Business News

Business News

No 'convincing case' for digital UK currency, says House of Lords committee

18 Jan 2022

Creating an official digital currency in the UK could pose significant risks to banks, a House of Lords committee has warned.

Consumer group urges taxpayers to avoid using refund firms to claim tax rebates

17 Jan 2022

Consumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates.

Government launches consultation on global minimum tax for multinationals

14 Jan 2022

The government has launched a consultation on the framework for rolling out the 15% global minimum tax on profits which will be payable by the largest multinationals from 2023.

COVID-19 support grants must be included on company tax returns

13 Jan 2022

HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable.

More than one million will be dragged into higher rate tax bracket, research suggests

12 Jan 2022

The Treasury's decision to freeze income tax thresholds will drag over one million people into the higher rate tax band over the next four years, according to research commissioned by the Liberal Democrats.

More than half of SMEs 'confused about plans to level up the UK'

11 Jan 2022

Research published by Nucleus Commercial Finance has revealed that over half of small and medium-sized enterprises (SMEs) in the UK are confused about the government's plans to 'level up' the country.

Over £1 billion now recovered by HMRC's fraud squad

10 Jan 2022

HMRC's Fraud Investigation Service (FIS) has now recovered more than £1 billion from proceeds of crime and tax offenders.

HMRC gives self assessment taxpayers more time to ease COVID-19 pressures

07 Jan 2022

HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month.

Businesses facing 'unprecedented cost pressures', warns BCC

06 Jan 2022

The British Chambers of Commerce (BCC) has warned that businesses are facing 'unprecedented cost pressures', with inflation predicted to surge.

Almost 3,000 file self assessments on Christmas Day

05 Jan 2022

HMRC has revealed that 2,828 customers filed their self assessment tax return on Christmas Day, compared to 2,700 in 2020.

Over 440,000 small firms at risk due to late payment crisis

04 Jan 2022

More than 440,000 small firms could be forced out of business by the late payment crisis, according to the Federation of Small Businesses (FSB).

Have you made your financial New Year's resolutions?

31 Dec 2021

With 2022 just around the corner, you may wish to consider creating some financial New Year's resolutions to ensure that you remain on course for a successful and profitable year ahead.

Don't forget to file your self assessment tax return

30 Dec 2021

The deadline for submitting your 2020/21 self assessment tax return is midnight on 31 January 2022.

Safeguard your business against adverse winter weather

29 Dec 2021

With the festive period underway, businesses are advised to be prepared for adverse weather conditions during the winter months.

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