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  1. News
  2. Latest News for Business

Latest News for Business (Archive)

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
May 2021
  • Fourth self-employed grant now open for online applications
  • Recovery Loan Scheme opens to businesses
  • Recent changes to IR35 'undermine the self-employed' says IPSE
  • CBI calls for extension of Kickstart Scheme as jobs market remains subdued
  • New 95% mortgage scheme launched
  • New claims required for home working tax relief
  • HMRC sets out penalty regime for SEISS abuse
  • Pension fraud increased to £1.8 million in first quarter of 2021
April 2021
  • Business rates relief extended with £1.5 billion fund
  • Consultations launched on UK's first Tax Day
  • Government publishes details of Finance Bill 2021
  • £20 million SME Brexit Support Fund opens for applications
  • HMRC publishes details of final grants for self-employed
  • National Minimum and Living wages increases
  • UK cuts electric vehicle grants by £500
  • ICAEW urges HMRC to rethink quarterly reports under MTD for corporation tax
March 2021
  • Sunak set out Budget to protect businesses
  • Business groups welcome Budget
  • Late payment penalties for Self Assessment waived until 1 April
  • Online service opens for VAT deferral scheme
  • HMRC clarifies off-payroll rules
  • Domestic VAT reverse charge comes into effect on 1 March
  • Borrowers of Bounce Back loans given six more months for repayments
  • Advisory fuel rates for company cars
  • Spring Budget 2021
February 2021
  • 10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns
  • Rogue employers named and shamed for failing to pay employees the minimum wage
  • Scottish Budget Income Tax
  • Scottish Land and Buildings Transaction Tax
  • Bonus of £1,000 to help businesses take on trainees
  • LITRG calls for a rise in the High Income Child Benefit Charge threshold
  • Government urged by CBI to act on COVID business support ahead of Budget
  • Supreme Court backs small firms on business interruption claims
January 2021
  • Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget
  • Chancellor announces £4.6 billion lockdown grant package
  • Extension of the Job Retention Scheme
  • VAT deferral
  • New action to disrupt promoters of tax avoidance schemes
  • Self assessment deadline approaching
  • Institute of Directors warns Capital Gains Tax rise would adversely affect entrepreneurs
  • Individuals urged to remain vigilant when making festive charitable donations
  • Self-Employment Income Support Scheme
December 2020
  • Get prepared for the end of the Brexit transitional period
  • Virtual Christmas parties will qualify for tax exemption
  • Gifts to employees can be tax-free
  • Minimum Wage Increases from April 2021
  • Advisory fuel rates for company cars
  • Self assessment taxpayers warned to watch out for scammers posing as HMRC
  • HMRC confirms MTD for corporation tax to be mandated from 2026
  • £1 million Annual Investment Allowance cap extended
November 2020
  • Furlough scheme extended
  • Increased support made available for the self employed
  • Chancellor approves grants for businesses closed by lockdown
  • Self assessment customers to benefit from enhanced payment plans
  • Taxpayers claim tax relief for working from home
  • Brexit imports and exports
  • ATT issues last call for firms seeking to use increased Annual Investment Allowance
  • Latest guidance for employers
October 2020
  • Job Support Scheme
  • Winter Economy Plan support for the self-employed
  • VAT deferral and enhanced Time to Pay for self assessment
  • Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes
  • The VAT reverse charge
  • Ministers announce new grants for businesses affected by local lockdowns
  • New trade arrangements with the EU from 1 January 2021
  • House sales rise following the introduction of stamp duty holiday
September 2020
  • Kickstart Scheme opens for applications
  • Self Employment Income Support Scheme Grants
  • Plastic bag tax charge to be doubled and extended to all retailers
  • More than £30 million lost to pension scams
  • Advisory fuel rates for company cars
  • Eat Out to Help Out - over 64 million meals
  • Self assessment deadlines
  • HMRC latest guidance for employers
August 2020
  • HMRC outlines Job Retention Bonus criteria
  • Treasury sets out next steps for Making Tax Digital
  • Government announces review of business rates scheme
  • Eat Out to Help Out now up and running
  • Scottish government cuts LBTT to help home buyers
  • Wales reduces LTT rate
  • Chancellor asks OTS to review capital gains tax
  • Overclaimed COVID grants
July 2020
  • Chancellor unveils three-point plan for jobs
  • Stamp duty temporarily reduced
  • Flexible furloughing starts on job retention scheme
  • Government expands aid for start-ups and innovators
  • Bank of England increases stimulus package for UK economy
  • FCA confirms further support for consumer credit customers
  • Private sector off-payroll reforms given go ahead for April 2021
  • Late payment crisis has worsened during coronavirus lockdown
June 2020
  • Chancellor announces changes to Job Retention Scheme
  • COVID-19: delay to VAT reverse charge on construction services
  • Loan size increased to £200 million under large business interruption scheme
  • Future Fund launches to give start-ups coronavirus support
  • Coronavirus Statutory Sick Pay Rebate Scheme goes live
  • Changes to insolvency and company law going through Parliament
  • UK sets out post-Brexit tariff regime
  • MPs open inquiry into £155 billion of tax reliefs
May 2020
  • Government launches small business micro loan scheme
  • Lenders relax evidence requirements for business interruption loan scheme applications
  • Job Retention Scheme goes live
  • HMRC releases guidance for self-employed scheme
  • Government launches support finding tool for business
  • OBR predicts UK economy will shrink by over a third
  • Government borrowing could rise to £300 billion
  • HMRC extends late reporting deadline for CGT
April 2020
  • Chancellor's business support packages for coronavirus pandemic
  • Chancellor unveils help for self-employed workers
  • Regulators request delay in corporate reporting
  • HMRC urges businesses using VAT deferral to cancel direct debits
  • Get ready for 30-day returns and payments for residential property gains
  • New tests and new car benefit percentages
  • HMRC delays introduction of off-payroll rules to private sector
  • Rise in contactless card payment limit
March 2020
  • COVID-19: measures for UK businesses
  • Spring Budget 2020
  • Coronavirus measure: Statutory Sick Pay from day one
  • Review confirms off-payroll working rules to go ahead from April 2020
  • IFS calls for Chancellor to raise taxes in upcoming Budget
  • Minimum Wage increases
  • Advisory fuel rates for company cars
  • Don't forget to make tax efficient investments ahead of the tax year end
  • Freeports
  • Additional financial support for flooding victims
February 2020
  • Brexit - transition period
  • Scottish Budget
  • Budget Day 11 March
  • A decade of bizarre excuses and expense claims
  • Off-payroll working
  • Tax relief on professional fees and subscriptions
  • Changes to overdraft fees
  • New right to paid parental bereavement leave
January 2020
  • Chancellor announces Budget date
  • Minimum wage rates announced
  • Review of the Disguised Remuneration Loan Charge
  • Chancellor commits to review of IR35
  • Retiring clinicians payments
  • Guidance on Structures and Buildings Allowance
  • Call for review of High Income Child Benefit Charge
  • Self assessment deadline approaching
  • Current list of deliberate tax defaulters
  • Welsh government publishes Draft Budget
  • Working off-payroll
December 2019
  • Making sure gifts to employees are tax-free
  • Advisory fuel rates for company cars
  • HMRC offers tips on avoiding Self Assessment tax scams
  • Check employment status for tax tool update
  • Temporary pensions tax arrangement for NHS staff
  • HMRC issues guidance on cryptoassets
  • Latest guidance for employers
  • Research and Development spend
November 2019
  • Budget will not now take place on 6 November
  • Christa Ackroyd loses IR35 appeal
  • Clamp down on enablers of tax avoidance schemes
  • Increase in probate fees abandoned
  • Charities fraud protection failures
  • Guidance for employers
  • HMRC countdown: file your tax return
  • Genuine HMRC contact and recognising phishing emails and texts
October 2019
  • VAT domestic reverse charge for building and construction services delayed
  • Independent review of the Loan Charge
  • Senior clinicians' pensions consultation
  • HMRC collects record amounts of IHT
  • 'Major gaps' in no-deal Brexit guidance
  • Brexit-readiness events for business
  • Experts warning over insolvency debts
  • Money Laundering non-compliance
September 2019
  • Simplify apprenticeship funding
  • HMRC issues Customs EORI numbers
  • Trusts with small amounts of savings income
  • Advisory fuel rates for company cars
  • PAYE late filing and late payment penalties
  • Self assessment deadlines
  • HMRC latest guidance for employers
  • Strong Customer Authentication
August 2019
  • Off-payroll rules for the private sector
  • Digital Services Tax
  • Insolvency hierarchy changes
  • Private Residence Relief changes
  • Working parents may be eligible for tax-free childcare this summer
  • VAT changes may cause construction chaos
  • Wage growth at a high
  • Updated guidance on spotting HMRC scammers
July 2019
  • Tax gap remains low
  • Preparing the workforce for EU Exit
  • MTD for VAT latest
  • Employer Bulletin - latest guidance
  • New measures to ensure small businesses get paid on time
  • Payment on account confusion
  • UK Investment Support Directory
  • Consultation on the operation of Insurance Premium Tax
June 2019
  • MTD for VAT is now live
  • OTS calls for simplifying everyday tax for smaller businesses
  • HMRC taskforce tackles dishonest dog breeders
  • Forms P11D - reporting employee benefits
  • Welsh taxpayers income tax code mix-up
  • Consultation on Companies House reforms
  • Consultation on ancillary capital gains reliefs
  • Advisory fuel rates for company cars
  • Non-compliance with minimum wage regulations
May 2019
  • Consultation on extension of IR35 rules
  • Government confirms implementation of pensions dashboards
  • 'Springtime' tax scams target young people
  • Latest guidance for employers
  • VAT fuel scale charges
  • Money Laundering
  • 'Flexible extension' to Article 50
  • Scottish Air Departure Tax plans further delayed
April 2019
  • MTD for VAT
  • Reporting Benefits in Kind - Forms P11D
  • Additional Brexit advisory documents for small businesses
  • Delay to rise in probate fees
  • Update on Structures and Buildings Allowance
  • Call for tax on social media businesses
  • Changes to income tax for 2019/20
  • HMRC wins disguised remuneration avoidance case
March 2019
  • Spring Statement 2019
  • HMRC advice - prepare for no deal
  • Start date looming for Making Tax Digital for VAT
  • Advisory fuel rates for company cars
  • Scottish income tax bands confirmed for 2019/20
  • Minimum Wage increases
  • Pensions auto enrolment contributions to rise
  • Tax efficient investments ahead of the tax year end
  • Latest update for employers
  • Households with landlines should be vigilant
February 2019
  • Businesses urged to prepare for post-Brexit Customs Declarations
  • MTD for VAT - pilot extended to all eligible businesses
  • HMRC's Voice ID database
  • Spring Statement date announced
  • 'Unbelievable excuses' for late filing of tax returns
  • Protect your pension pots
January 2019
  • Scottish Budget 2018 income tax changes
  • Scottish Budget 2018 property tax changes
  • HMRC reminder to employees to claim their tax deductible expenses
  • Pension contribution increases ahead
  • HMRC publish details of deliberate tax defaulters
  • Self assessment deadline approaching
December 2018
  • The Scottish Budget key announcements
  • Committee warns small businesses 'could pay heavy price' for MTD
  • Leaving the EU with no deal
  • 180,500 new homeowners benefit from stamp duty tax relief
  • Tax-free gifts to employees
  • Advisory fuel rates for company cars
  • Phishing tax refund email targets university students
  • Inheritance Tax Review by Office of Tax Simplification
November 2018
  • Budget 2018
  • Personal tax changes - allowance and basic rate band increases
  • Capital allowances changes
  • Entrepreneurs' Relief changes
  • Making Tax Digital for VAT
  • New guidance for employers
  • HMRC countdown: file your tax return
  • Further contingency planning guidance on a 'No deal Brexit'
October 2018
  • Autumn Budget 2018
  • UK Budget date announced
  • Self-employed Class 2 National Insurance will not be scrapped
  • 'No deal' Brexit guidance and small business survey
  • Deadline for 'paper' self assessment tax returns
  • Deliberate tax defaulters
  • Genuine HMRC contact and recognising phishing emails and texts
  • HMRC identify record £15.6 million minimum wage underpayments
September 2018
  • HMRC warning: time to declare offshore assets
  • Stamp duty cut
  • Software suppliers - Making Tax Digital for VAT
  • Advisory fuel rates for company cars
  • HMRC latest guidance for employers
  • 'No deal' Brexit guidance
August 2018
  • Bank of England raise interest rate
  • Making Tax Digital for VAT
  • Scotland introduces relief for first time buyers
  • Next round of tax draft tax legislation published
  • One million couples still eligible for tax boost
  • Consultation on pensions cold calling ban
  • Use Tax-Free Childcare over the summer holidays
July 2018
  • Workers' rights for Pimlico Plumber
  • Latest guidance for employers
  • UK 'tax gap' falls to 5.7%
  • HMRC extends RTI late filing easement until April 2019
  • HMRC saves public £2.4M by stopping fraudsters
  • VAT reverse charge for construction services consultation
  • Enterprise Management Incentive continues
June 2018
  • Tax refund scams warning from HMRC
  • 200,000 receive back pay as HMRC enforce National Minimum Wage
  • Advisory fuel rates for company cars
  • Universal Credit and self employment
  • State Aid approval granted for the Enterprise Management Incentive
  • Wales to set devolved income tax rates
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