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Latest News for Business (Archive)

  1. News
  2. Latest News for Business
May 2025
  • Sole traders and landlords get Making Tax Digital warning
  • Loan charge review calls for evidence
  • Companies House begins to verify identities
  • Chancellor unveils plans to maintain level playing field for British business
  • Tax red tape costs small businesses nearly £25 billion a year
  • Government calls time on red tape for pubs, clubs, and restaurants
  • Government taking right approach to tariff negotiations
  • Latest guidance for employers
April 2025
  • Minimum wage rose on 1 April
  • No further tax increases in Spring Statement
  • Finance Act 2025 receives Royal Assent
  • Side hustle trading threshold raised to £3,000 per year
  • Financial benefit of MTD could be as high as £915 million
  • Chancellor unveils plan to cut red tape
  • Employment reforms continue to stifle business hiring intentions
March 2025
  • Government consults on mandatory e-invoicing
  • Proposed HMRC powers to collect data on hours worked scrapped
  • Business tax compliance costs £15 billion a year
  • Tailored tax reliefs boost alcohol sector
  • Businesses warn of National Insurance 'powder keg'
  • HMRC cuts late and repayment interest rates
  • Latest guidance for employers
  • Advisory fuel rates for company cars
February 2025
  • Parliamentary watchdog accuses HMRC of deliberately 'degrading' phone services
  • Government commissions review of the Loan Charge
  • CIOT calls on government to rewrite unfair VAT rules
  • Pension reforms to 'unlock billions' for government growth agenda
  • UK firms expecting slowdown
  • Employment plan will harm jobs, warns small firms
  • UK economy returns to growth as inflation dips
  • IMF upgrades UK's economic outlook
January 2025
  • HMRC urges self assessment taxpayers to spread the cost
  • HMRC could save millions of hours with tracking system
  • Government launches Industrial Strategy Advisory Council
  • Spring Statement set for 26 March
  • UK economy shrinks for second month in a row
  • Cash usage on the rise for second successive year
  • Over 40,000 file self assessment over the Christmas break
  • Latest guidance for employers
December 2024
  • Permanent business rate cut for high street on the way
  • HMRC warns landlords to disclose earnings
  • No tax changes for online sellers
  • Business frustrated at halt in rollout of digital trade platform
  • Employer NICs rise may have unforeseen consequences
  • Scams warning as self assessment deadline looms
  • HMRC late payment interest cut
  • Advisory fuel rates for company cars
November 2024
  • Chancellor promises to drive growth and raises £40 billion in taxes
  • Autumn Budget - the business reaction
  • National Living Wage rises by 6.7%
  • New tipping law comes into force
  • Make Work Pay threatens employment and growth warns FSB
  • New Growth and Skills Levy must end 'cycle of failure'
  • 10,000 boost State Pension with online payments
  • Latest guidance for employers
October 2024
  • IPSE calls for fairer off-payroll rules in Budget
  • Billion-pound tax bombshell to hit hospitality, warns trade body
  • Reforms to IHT, CGT and NI 'could raise over £20 billion a year'
  • Government announces apprenticeship reforms
  • HMRC urged to take action to defuse side hustle time bomb
  • £5.5 billion lost as a result of tax evasion
  • Young people reminded to reclaim government savings
  • Government cracks down on late payments
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
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