Business News

17 Oct 2019

HMRC to give importers no-deal Brexit 'breathing space'

HMRC intends to give importers up to six months to submit customs declarations and pay import duties in the event of a no-deal Brexit on 31 October.

16 Oct 2019

HMRC data reveals significant rise in number of R&D tax credit claims

Figures published by HMRC have revealed that the total number of claims for R&D tax credits has increased by 20%.

15 Oct 2019

UK government outlines policies in Queen's Speech

On 14 October, the UK government laid out its policies on trade, crime, the environment and Brexit in the Queen's Speech.

14 Oct 2019

Chancellor announces post-Brexit Budget date

Chancellor Sajid Javid has announced that he will deliver the 2019 Autumn Budget on Wednesday 6 November.

11 Oct 2019

'Lessons must be learned' from loan charge controversy, states ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that 'lessons must be learned' from the controversy surrounding the loan charge.

10 Oct 2019

OECD considering plans to tax tech giants' profits by jurisdiction

Large multinational tech companies would have to pay taxes in the jurisdictions where profits are generated under new tax proposals from the Organisation for Economic Co-operation and Development (OECD).

09 Oct 2019

UK productivity suffers worst drop in five years

Productivity in the UK fell at its fastest annual rate for five years during the second quarter of 2019, according to the Office for National Statistics (ONS).

08 Oct 2019

UK small businesses 'concerned about impact of Brexit on supply chains'

Research carried out by insolvency trade body R3 has suggested that a third of UK small businesses are concerned about the impact Brexit will have on their supply chains.

07 Oct 2019

Banking crime cost over £600 million in first half of 2019

Banking customers lost over £600 million to crime during the first half of 2019, according to data from industry group UK Finance.

04 Oct 2019

UK 'on cusp of recession' after services sector shrinks

The UK economy is 'on the cusp of recession' after the services sector suffered an unexpectedly sharp downturn last month, according to research from IHS Markit.

03 Oct 2019

Inheritance tax 'could be scrapped', Chancellor hints

Chancellor Sajid Javid has suggested that the government 'may be prepared' to scrap inheritance tax (IHT).

02 Oct 2019

Chancellor pledges to increase National Living Wage to £10.50

Chancellor Sajid Javid has pledged to raise the National Living Wage (NLW) to £10.50 within the next five years.

01 Oct 2019

ATT calls for 'urgent clarity' on off-payroll working changes

The Association of Taxation Technicians (ATT) has called for 'urgent clarity' on next April's changes to the off-payroll working rules.

30 Sep 2019

Bank of England hints at interest rate cut

The Bank of England (BoE) may cut interest rates in the near future if the uncertainty around Brexit continues, according to economist Michael Saunders, who is a member of the Monetary Policy Committee (MPC).

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