Business News

Business News

Significant number of UK workers 'planning to become self-employed', research finds

16 Feb 2018

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future.

Bank of England survey suggests UK workers in line for pay rise

15 Feb 2018

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers.

Shared parental leave take-up ‘as low as 2%’, says government

14 Feb 2018

The Department for Business, Energy and Industrial Strategy (BEIS) has suggested that take-up of shared parental leave ‘could be as low as 2%’.

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

13 Feb 2018

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax (IHT) nil-rate band.

Government launches power of attorney fee refund scheme

12 Feb 2018

The Ministry of Justice (MoJ) has launched a refund scheme for those who may have been overcharged for power of attorney arrangements.

HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme

09 Feb 2018

HMRC has urged accountancy bodies to help it enlist willing businesses to take part in an upcoming Making Tax Digital for VAT (MTD for VAT) pilot scheme.

Research suggests lack of savings putting individuals 'at risk of financial hardship'

08 Feb 2018

Research carried out by banking group Aldermore has suggested that a lack of business savings is putting a strain on self-employed individuals in the UK.

Government outlines reforms in response to Taylor review of employment practices

07 Feb 2018

In response to Matthew Taylor's Review of Modern Working Practices, the government has outlined a series of reforms, designed to give 'flexible workers' new employment rights.

HMRC's VAT bill worth 21% of its total tax take, data reveals

06 Feb 2018

Data published by HMRC has revealed that VAT now accounts for 21% of the Revenue's overall tax take.

Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS

05 Feb 2018

Research carried out by the Institute for Fiscal Studies (IFS) has suggested that mothers working part-time jobs are receiving ‘long-term pay penalties’ as a direct result of the gender pay gap.

HMRC reveals 'record number' of taxpayers submitted tax returns before deadline

02 Feb 2018

A 'record number' of taxpayers submitted their self assessment tax returns before the 31 January deadline, HMRC has revealed.

Two thirds of businesses 'unprepared for GDPR', survey suggests

01 Feb 2018

A survey carried out by professional services firm EY has suggested that two thirds of businesses are 'unprepared' for the upcoming introduction of the General Data Protection Regulation (GDPR).

Chancellor commissions OTS to review inheritance tax rules

31 Jan 2018

Chancellor Philip Hammond has commissioned the Office of Tax Simplification (OTS) to review the UK's inheritance tax (IHT) regime, and outline ways in which the tax can be simplified.

Government self assessment letters ‘lack a sense of urgency’, research suggests

30 Jan 2018

Research carried out by Ipsos Mori on behalf of HMRC has suggested that self assessment tax return letters sent to taxpayers by the Revenue take ‘too long to get to the point’.

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