Business News

This section contains the latest business news stories.

18 Feb 2020

Low take-up of TFC linked to poor understanding of scheme

Research commissioned by HMRC has suggested that low take-up of the Tax-Free Childcare (TFC) scheme is linked to a 'poor understanding' of the initiative.

17 Feb 2020

Small landlords exiting buy-to-let market

Smaller landlords are exiting the buy-to-let market following cuts to tax relief, according to research from estate agency Hamptons International.

14 Feb 2020

Rishi Sunak appointed as new Chancellor

Rishi Sunak has been appointed as Chancellor of the Exchequer following the surprise resignation of Sajid Javid on 13 February.

13 Feb 2020

Flat growth 'should be a warning to government' ahead of Budget, states FSB

The Federation of Small Businesses (FSB) has stated that flat economic growth should serve as a wake-up call to the government ahead of the 2020 Budget.

12 Feb 2020

HMRC carries out fewer dawn raids

The number of dawn raids carried out by HMRC on individuals and businesses dropped last year, according to data published by law firm Pinsent Masons.

11 Feb 2020

CBI publishes Budget wishlist

The Confederation of British Industry (CBI) has published its wishlist ahead of the 2020 Budget, which will be delivered on Wednesday 11 March.

10 Feb 2020

HMRC announces off-payroll changes will not be applied retrospectively

HMRC has announced that changes to the off-payroll rules will only apply to payments made for services provided on or after 6 April 2020.

07 Feb 2020

Finance Minister for Scotland outlines tax plans in Scottish Budget

On 6 February, Public Finance Minister for Scotland, Kate Forbes, outlined plans for Scottish taxation and spending in the 2020/2021 Scottish Budget.

06 Feb 2020

Budget 'must address skills shortages' to boost UK growth, says BCC

The British Chambers of Commerce (BCC) has called for Chancellor Sajid Javid to use next month's Budget to address 'critical skills shortages' in order to 'level up' UK economic growth.

05 Feb 2020

UK business confidence bounces back in January

According to a survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW), UK business confidence bounced back in January after the election of a majority government saw political uncertainty recede.

04 Feb 2020

Over 950,000 taxpayers miss self assessment deadline

The number of taxpayers who missed the self assessment deadline rose to 958,296 this year, according to data published by HMRC.

03 Feb 2020

Company insolvencies increase to highest level since 2013

According to data from the Insolvency Service, during 2019 the total number of company insolvencies in England and Wales rose to its highest level since 2013.

31 Jan 2020

Chancellor raises NIC threshold to £9,500

The Chancellor of the Exchequer, Sajid Javid, has raised the threshold at which taxpayers start to pay national insurance contributions (NICs) to £9,500 a year.

30 Jan 2020

MTD for VAT proving costly and failing to reduce errors

The implementation of Making Tax Digital for VAT (MTD for VAT) has proved costly and has failed to reduce errors, according to a survey by the Chartered Institute of Taxation (CIOT) and the Association of Taxation Technicians (ATT).

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