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Almost two-thirds of over-50s will ‘retire later than expected’, survey suggests image

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 image

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 image

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 image

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 image

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 image

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 image

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 image

‘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 image

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 image

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 image

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 image

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 image

‘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 image

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 image

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 image

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...