Business News

Business News

First Plastic Packaging Tax returns due this month

05 Jul 2022

Businesses that are now liable for the Plastic Packaging Tax (PPT) will need to file their first returns this month.

Millions hit with three-hour broadband outages during last year

04 Jul 2022

Almost 11 million consumers have suffered a broadband blackout lasting more than three hours over the last year, according to data from Uswitch.

BCC warns of 'perfect storm' of increasing costs

01 Jul 2022

The UK's businesses are facing a perfect storm of increasing costs and time is running out for the government to act, the British Chambers of Commerce (BCC) has warned.

HMRC urges families to make use of Tax-Free Childcare scheme

30 Jun 2022

HMRC is reminding families not to miss out on the financial support offered by its Tax-Free Childcare (TFC) scheme.

Ombudsman calls for swift action for victims of 'authorised scams'

29 Jun 2022

The Financial Ombudsman Service recently published its annual complaints data for the 2021/22 financial year and found that complaints about 'authorised scams' increased by a fifth.

FSB urges government to learn regulatory lessons from COVID pandemic

28 Jun 2022

The Federation of Small Businesses (FSB) has urged the government to 'lean lessons from the implementation of coronavirus (COVID-19) health measures' to generate a regulatory business environment that steers away from recession.

Paper £20 and £50 notes to be withdrawn from circulation by end of September

27 Jun 2022

The Bank of England (BoE) has reminded the public that it will be withdrawing the legal tender status of paper £20 and £50 banknotes after 30 September 2022.

Tax gap remains steady at 5.1%

24 Jun 2022

The estimated tax gap for the 2020/21 tax year is 5.1% - the second lowest recorded percentage - and is unchanged from the previous year, according to the latest data from HMRC.

UK outlines plans to tighten 'buy now pay later' rules

23 Jun 2022

The UK government has announced plans to strengthen rules on 'buy now pay later' services, improving protection for users of the short-term credit.

Inflation hits 40-year high of 9.1% amid cost-of-living crisis

22 Jun 2022

UK inflation has risen to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to the latest data from the Office of National Statistics (ONS).

Manufacturers call for support package

21 Jun 2022

Manufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures.

MTD for income tax pilot extended

20 Jun 2022

HMRC is extending the pilot for Making Tax Digital for income tax self assessment (MTD ITSA) to more self-employed workers and landlords.

Bank of England raises UK interest rates to 13-year high of 1.25%

17 Jun 2022

The Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again.

IoD launches new inquiry into governance arrangements and framework

16 Jun 2022

The Institute of Directors (IoD) has launched a new inquiry to analyse how good corporate governance can drive innovation.

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