Almost two-thirds of over-50s will ‘retire later than expected’, survey suggests 14th August 2018 A survey carried out by insurance firm Aviva has found that 63% of over-50s in work are planning to retire later than they previously intended. Of the 2,497 people... Official figures reveal boost in UK economic growth 13th August 2018 Figures published by the Office for National Statistics (ONS) have revealed a boost in UK economic growth. The UK economy grew by 0.4% in the three months to June,... CIOT welcomes MTD for VAT ‘soft landing’ concession for taxpayers 10th August 2018 The Chartered Institute of Taxation (CIOT) has welcomed the legal status given to the Making Tax Digital for VAT (MTD for VAT) ‘soft landing’ period,... Survey suggests mental health becoming ‘less taboo’ in UK workplaces 9th August 2018 A survey carried out by the British Chambers of Commerce (BCC) and insurer Aviva has suggested that discussing mental health in the workplace is becoming ‘less... HMRC urges taxpayers to declare offshore assets 8th August 2018 HMRC is urging UK taxpayers to declare foreign income or profits on offshore assets ahead of the 30 September 2018 Requirement to Correct (RTC) disclosure deadline. The... Extend gender pay gap reporting to include small firms, urges Committee 7th August 2018 A report published by the Business, Energy and Industrial Strategy (BEIS) Committee has stated that the gender pay gap reporting initiative should be extended to... IoD states UK businesses ‘left in the dark’ in regard to Brexit plans 6th August 2018 The Institute of Directors (IoD) has stated that UK businesses have been ‘left in the dark’ in regard to the government’s Brexit plans. An IoD... Business groups respond to interest rates rise 3rd August 2018 Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded... Bank of England seeks to take heat out of the economy with rate rise 2nd August 2018 As expected, the Bank of England governor Mark Carney today announced an interest rate of 0.75%, an increase of 0.25%. Nick Paterno, managing partner of McBrides... Official data reveals ‘record amount’ of inheritance tax collected by HMRC 2nd August 2018 Official figures have revealed that HMRC collected a ‘record amount’ of inheritance tax (IHT) in the 2017/18 tax year. IHT receipts totalled £5.2... Brexit will ‘hurt UK and EU member state economies’, warns IMF 1st August 2018 The International Monetary Fund (IMF) has warned that Brexit will adversely affect the UK economy, alongside the economies of EU member states. In a recently published... New review to consider the impact of ‘cashless technology’ 31st July 2018 An independent review has been set up to examine the impact and implications of using new technology to make payments over the course of the next five to 15 years. The... ‘One in twelve workers’ not taking full holiday entitlement 30th July 2018 With the holiday season now in full swing, a recent study has suggested that over a million employees do not currently take their full holiday entitlement. In addition,... Treasury Committee calls for reformation of tax relief on pensions 27th July 2018 In a new report, the Treasury Committee has called for the government to reform tax relief on pensions. The Committee reviewed the current state of UK household... BCC urges HMRC to ‘cut the complexity’ associated with tax administration 26th July 2018 The British Chambers of Commerce (BCC) has urged HMRC to ‘reverse the burden and complexity’ associated with tax administration and compliance. A survey... Keep workplaces cool during heatwave, TUC urges employers 25th July 2018 The Trades Union Congress (TUC) has urged employers to keep their workplaces cool during the heatwave, and to be lenient with their employees in regard to dress... HMRC launches new consultation on pensions cold calling ban 24th July 2018 Following a previous consultation on the matter, HMRC has launched a new technical consultation on draft proposals to ban pensions cold calling. During the 2016... Investment in innovation needed to ‘help boost SME productivity’, states FSB 23rd July 2018 The Federation of Small Businesses (FSB) has urged the government to invest in innovation in order to help ‘boost productivity’ amongst small and medium-sized... ‘Record amount’ of tax collected by HMRC 20th July 2018 A ‘record amount’ of tax has been collected by HMRC, official data has revealed. The data showed that, in the year to April 2018, HMRC collected a total... OBR warns tax rises will be required to fund health service spending 19th July 2018 In its latest Fiscal Sustainability Report (FSR), the Office for Budget Responsibility (OBR) has warned that tax rises or spending cuts will be required in order... Business confidence ‘reaches two-year high’, research suggests 18th July 2018 Research carried out by Lloyds Bank has revealed that confidence amongst UK firms has ‘reached a two-year high’. The Bank’s confidence index rose... FRC publishes new Corporate Governance Code 17th July 2018 The Financial Reporting Council (FRC) has published a revised Corporate Governance Code, which ‘emphasises the importance of positive relationships between... Government urged to ‘pick up the pace’ in regard to Apprenticeship Levy reform 16th July 2018 The Confederation of British Industry (CBI) has urged the government to ‘pick up the pace’ in regard to its reform of the Apprenticeship Levy initiative. Introduced...
