Industry News

Government suspends scheme for naming employers who fail to pay NMW

20th June 2019

The government has suspended its scheme for naming employers who fail to pay the National Minimum Wage (NMW). Workers aged 25 or over and not in the first year...

Significant rise in number of data breach notifications since introduction of GDPR

19th June 2019

Research carried out by law firm Pinsent Masons has suggested that, since the introduction of the General Data Protection Regulation (GDPR) on 25 May 2018, there...

HMRC repays tax penalties worth £1.8 million to nearly 5,000 parents

18th June 2019

HMRC has now repaid £1.8 million in tax penalties to nearly 5,000 parents who were fined for failing to register for the High Income Child Benefit Charge. The...

Rise in rental costs ‘deterring young people from moving around country for jobs’

17th June 2019

Research carried out by think tank the Resolution Foundation has suggested that young people are ‘less likely to move around the country for a better job’...

ICAEW responds to government ‘off-payroll working rules’ Consultation

14th June 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) has responded to the government’s consultation in regard to the ‘off-payroll working...

Government tax investigations ‘taking three years to complete’, data suggests

13th June 2019

Data published by law firm Pinsent Masons has suggested that government tax investigations into large businesses are taking ‘three and a half years’...

What do you learn from working in tax for 40 years?

12th June 2019

How to put tax into perspective! A 50-strong audience assembled at the London Golf Club this morning to hear Terry Baldwin’s ‘swan song’ for  McBrides...

Business groups outline principles for UK trade policy

12th June 2019

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the Trades Union Congress (TUC) have set out...

Government Equalities Office ‘considering gender pay gap reporting for small firms’

11th June 2019

The Government Equalities Office has recommended extending the gender pay gap reporting initiative to include small and medium-sized enterprises (SMEs). Currently,...

Significant number of individuals ‘choosing to live cashless life’, research suggests

10th June 2019

Research carried out by trade association UK Finance has suggested that many individuals in the UK are choosing to live a ‘largely cashless life’. According...

DIT launches online tool for international investors

7th June 2019

The Department for International Trade (DIT) has launched an online tool to help potential international investors set up and expand their operations in the UK. The...

HMRC launches consultation on the operation of Insurance Premium Tax

6th June 2019

HMRC has launched a new consultation on how the administration and collection of Insurance Premium Tax (IPT) can be ‘modernised’. The consultation also...

OECD outlines timetable for reaching agreement on digital taxation of multinationals

5th June 2019

The Organisation for Economic Co-operation and Development (OECD) has outlined a new timetable for reaching an agreement on the digital taxation of multinational...

HMRC introduces new system to tackle scam phone calls

4th June 2019

HMRC has introduced a new system designed to prevent criminals from spoofing government helpline phone numbers. According to HMRC, criminals often use ‘official’...

FSB urges government to ‘push through late payments reform package’

3rd June 2019

The Federation of Small Businesses (FSB) has called for the government to ‘push through the late payments reform package’ announced in the 2019 Spring...

UK ‘can afford higher minimum wage’, states Resolution Foundation

31st May 2019

Commenting on the UK’s ‘low pay problem’, think tank the Resolution Foundation has stated that Britain ‘can afford an even higher minimum...

Research suggests data protection fines have ‘risen by 14% in a year’

30th May 2019

Research carried out by law firm RPC has suggested that the average data protection fine levied by the Information Commissioner’s Office (ICO) has risen by...

Investment Association calls for ‘greater transparency’ on dividends

29th May 2019

The Investment Association (IA) is urging businesses to ‘improve the transparency of their approach to paying dividends’. According to the IA, companies...

Banking code offering ‘increased protection from criminals’ takes effect

28th May 2019

From 28 May 2019, a new ‘banking code’ designed to offer consumers ‘increased protection from criminals’ takes effect. Consumer group Which?...

Millennials living in ‘relative poverty’, according to think tank

24th May 2019

A report published by think tank the Resolution Foundation has suggested that 22% of ‘millennials’ - those born between 1981 and 2000 - are living in...

MPs urge government to make ‘radical improvements’ to apprenticeship programme

23rd May 2019

MPs have urged the government to make ‘radical improvements’ to its apprenticeship programme, after finding that small employers are ‘missing out’...

Research suggests many individuals ‘unaware of IHT rules’ when gifting money

22nd May 2019

Research carried out by the Institute for Fiscal Studies (IFS) and the National Centre for Social Research (NCSR) has suggested that only 45% of individuals seeking...

OTS calls for review of PAYE system

21st May 2019

In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure tax agents can ‘see relevant...