Business News

Chancellor Rishi Sunak will set out a one-year Spending Review on 25 November as the government continues to tackle the economic slump caused by the coronavirus (COVID-19) pandemic.

The Institute of Chartered Accountants in England and Wales (ICAEW) has called for reform of 'inflexible business rates' as businesses continue to struggle through the coronavirus (COVID-19) pandemic.

A survey carried out by the Federation of Small Businesses (FSB) has found that confidence amongst small firms has been in negative territory since July 2018.

A report published by the National Audit Office (NAO) has revealed that significant levels of furlough fraud occurred during the first few months of the coronavirus (COVID-19) pandemic.

On 22 October Chancellor Rishi Sunak announced increases to the coronavirus (COVID-19) financial support measures first outlined in the Winter Economy Plan.

The Institute of Directors (IoD) has outlined reforms to the Prompt Payment Code.

HMRC has urged businesses to make sure they are prepared for new customs and tax rules so that they can continue to trade with the EU from 1 January 2021.

The Public Accounts Committee (PAC) has urged the government to give a 'more honest' picture of the likely levels of the UK tax gap.

The government has outlined plans to protect the UK's cash system and ensure people have easy access to cash.

The government has launched a new COVID-19 fraud hotline in conjunction with independent charity Crimestoppers.

HMRC has received over 54,800 claims from customers using a new online portal that allows employees to claim tax relief for working at home.

The Institute for Fiscal Studies (IFS) has suggested that the UK will require tax rises of £40 billion or more per year during the middle years of this decade to stop debt spiralling upwards as a result of the coronavirus (COVID-19) pandemic.

Think tank the Resolution Foundation has suggested that the coronavirus (COVID-19) has created a 'U-shaped crisis', with young adults and pensioners most likely to have stopped working during the pandemic.

The government's Job Support Scheme (JSS) will be expanded to protect jobs and support businesses required to close their doors due to local lockdowns as the number of coronavirus (COVID-19) cases continues to rise in some areas.