Business News

This section contains the latest business news stories.

20 Jul 2018

'Record amount' of tax collected by HMRC

A 'record amount' of tax has been collected by HMRC, official data has revealed.

19 Jul 2018

OBR warns tax rises will be required to fund health service spending

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 to fund planned increases in the NHS budget.

18 Jul 2018

Business confidence 'reaches two-year high', research suggests

Research carried out by Lloyds Bank has revealed that confidence amongst UK firms has 'reached a two-year high'.

17 Jul 2018

FRC publishes new Corporate Governance Code

The Financial Reporting Council (FRC) has published a revised Corporate Governance Code, which 'emphasises the importance of positive relationships between companies, shareholders and stakeholders'.

16 Jul 2018

Government urged to 'pick up the pace' in regard to Apprenticeship Levy reform

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.

13 Jul 2018

Business groups respond to publication of Brexit White Paper

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the government's recent publication of its Brexit White Paper.

12 Jul 2018

UK pensioners 'pay an average annual tax bill of £3,500', research reveals

An analysis carried out by insurer Royal London has revealed that the average annual tax bill for taxpayers over the state pension age totals £3,522.

11 Jul 2018

Committee raises concerns over impact of business rates on UK firms

The Treasury Committee has expressed concerns in regard to the impact of the UK's current business rates system on firms.

10 Jul 2018

HMRC tax investigations into SMEs are 'too intensive'

New research commissioned by HMRC has revealed that more than half of small and medium-sized enterprises (SMEs) believe that HMRC's tax investigations are 'too intensive'.

09 Jul 2018

Government publishes Finance Bill 2018-19 draft legislation

The government has published draft legislation for Finance Bill 2018-19.

06 Jul 2018

New fund launched to 'increase productivity' amongst SMEs

The government has launched a new £8 million 'Business Basics Fund', with the stated aim of helping small and medium-sized enterprises (SMEs) in England to improve their productivity.

05 Jul 2018

UK businesses must prepare for 'no deal' Brexit, warns ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that businesses in the UK must prepare for a 'no deal' Brexit.

04 Jul 2018

Couples urged to claim free tax break

HMRC is urging eligible married couples and civil partners to claim a free tax break worth up to £238 per year, as official data suggests that more than a million couples are 'missing out'.

03 Jul 2018

HMRC 'saves consumers more than £2.4 million' in its fight against cybercrime

Newly-published figures have revealed that HMRC has 'saved the public over £2.4 million' by tackling fraudsters who trick consumers into using premium rate phone numbers for services that are supplied for free by HMRC.

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