Business News

Business News

Business groups respond to announcement of new Brexit deal

18 Oct 2019

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the government's announcement of a new Brexit deal between the UK and the EU.

HMRC to give importers no-deal Brexit 'breathing space'

17 Oct 2019

HMRC intends to give importers up to six months to submit customs declarations and pay import duties in the event of a no-deal Brexit on 31 October.

HMRC data reveals significant rise in number of R&D tax credit claims

16 Oct 2019

Figures published by HMRC have revealed that the total number of claims for R&D tax credits has increased by 20%.

UK government outlines policies in Queen's Speech

15 Oct 2019

On 14 October, the UK government laid out its policies on trade, crime, the environment and Brexit in the Queen's Speech.

Chancellor announces post-Brexit Budget date

14 Oct 2019

Chancellor Sajid Javid has announced that he will deliver the 2019 Autumn Budget on Wednesday 6 November.

'Lessons must be learned' from loan charge controversy, states ICAEW

11 Oct 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that 'lessons must be learned' from the controversy surrounding the loan charge.

OECD considering plans to tax tech giants' profits by jurisdiction

10 Oct 2019

Large multinational tech companies would have to pay taxes in the jurisdictions where profits are generated under new tax proposals from the Organisation for Economic Co-operation and Development (OECD).

UK productivity suffers worst drop in five years

09 Oct 2019

Productivity in the UK fell at its fastest annual rate for five years during the second quarter of 2019, according to the Office for National Statistics (ONS).

UK small businesses 'concerned about impact of Brexit on supply chains'

08 Oct 2019

Research carried out by insolvency trade body R3 has suggested that a third of UK small businesses are concerned about the impact Brexit will have on their supply chains.

Banking crime cost over £600 million in first half of 2019

07 Oct 2019

Banking customers lost over £600 million to crime during the first half of 2019, according to data from industry group UK Finance.

UK 'on cusp of recession' after services sector shrinks

04 Oct 2019

The UK economy is 'on the cusp of recession' after the services sector suffered an unexpectedly sharp downturn last month, according to research from IHS Markit.

Inheritance tax 'could be scrapped', Chancellor hints

03 Oct 2019

Chancellor Sajid Javid has suggested that the government 'may be prepared' to scrap inheritance tax (IHT).

Chancellor pledges to increase National Living Wage to £10.50

02 Oct 2019

Chancellor Sajid Javid has pledged to raise the National Living Wage (NLW) to £10.50 within the next five years.

ATT calls for 'urgent clarity' on off-payroll working changes

01 Oct 2019

The Association of Taxation Technicians (ATT) has called for 'urgent clarity' on next April's changes to the off-payroll working rules.

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