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Lowering VAT threshold would put SMEs at a disadvantage, FSB warns image

Lowering VAT threshold would put SMEs at a disadvantage, FSB warns

20th November 2017

The Federation of Small Businesses (FSB) has warned that lowering the VAT threshold would ‘drain small businesses of time and money’. The FSB stated...

TUC urges Chancellor to use Autumn Budget to ‘end wage squeeze’ image

TUC urges Chancellor to use Autumn Budget to ‘end wage squeeze’

17th November 2017

The Trades Union Congress (TUC) has urged Chancellor Philip Hammond to use next week’s Autumn Budget to put an end to the ‘wage squeeze’ currently...

Government delays Tax-Free Childcare scheme for parents of older children image

Government delays Tax-Free Childcare scheme for parents of older children

16th November 2017

The Government has delayed its new Tax-Free Childcare scheme for parents of children aged between seven and 12. Under the initiative, tax relief of up to 20% is...

Paper £10 notes set to be demonetised image

Paper £10 notes set to be demonetised

15th November 2017

The Bank of England (BoE) has announced that paper £10 notes will cease to be legal tender in England and Wales after 1 March 2018. Paper £10 notes...

Fraud costs UK £190 billion per annum, data suggests

14th November 2017

Data published by credit service agency Experian has suggested that fraudulent activity now costs the UK £190 billion per year. The Annual Fraud Indicator...

CBI urges UK businesses to adopt ‘readily available technologies’

13th November 2017

In a new report, the Confederation of British Industry (CBI) has urged UK businesses to adopt ‘tried and tested’ technologies in order to help reduce...

Chancellor urged to remove age-related tax inequalities in Autumn Budget image

Chancellor urged to remove age-related tax inequalities in Autumn Budget

10th November 2017

In a new report, think tank the Resolution Foundation has urged Chancellor Philip Hammond to tackle age-related tax inequalities in the upcoming Autumn Budget. The...

Bank of England survey indicates pay growth set to surge in 2018 image

Bank of England survey indicates pay growth set to surge in 2018

9th November 2017

A survey carried out by the Bank of England (BoE) has indicated that wage growth is set to accelerate in 2018 as businesses begin to increase wages amid recruitment...

OTS publishes recommendations for simplifying VAT image

OTS publishes recommendations for simplifying VAT

8th November 2017

In a new report, the Office of Tax Simplification (OTS) has outlined a range of measures intended to help simplify VAT. The OTS stated that the tax has become “highly...

Business confidence low despite rise in profits, ICAEW finds

7th November 2017

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that confidence levels amongst UK businesses are below zero,...

FSB responds to government’s decision to delay abolition of Class 2 NICs image

FSB responds to government’s decision to delay abolition of Class 2 NICs

6th November 2017

The Federation of Small Businesses (FSB) has responded to the government’s decision to delay the abolition of Class 2 national insurance contributions (NICs),...

Interest rates rise for first time in a decade

2nd November 2017

The Bank of England raised the Bank Rate to 0.5pc today; this watershed moment heralds the first rate rise in more than a decade. Commenting on today’s interest...

Brexit vote ‘has cost UK households £600 per year’, data suggests

2nd November 2017

A study carried out by think tank the National Institute of Economic and Social Research (NIESR) has suggested that the Brexit referendum has ‘cost UK households...

FCA finds more than a fifth of individuals ‘failing to report investment scams’ image

FCA finds more than a fifth of individuals ‘failing to report investment scams’

1st November 2017

A survey conducted by the Financial Conduct Authority (FCA) has revealed that more than a fifth of individuals who were contacted in regard to a fraudulent investment...

TUC finds ‘market volatility’ could cost pension savers image

TUC finds ‘market volatility’ could cost pension savers

31st October 2017

A study commissioned by the Trades Union Congress (TUC) has revealed that volatility in the pensions market could cause those saving for retirement to lose up to...

Chancellor ‘may have to abandon deficit target’ in upcoming Budget, IFS states image

Chancellor ‘may have to abandon deficit target’ in upcoming Budget, IFS states

30th October 2017

In a new report, the Institute for Fiscal Studies (IFS) has stated that Chancellor Philip Hammond may be required to abandon his target for eliminating the deficit...

Gender pay gap ‘narrows to record low’, data suggests image

Gender pay gap ‘narrows to record low’, data suggests

27th October 2017

Data published by the Office for National Statistics (ONS) has revealed that the gender pay gap for full-time employees has ‘fallen to its lowest level’...

Moderate growth in UK economy sparks interest rate rise concerns

26th October 2017

Data published by the Office for National Statistics (ONS) has revealed that the UK economy grew at a faster pace than expected in the three months to September...

PAC urges HMRC to take action on online VAT fraud image

PAC urges HMRC to take action on online VAT fraud

25th October 2017

In a new report, the Public Accounts Committee (PAC) has urged HM Revenue & Customs (HMRC) to take steps to combat online VAT fraud in the UK. In its report,...

‘Immediate action’ required to stop business rates increases, BCC warns government image

‘Immediate action’ required to stop business rates increases, BCC warns government

24th October 2017

In its Autumn Budget submission, the British Chambers of Commerce (BCC) has warned the Chancellor that ‘immediate action’ is required to ensure that...

Businesses and government ‘must adopt cutting-edge technologies’ says CBI

23rd October 2017

In a new report, the Confederation of British Industry (CBI) has called for UK firms and the government to adopt new ‘cutting-edge technologies’, such...