Business News

This section contains the latest business news stories.

05 Oct 2022

VAT businesses must be ready for Making Tax Digital filing by November

HMRC is reminding businesses that they will no longer be able to use their existing VAT online account to submit VAT returns from 1 November.

04 Oct 2022

British Business Bank lending now exceeds £12 billion

The British Business Bank (BBB) was supporting £12.2 billion of lending to over 96,000 businesses at the end of March 2022, according to its annual report.

03 Oct 2022

Government abandons plan to scrap 45p top rate of income tax

The government has abandoned its plan to abolish the 45% top rate of income tax due to the negative reaction it has received.

30 Sep 2022

HMRC receives thousands of complaints over tax repayments

An investigation carried out by investment service Moneybox has found that HMRC has received thousands of complaints from individuals in regard to companies claiming tax repayments on their behalf.

29 Sep 2022

HMRC raises late payment interest from 11 October

HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate.

28 Sep 2022

IMF criticises government over tax plans

Government tax-cutting measures are 'likely to exacerbate the UK's cost-of-living crisis', the International Monetary Fund (IMF) has warned.

27 Sep 2022

Pension regulator warns employers over auto enrolment duties

Employers are being warned to ensure they are complying with their ongoing automatic enrolment duties by the Pensions Regulator (TPR).

26 Sep 2022

Real Living Wage rises by 10% to £10.90 an hour

Nearly 400,000 workers at businesses that have volunteered to pay the Real Living Wage are set to get a record pay boost.

23 Sep 2022

2022 Mini Budget - the economic picture

Within his Mini Budget speech, Chancellor Kwasi Kwarteng outlined his vision for a 'new era for Britain' which will focus on driving economic growth.

23 Sep 2022

2022 Mini Budget - the business reaction

Business groups have reacted to Chancellor Kwasi Kwarteng's Mini Budget speech.

23 Sep 2022

2022 Mini Budget - the political reaction

Addressing the House of Commons, Chancellor Kwasi Kwarteng used the 2022 Mini Budget to announce a series of measures designed to boost UK economic growth and support businesses and households with the rising cost of living.

23 Sep 2022

2022 Mini Budget - what to expect

Chancellor Kwasi Kwarteng will deliver the Mini Budget today at 9:30am. We will keep you up to date on the key Mini Budget announcements and supply a summary, which will appear on our website.

23 Sep 2022

Chancellor uses Mini Budget to outline measures to boost economic growth

Chancellor Kwasi Kwarteng used the 2022 Mini Budget to announce measures to help boost UK economic growth.

22 Sep 2022

Think tank warns tax cuts 'likely to push borrowing and debt to unsustainable levels'

Think tank the Institute for Fiscal Studies (IFS) has warned the government that any tax cutting measures announced in the forthcoming Mini Budget are likely to push borrowing and debt to 'unsustainable levels'.

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