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Latest News for Business (Archive)

News
Latest News for Business

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

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