Business News

Business News

COVID-19 sick pay rebate scheme to end on 30 September

20 Sep 2021

The government's scheme that enables small businesses to recoup statutory sick pay costs caused by the coronavirus (COVID-19) will end at the end of September.

OTS says changing date of tax year end would be beneficial

17 Sep 2021

Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS).

FSB survey suggests unemployment to rise by 50,000 as result of NICs rise

16 Sep 2021

A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers, sole traders and employees.

Inflation sees sharpest increase on record

15 Sep 2021

Inflation rose to 3.2% last month from 2% in July ? its largest ever recorded increase, according to the Office for National Statistics (ONS).

Higher taxes and lower business investment 'not a plan for growth', warns CBI

14 Sep 2021

The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said.

Thousands of teenagers missing out on Child Trust Fund cash

13 Sep 2021

HMRC is urging young people to check if they have a Child Trust Fund (CTF) account.

1.6 million still on furlough in July

10 Sep 2021

At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier.

Chancellor to deliver Autumn 2021 Budget on 27 October

09 Sep 2021

HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.

Business groups warn over tax increases

08 Sep 2021

Business groups have warned that the government's plan to raise national insurance contributions (NICs) and add a surcharge to dividend income will hamper the economic recovery.

Staff shortages could continue for two years, warns CBI

07 Sep 2021

Labour supply problems could last for up to two years and will not be solved by the end of the Coronavirus Job Retention Scheme (CJRS), the Confederation of British Industry (CBI) has warned.

Tax-Free Childcare can ease the cost of the return to school, says HMRC

06 Sep 2021

Families may be eligible for Tax-Free Childcare (TFC) to help pay for breakfast clubs and after school clubs as their children go back to school, HMRC has said.

Drop proposed basis period reform, urges ICAEW

03 Sep 2021

Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital (MTD) will cause as many problems as it solves, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned.

FSB suggests business rates system 'disincentivises investment'

02 Sep 2021

The Federation of Small Businesses (FSB) has stated that the current business rates system in England serves to 'disincentivise businesses to invest in net zero and employee wellbeing measures'.

UK business confidence at four-year high

01 Sep 2021

British business confidence is at its highest level since April 2017, according to the latest Lloyds Bank Business Barometer.

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