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Business News Archive

October 2018

Brexit uncertainty 'affecting international trade'
HMRC launches second MTD for VAT pilot
Bank of England outlines plans for new £50 note
ABI urges Chancellor to avoid increasing IPT in Budget
Government publishes further 'no deal' Brexit documents
Business group proposes overhaul of tax regime for financial services sector
OTS launches consultation on impact of taxation on UK firms
CBI publishes wishlist for 2018 Autumn Budget
BCC suggests UK economic growth is 'flatlining'
Government announces stamp duty surcharge for overseas buyers of UK property
Welsh government publishes Draft Budget for 2019-20
Prime Minister announces fuel duty freeze
Employer Supported Childcare scheme set to close to new entrants
Business rates 'could be changed' to help high street retailers
One in ten firms 'could become bankrupt' as result of customs delays after Brexit

September 2018

Research reveals £500 million stolen via fraud in first half of 2018
Chancellor announces Autumn Budget date
FSB calls on European Commission to 'end late payments culture'
Additional 'no deal' Brexit documents published by government
New report suggests two-thirds of SMEs 'preparing growth plans'
Treasury Select Committee calls for 'greater regulation' of cryptocurrencies
Inflation rate rises to six-month high
Significant number of UK firms 'unaware of Making Tax Digital for VAT'
BCC downgrades UK growth forecasts as result of Brexit uncertainty
New technology 'could pave way for better working conditions', states TUC
Government publishes the next set of 'no deal' Brexit documents
Government launches new Help to Save scheme
Small business group unveils plans for 'fairer energy market'
New laws aim to help small businesses to secure funding
Government launches new trade taskforce
Government scraps national insurance tax cut for the self-employed
IPPR calls for 'fundamental reform' of UK economy
AAT outlines proposals to 'protect taxpayers from tax rises'
Report reveals childcare fees have 'risen faster than wages'
Significant rise in number of data breach complaints as result of GDPR

August 2018

Time spent commuting 'should count as part of working day'
Think tank urges government to abolish Entrepreneurs' Relief
Official data suggests SMEs 'reaping the benefits' of government's digital spending
HMRC increases late tax payment rate
Government publishes 'no deal' Brexit advisory documents
Significant number of businesses 'unsure about GDPR compliance'
Small businesses 'planning for range of Brexit outcomes', research suggests
Treasury outlines proposals for 'tax on plastic waste'
£2 million lost to cryptocurrency fraud over last two months, data reveals
New regulation requires banks to disclose customer satisfaction scores
SMEs 'confident in regard to growth prospects', survey finds
Research finds over £2 billion stolen via credit card fraud in last year
Almost two-thirds of over-50s will 'retire later than expected', survey suggests
Official figures reveal boost in UK economic growth
CIOT welcomes MTD for VAT 'soft landing' concession for taxpayers
Survey suggests mental health becoming 'less taboo' in UK workplaces
HMRC urges taxpayers to declare offshore assets
Extend gender pay gap reporting to include small firms, urges Committee
IoD states UK businesses 'left in the dark' in regard to Brexit plans
Business groups respond to interest rates rise
Official data reveals 'record amount' of inheritance tax collected by HMRC
Brexit will 'hurt UK and EU member state economies', warns IMF

July 2018

New review to consider the impact of ‘cashless technology’
'One in twelve workers' not taking full holiday entitlement
Treasury Committee calls for reformation of tax relief on pensions
BCC urges HMRC to 'cut the complexity' associated with tax administration
Keep workplaces cool during heatwave, TUC urges employers
HMRC launches new consultation on pensions cold calling ban
Investment in innovation needed to 'help boost SME productivity', states FSB
'Record amount' of tax collected by HMRC
OBR warns tax rises will be required to fund health service spending
Business confidence 'reaches two-year high', research suggests
FRC publishes new Corporate Governance Code
Government urged to 'pick up the pace' in regard to Apprenticeship Levy reform
Business groups respond to publication of Brexit White Paper
UK pensioners 'pay an average annual tax bill of £3,500', research reveals
Committee raises concerns over impact of business rates on UK firms
HMRC tax investigations into SMEs are 'too intensive'
Government publishes Finance Bill 2018-19 draft legislation
New fund launched to 'increase productivity' amongst SMEs
UK businesses must prepare for 'no deal' Brexit, warns ICAEW
Couples urged to claim free tax break
HMRC 'saves consumers more than £2.4 million' in its fight against cybercrime
Confidence amongst the self-employed has 'fallen significantly', FSB finds

June 2018

Think tank calls for major reform of buy-to-let market
FSB urges government to improve supply chain procedures
Business groups call for 'urgent progress' in Brexit negotiations
Almost half of SMEs 'unaware of Making Tax Digital'
UK entrepreneurs call on government to 'provide more support'
BCC states UK economy 'set for worst growth since 2009'
SMEs urge government to simplify UK business rates system
Business leaders call on Chancellor to review UK tax system
Report suggests payments by card are 'now more popular than using cash'
UK tax gap 'falls to £33bn'
Government to require businesses to justify executives' salaries
Inheritance tax 'unnecessarily complicated', states AAT
UK small firms 'unprepared for business interruption', FSB warns
GDPR fines 'could increase cybercrime ransom demands'
Study suggests many individuals 'plan to work past retirement age'
Artificial intelligence 'will be critical to firms' survival', survey suggests
Business group urges government to increase VAT registration threshold
Business group calls on large firms to 'lead the way' in tackling late payment
Rising fuel prices adversely affecting UK businesses, industry warns
Significant number of UK firms affected by cyber-attacks and breaches, survey finds
Self-employed individuals 'unfazed by Brexit', study suggests

May 2018

OTS publishes review into the taxation of savings income
Government outlines proposals to fine company directors for unsolicited calls
Think tank suggests UK taxpayers are giving 'majority of their income' to the Treasury
Bank of England Governor states Brexit has 'cost UK households £900'
IFS warns tax rises will be needed in order to sustain health service
UK firms give broadly positive feedback on HMRC customer service
Broadband speeds for UK households and small businesses are '51% slower than advertised'
Significant number of UK employees worked from home in 2017, TUC reveals
HMRC adds two new software providers to Making Tax Digital pilot
UK workers will require pension pot of 'at least' £260,000, says study
UK set to experience 'strong growth in demand for labour' in second quarter of 2018
Survey suggests millennials feel 'under most pressure' at work
Business group brands UK wage squeeze 'worst in modern history'
Many individuals believe self-employment has 'improved quality of life', survey finds
HMRC issues warning over tax refund scams
Car insurance costs proving a 'significant burden' for young drivers
New digital pension schemes service is delayed
Brexit causes HMRC to delay Making Tax Digital for individuals
Think tank proposes replacing inheritance tax with 'Lifetime Receipts Tax'
Late payments 'remain a real problem' for SMEs, research finds
'Avalanche of cuts' affecting UK economy, says TUC

April 2018

UK businesses 'targeting international trade' as part of growth plans, survey suggests
Abolition of stamp duty for first-time homebuyers 'benefits 69,000 households'
'Time running out' for SMEs to prepare for introduction of GDPR, says FSB
Report finds identity fraud 'on the rise' in the UK
Cost of Brexit 'divorce bill' still unclear, says NAO
Men ‘getting better state pension deal’ than women, research suggests
Many businesses 'not seeing improvements in UK mobile network', states BCC
Think tank proposes creation of a 'wealth fund' to address wealth inequality
Wage growth rate overtakes inflation for 'first time in a year', official figures reveal
OTS calls for 'urgent review' into how UK tax system affects businesses
Growth in UK economy slow 'despite export boost'
Confidence in UK economy has 'returned to positive figures', IoD finds
CBI warns of cost rises if UK strays from EU regulations
Proposals for making UK 'best place in world to do business' outlined by taskforce
Changes to termination payments could increase employer tax liability
Business groups call for 'urgent reform' of Apprenticeship Levy
New business and tax measures take effect
Government publishes 'sugar tax' guidance ahead of its introduction on 6 April
Businesses urged to publish gender pay gap figures as deadline approaches
BCC survey suggests UK infrastructure 'less reliable' than five years ago

March 2018

Confidence amongst small businesses is 'rebounding', says FSB
Reviews into UK tax system launched by committee
Making Tax Digital income tax pilot open to self-employed
Survey suggests many SMEs 'opting to self-fund'
UK wages 'rising at fastest rate in two years', data reveals
Government data suggests 77% of UK firms 'paying men more than women'
Business groups respond to government's Brexit transition period agreement
Charities 'missing out' on Gift Aid
New rules introduced to tackle online VAT fraud
Government launches £67 million full-fibre broadband scheme
IFS states tax rises of £30 billion per year needed in order to reduce deficit
2018 Spring Statement - Chancellor invites views of small firms on VAT threshold
View our 2018 Spring Statement summary
Spring Statement heralds the 'light at the end of the tunnel'
2018 Spring Statement - the economic picture
2018 Spring Statement - the political reaction
2018 Spring Statement - the business reaction
2018 Spring Statement - what to expect
Research suggests average UK small business owed £63,000 in late payments
TUC analysis of gender pay gap suggests women 'work for free for two months'
Brexit 'should not overshadow growth', BCC warns government
Government publishes Making Tax Digital for VAT legislation
Figures show significant increase in contactless card fraud
IPPR suggests abolishing income tax bands to help taxpayers save
Many businesses 'underestimate the risk' involved with cybercrime, report finds
TUC urges employers to remain vigilant as heavy snowfall affects much of the UK

February 2018

Chancellor urged to freeze business rates in upcoming Spring Statement
HMRC to receive £100 million as result of Panama Papers investigations
Study suggests unpaid overtime caused UK workers to lose £31 billion in 2017
Deadline to spend old £10 notes rapidly approaching, Bank of England warns
Data shows many firms 'paying male employees more than female employees'
Businesses 'turning to alternative sources of finance', research suggests
SMEs expect cryptocurrency payments to reach high street 'within two years'
Average UK small business ‘spends £5,000 on tax compliance every year’, study finds
Significant number of UK workers 'planning to become self-employed', research finds
Bank of England survey suggests UK workers in line for pay rise
Shared parental leave take-up ‘as low as 2%’, says government
Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’
Government launches power of attorney fee refund scheme
HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme
Research suggests lack of savings putting individuals 'at risk of financial hardship'
Government outlines reforms in response to Taylor review of employment practices
HMRC's VAT bill worth 21% of its total tax take, data reveals
Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS
HMRC reveals 'record number' of taxpayers submitted tax returns before deadline
Two thirds of businesses 'unprepared for GDPR', survey suggests

January 2018

Chancellor commissions OTS to review inheritance tax rules
Government self assessment letters ‘lack a sense of urgency’, research suggests
New centre designed to improve UK tax system launched by NAO
Government moves to tackle the sending of scam text messages to taxpayers
HMRC issues self assessment warning as 'three million tax returns still outstanding'
Employers call for apprenticeship levy reform
Research finds UK SMEs 'optimistic about their role in global economy'
Stamp duty cut 'fails to entice first-time buyers', survey suggests
ONS data suggests gender pay gap 'widens as women age'
IoD publishes list of business predictions for 2018
PAC warns HMRC customer service 'must not suffer' as it prepares for Brexit
UK consumers spending significant amounts on ‘impulse buys’, survey reveals
Business profitability has risen considerably over last decade, TUC finds
Consumers to benefit from ban on credit and debit card surcharges
CBI survey reveals public confidence in UK businesses has risen significantly
Small businesses affected by rising fuel costs, business group reveals
Proposed changes to VAT 'could create additional burdens' for business
FSB finds confidence amongst UK small businesses has fallen
National Living Wage rises could lead to more jobs becoming automated, IFS warns
HMRC publishes draft Making Tax Digital for VAT regulations
Significant number of tax returns filed over festive period, official figures reveal
Government publishes staircase tax repeal Bill

December 2017

Have you made your financial New Year's resolutions?
Self-assessment tax return deadline looms
Businesses advised to safeguard against adverse winter weather
UK businesses 'set to increase employee pay' in 2018, CBI finds
Government launches Small Business Commissioner service
Research reveals older workers 'struggling to save for retirement'
Mental health ‘remains a taboo subject in the workplace’, research suggests
Government proposes to extend auto-enrolment scheme to younger workers
Finance Secretary for Scotland announces income tax changes in Scottish Budget
SMEs hindered by lack of available funding, research suggests
Significant number of small businesses 'unaware of Making Tax Digital requirements'
New financial crime centre launched by government
BCC downgrades its economic forecast for next three years
ICAEW shares tips for arranging a tax-efficient seasonal party
Chancellor announces Spring Statement date
UK state pension 'least generous of all advanced economies', OECD states
CBI predicts UK economic growth to remain ‘steady but subdued’
Self assessment penalties ‘to be replaced with new points-based system’
Autumn Budget stamp duty changes will have 'modest impact', says lender

November 2017

Motorists 'less likely to choose diesel cars' following Autumn Budget tax changes
More than £1 billion stolen from bank accounts via credit card fraud, research finds
Government unveils new Industrial Strategy white paper
Number of apprenticeships has fallen by 59%, data reveals
UK on course for 'longest period of falling living standards since records began'
View our 2017 Autumn Budget Report
2017 Autumn Budget - Chancellor abolishes stamp duty for first-time homebuyers
Chancellor presents 2017 Autumn Budget, 'building on Britain's global success story'
2017 Autumn Budget - the economic picture
2017 Autumn Budget - the political reaction
2017 Autumn Budget - the business reaction
2017 Autumn Budget - what to expect
Survey suggests two in five SMEs ‘unprepared’ for new GDPR
Lowering VAT threshold would put SMEs at a disadvantage, FSB warns
TUC urges Chancellor to use Autumn Budget to 'end wage squeeze'
Government delays Tax-Free Childcare scheme for parents of older children
Paper £10 notes set to be demonetised
Fraud costs UK £190 billion per annum, data suggests
CBI urges UK businesses to adopt ‘readily available technologies’
Chancellor urged to remove age-related tax inequalities in Autumn Budget
Bank of England survey indicates pay growth set to surge in 2018
OTS publishes recommendations for simplifying VAT
Business confidence low despite rise in profits, ICAEW finds
FSB responds to government’s decision to delay abolition of Class 2 NICs
Bank of England raises interest rates for first time in 10 years
Brexit vote 'has cost UK households £600 per year', data suggests
FCA finds more than a fifth of individuals 'failing to report investment scams'

October 2017

TUC finds 'market volatility' could cost pension savers
Chancellor 'may have to abandon deficit target' in upcoming Budget, IFS states
Gender pay gap 'narrows to record low', data suggests
Moderate growth in UK economy sparks interest rate rise concerns
PAC urges HMRC to take action on online VAT fraud
'Immediate action' required to stop business rates increases, BCC warns government
Businesses and government 'must adopt cutting-edge technologies' says CBI
FSB urges Chancellor to 'rule out business tax increases' in Autumn Budget
FCA suggests half of individuals in the UK are 'financially vulnerable'
Third of company directors 'unaware' of new data protection rules
UK could lose £400 billion as result of 'hard Brexit', study suggests
CBI publishes Autumn Budget submission
Chancellor suggests ‘staircase tax’ could be abolished
Individuals 'should be set pensions savings targets' to secure comfortable retirement
Brexit ‘could increase number of business insolvencies’, ICAEW suggests
Significant number of UK workers 'considering setting up a side business'
'Progressive' property tax regime for Wales set to be implemented
Significant number of young people 'concerned about their finances', study suggests
UK's rate of inflation 'highest amongst leading economies', data suggests
Small Business Commissioner appointed by government
IoD outlines Autumn Budget proposals
UK businesses 'in the dark' about how to make best use of Apprenticeship Levy

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