Business News

24 Sep 2021

Making Tax Digital for Income Tax self assessment delayed for a year

The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax self assessment (MTD for ITSA) for a year, HMRC has announced.

23 Sep 2021

IoD urges government to reduce planned level of business tax rises

The Institute of Directors (IoD) is urging the government to use the upcoming Budget to reduce the planned level of business tax rises.

22 Sep 2021

British Business Bank provided £81.5 billion of COVID-19 support

Coronavirus (COVID-19) emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year.

21 Sep 2021

CBI survey finds three quarters of firms worried about labour shortages

A survey carried out by the Confederation of British Industry (CBI) has revealed that three quarters of UK businesses are concerned about the impact of labour shortages on competitiveness.

20 Sep 2021

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

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.

17 Sep 2021

OTS says changing date of tax year end would be beneficial

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).

16 Sep 2021

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

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.

15 Sep 2021

Inflation sees sharpest increase on record

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

14 Sep 2021

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

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

13 Sep 2021

Thousands of teenagers missing out on Child Trust Fund cash

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

10 Sep 2021

1.6 million still on furlough in July

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.

09 Sep 2021

Chancellor to deliver Autumn 2021 Budget on 27 October

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

08 Sep 2021

Business groups warn over tax increases

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.

07 Sep 2021

Staff shortages could continue for two years, warns CBI

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.

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