

Making sure gifts to employees are tax-free

Some employers may wish to give a small gift to their employees.

04 Dec 2019

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 December 2019.

04 Dec 2019

HMRC offers tips on avoiding Self Assessment tax scams

HMRC is giving information to taxpayers to help them avoid scams ahead of the Self Assessment deadline.

04 Dec 2019

Check employment status for tax tool update

HMRC has issued an update to the Check employment status tool (CEST).

04 Dec 2019

Temporary pensions tax arrangement for NHS staff

The Secretary of State for Health and Social Care has agreed to a temporary commitment to make payments to certain clinical staff outside of the NHS pension schemes to restore the value of their pension benefits package.

04 Dec 2019

HMRC issues guidance on cryptoassets

HMRC has published guidance for people who hold cryptoassets.

04 Dec 2019

Latest guidance for employers

HMRC has issued the latest Employer Bulletin.

04 Dec 2019

Research and Development spend

The Office for National Statistics has revealed what UK businesses spent on Research and Development in 2018.

Archive News

Click here to access our full archive

10 Feb 2020

Brexit - transition period

The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020.

10 Feb 2020

Scottish Budget

Minister for Public Finance and Digital Economy, Kate Forbes, delivered the 2020/21 Scottish Draft Budget on Thursday 6 February 2020.