News
Web economy 'will double by 2016'
The value of the web economy in G20 member countries is set to almost double by 2016, a new report has suggested.
Feb 1, 2012, 10:44
Think tank wants further corporation tax cuts in upcoming Budget
The Chancellor George Osborne is being urged to consider further cuts to corporation tax in a bid to boost economic growth.
Feb 1, 2012, 10:43
Pension auto-enrolment delayed for small firms
Small firms will be given longer to comply with the new pension auto-enrolment rules because of the tough economic climate, the Government has announced.
Feb 1, 2012, 10:40
'There's a business in everyone', says Cameron
The Government has unveiled a new campaign aimed at encouraging people to start or grow their own business.
Jan 25, 2012, 11:33
Government 'must do more' to boost small business job creation
Some of the UK’s leading business groups are urging the Government to take action to help small businesses to create job opportunities, as recent research suggests that firms are looking to shed further positions.
Jan 25, 2012, 11:31
Government launches multi-million pound retirement campaign
The Government has launched a multi-million pound media campaign to encourage individuals to save more for their retirement.
Jan 25, 2012, 11:28
Retirement income expected to fall in 2012
More than £3,000 has been wiped off the value of pension pots in the past four years, according to a new report by Prudential insurance.
Jan 19, 2012, 10:57
Revenue issues crackdown on post-cessation trade relief
HM Revenue & Customs (HMRC) has introduced new legislation to block a scheme involving post-cessation trade relief, with immediate effect.
Jan 19, 2012, 10:53
Clegg launches employee ownership plan
Plans to cut red tape and introduce tax breaks for employee-owned companies have been unveiled by the Deputy Prime Minister Nick Clegg.
Jan 19, 2012, 10:50
Government pledges crackdown on 'health and safety culture'
The Government has vowed to remove 'pointless' and 'time-wasting' health and safety legislation during the course of 2012, which it says has led to a culture of fear amongst businesses.
Jan 13, 2012, 12:47
Speculation mounts over future of 50p tax rate
There is growing speculation over the future of the 50p income tax rate after the Prime Minister signalled that the rate is unlikely to be scrapped during the course of the parliament.
Jan 12, 2012, 10:00
Taxpayers warned over fake rebate emails as deadline looms
Taxpayers are being urged not to respond to a series of new tax rebate 'phishing' emails being sent by fraudsters, ahead of the 31 January Self Assessment Tax Return deadline.
Jan 12, 2012, 09:58
Government urged to act on employment law burden
Ministers are being urged to do more to ease the regulatory burden on micro firms after some business groups criticised the Government's moratorium on employment law.
Jan 13, 2012, 12:46
Business records check programme 'under review'
HMRC is to carry out a review of its business records checks programme after the initiative was criticised by business groups and MPs.
Jan 5, 2012, 12:59
Business groups issue New Year message
As 2012 gets underway, the UK's leading business groups have called for a number of measures to help support small businesses and boost the economy in the coming months. Recognising the difficulties faced by businesses in 2011, and predicting further c
Jan 13, 2012, 12:46
Planning for a prosperous 2012
The coming of the New Year is traditionally a time to take a step back and reflect on the months gone by, and to make plans for the year ahead.
Jan 5, 2012, 12:53
Deadline looming for the Self Assessment Tax Return
31 January 2012 marks the deadline for filing the 2011 Self Assessment Tax Return with HM Revenue & Customs (HMRC).
Jan 5, 2012, 12:51
High Street set for welcome Christmas bonus
The UK's High Streets are set to receive a much-needed boost this month, with a recent survey reporting the first positive performance since May.
Jan 5, 2012, 12:50
New taskforce seeks to 'diversify business finance'
Business groups have welcomed the introduction of a new industry-led Taskforce which will seek to boost the finance options accessible to UK firms.
Jan 5, 2012, 12:48
Employment tribunal fees 'will boost business'
The Government has launched a consultation on its proposals to introduce a system of fees for individuals who wish to raise a case in an employment tribunal.
Jan 5, 2012, 12:46
MPs criticise HMRC's 'cosy relationships' with big business
HM Revenue & Customs (HMRC) has been accused of enjoying 'unduly cosy' relationships with big businesses, following the revelation that there remains more than £25 billion worth of unresolved tax issues with major companies.
Jan 5, 2012, 12:41
Revenue confirms all businesses must file VAT online
HM Revenue & Customs (HMRC) has confirmed that with effect from 1 April 2012, all VAT-registered businesses must file their VAT returns online and make payments electronically.
Dec 15, 2011, 13:20
Small business group calls for 'adequate broadband access for all'
The Federation of Small Businesses (FSB) is calling on the Government to ensure that its broadband policy will allow all small firms access to adequate broadband facilities.
Dec 15, 2011, 13:19
Tutors and coaches urged to disclose unpaid tax
HM Revenue & Customs (HMRC) has issued a reminder to individuals wishing to take part in its new Tax Catch Up Plan.
Dec 15, 2011, 13:18
Number of business closures hits record levels
A record number of UK businesses were forced to close last year, new figures have revealed.
Dec 15, 2011, 13:16
New rules to help ISA investors hit by collapse of financial firm
Plans to enable investors to 'top-up' ISA savings lost in the collapse of a financial firm have been outlined by the Treasury.
Jan 13, 2012, 12:46
Businesses given one month to comply with VAT rules
Those businesses that should be registered for VAT, but have failed to register with HM Revenue & Customs (HMRC), have been given until the end of the month to complete the registration process.
Dec 15, 2011, 13:11
The Autumn Statement: welfare benefits
The Chancellor made a number of announcements relating to welfare benefits in his 2011 Autumn Statement.
Nov 30, 2011, 16:06
2011 Autumn Statement: the political reaction
Opposition politicians and public bodies have given mixed reactions to Chancellor George Osborne's 2011 Autumn Statement.
Nov 30, 2011, 16:04
Business reacts to Autumn Statement announcements
The UK's leading business organisation, the Confederation of British Industry (CBI), has given a broad welcome to the 2011 Autumn Statement, which it has described as the Government's 'Plan A Plus' in all but name.
Nov 30, 2011, 16:02
Chancellor vows to 'protect against the debt storm'
With the latest report from the Office for Budget Responsibility painting a sombre outlook for the UK economy, Chancellor George Osborne has vowed that the Government will do whatever it takes to protect against 'the sovereign debt storm'.
Nov 30, 2011, 16:00
New 'small claims' service for intellectual property cases
The Government has confirmed its plans to introduce a new small claims service at the Patents County Court, in order to simplify the system for small and medium-sized businesses (SMEs) that wish to enforce their intellectual property rights, while red
Nov 30, 2011, 15:46
Cameron outlines strategy for growth but warns of 'tough times ahead'
The Prime Minister David Cameron has outlined the Government's strategy for growth, conceding that Britain faces challenging economic times ahead.
Nov 30, 2011, 15:44
Business groups react to 'radical employment law reform'
The Government has unveiled a series of sweeping changes to employment law, which will make it more difficult for workers to raise a claim against their employer for unfair dismissal, and easier for employers to 'hire and fire' their staff.
Nov 30, 2011, 15:43
Online shoppers warned of unexpected tax bill
Online shoppers have been warned that they could face an unexpected tax bill when ordering gifts from outside the EU.
Nov 30, 2011, 15:39
Small business group welcomes new 'Finance Fitness' scheme
The Forum of Private Business (FPB) has welcomed the Government's new Finance Fitness initiative, which aims to improve the finance and cash flow issues faced by small businesses.
Nov 30, 2011, 15:37
Government unveils plans for simpler personal taxes
The Government has launched a new consultation setting out its vision for a simpler and more transparent personal tax system.
Nov 30, 2011, 15:36
Further changes to VAT relief 'in the pipeline'
The Treasury is investigating further changes to VAT relief on goods imported from outside the EU, it has revealed.
Nov 30, 2011, 15:26
Calls for extension to national insurance 'holiday' scheme
The Government is being urged to extend the scope of its regional employer national insurance (NIC) 'holiday' scheme, as figures reveal continuing low levels of take-up by small businesses.
Nov 30, 2011, 15:24
Small businesses 'hit by record levels of late payment'
The UK's late payment culture is getting worse, with the amount owed to small and medium- sized enterprises reaching record levels, a new report has revealed.
Jan 13, 2012, 12:46
Small business group calls for energy price regulation
Small businesses are struggling to deal with spiralling inflation, with rising energy costs proving the most damaging, according to a new report from the Forum of Private Business (FPB).
Nov 30, 2011, 15:17
Give firms a tax break for hiring jobless young, urges CBI
UK firms should be given a tax incentive for taking on jobless young people as part of a range of measures to curb rising youth unemployment, according to a leading business group.
Nov 30, 2011, 15:09
New Junior ISA is launched
An estimated six million children are now eligible for a new Junior ISA following the launch of the tax-free savings account on 1 November.
Nov 30, 2011, 15:05
Leaked report calls for unfair dismissal rules to be scrapped
The unfair dismissal rules should be scrapped to make it easier for employers to sack unproductive workers, a leaked Government report suggests.
Nov 30, 2011, 15:01
Paper Tax Return deadline looming
Taxpayers only have a few days to file their Tax Return on paper without incurring a penalty.
Nov 30, 2011, 14:57
Call to boost support for 'forgotten army' of medium-sized firms
The Confederation of British Industry (CBI) has called on the Government to provide more support to the UK's 'forgotten army' of medium-sized businesses.
Nov 30, 2011, 14:55
Business calls for manufacturing boost ahead of Autumn Statement
The UK's leading manufacturers' organisation, the EEF, has called on the Government to introduce urgent measures to help boost business growth, including tax cuts and industry incentives, in next month's Autumn Statement.
Oct 19, 2011, 17:10
'Millions of taxpayers' set for rebate
As many as six million taxpayers will be entitled to a tax rebate in the coming months, with an average value of £400, HM Revenue & Customs (HMRC) has confirmed.
Oct 19, 2011, 17:08
Second rise in state pension age delayed by six months
The Government has delayed its plans to increase the state pension age to 66, following concerns that many thousands of women will have to wait longer to collect their pensions.
Oct 19, 2011, 17:05
Government launches new online patent service
The Intellectual Property Office (IPO) has launched a new online patent information system, which could save businesses nearly £100,000 a year.
Oct 19, 2011, 17:03
Record number of fines issued to late filers
The number of fines issued for late Tax Returns has reached a record high, according to recent press reports.
Oct 19, 2011, 16:59
Business calls for tax incentives to boost private lending
The Government is being urged to cut taxes for private lenders and equity investors in a bid to increase the flow of credit to small firms.
Oct 19, 2011, 16:53
'Urgent action' needed to boost creative industries skills gap
The Confederation of British Industry (CBI) is calling for urgent action to be taken to boost the UK creative industries sector.
Sep 29, 2011, 15:58
Warning of 'soar' in fake HMRC phishing emails
HM Revenue and Customs has reported a 300% rise in fraudulent 'phishing' emails over the past year, with over 24,000 scam emails reported to HMRC in August alone.
Sep 29, 2011, 15:56
HMRC closes the 'tax gap'
The difference between the amount of tax that should in theory be collected by HMRC and what actually is collected - known as the 'tax gap' - has fallen by £4 billion.
Sep 29, 2011, 15:47
New guidance on minimum wage for work experience staff
The Government has issued new guidance for businesses who offer work experience, placements and internships, designed to clarify when someone is entitled to the National Minimum Wage (NMW).
Sep 29, 2011, 15:43
IFS calls for radical overhaul of the UK tax system
The Institute for Fiscal Studies (IFS) - a leading financial think tank - has published a review which calls for radical reform of the UK tax system, including abolishing fuel duty and stamp duty, expanding VAT and fully integrating National Insurance and
Sep 29, 2011, 15:39
HMRC issues reminder on new Self Assessment penalties
HM Revenue & Customs has issued a reminder about the new Self Assessment penalties for late returns and late payments, which come into effect this autumn and apply to returns for 2010/11, and all future financial years.
Sep 29, 2011, 15:31
Autumn Statement date is announced
The Chancellor George Osborne will make his Autumn Statement on 29 November, the Treasury has announced.
Sep 16, 2011, 10:23
ICB report calls for major reform of banking structure
The Independent Commission on Banking (ICB), backed by the Government and led by Sir John Vickers, has concluded that banks should ring-fence their retail banking divisions from their riskier 'casino' investment banking operations, to protect customer
Sep 16, 2011, 10:21
50p tax rate "may not raise any extra revenue" claims
The Institute for Fiscal Studies (IFS) has found that the 50p tax rate for Britain's highest earners may not raise any extra revenue for the Treasury and could actually reduce it, according to a report by the Sunday Times, as wealthy Britons either move a
Sep 16, 2011, 10:18
Recession fuels decline in pension contributions
The number of people saving into a pension scheme has dropped by almost a half during the past two decades, new figures have shown.
Sep 16, 2011, 10:15
Gender pay gap 'could take 98 years to close'
The gender pay gap between men and women could take nearly 100 years to close, according to recent estimations.
Aug 31, 2011, 13:49
More shops left empty as consumer numbers fall
More than 10% of shops in towns and cities across the UK were vacant at the end of May, latest figures have revealed.
Aug 31, 2011, 13:46
Small firms could benefit from simpler reporting requirements
Up to five million small businesses could benefit from simplified reporting requirements if Government plans are given the go-ahead.
Aug 31, 2011, 13:45
Cameron pledges to support business as latest enterprise zones revealed
The Government has announced the locations of 11 new enterprise zones in England in a bid to boost local economies.
Aug 30, 2011, 23:14
Household finances 'worse than in the recession'
Household finances are declining at their fastest pace since the height of the recession in February 2009, new research suggests.
Aug 30, 2011, 23:12
Cheque payments need to be improved, say MPs
A Committee of MPs has called for improvements to be made to cheques, including reducing the 'delays and uncertainty' surrounding cheque payments
Aug 30, 2011, 23:10
HMRC proposes to move more VAT filing online
HM Revenue and Customs has launched a consultation on the next steps for moving VAT online.
Aug 30, 2011, 23:06
Chancellor confirms 50p tax rate 'under review'
The Chancellor George Osborne has confirmed that HMRC is reviewing the 50% top rate of income tax, fuelling speculation that the rate will be scrapped next year.
Aug 30, 2011, 23:04
Government closes capital allowances loophole
The Government has brought forward the closure of a loophole which allowed businesses to accelerate capital allowances claims for plant and machinery and obtain advantageous early tax relief.
Aug 30, 2011, 23:01
Flexible working plans 'could undermine deregulatory drive'
Plans to extend the right to request flexible working to all employees could undermine the Government's efforts to tackle red tape, a leading business group has claimed.
Aug 10, 2011, 15:09
No rate rise until 2012, predict economists
It is unlikely that interest rates will rise before next year, according to some of the country's leading economists
Aug 10, 2011, 15:06
Intellectual property laws to be overhauled
The Government has unveiled plans to overhaul the UK's intellectual property laws in a bid to boost economic growth.
Aug 10, 2011, 15:01
Pensions system in 'urgent need of reform'
The UK pensions system is in 'urgent need of reform' after it emerged that some 14 million people do not have a workplace pension.
Aug 3, 2011, 11:51
HMRC apologises for 'poor performance'
HMRC has apologised to taxpayers after a new report exposed a raft of problems with its services.
Aug 3, 2011, 11:48
Capital allowances 'too complicated' for small businesses
Tax breaks designed to encourage businesses to invest in new equipment are overly complex and fail to boost spending, a new study suggests.
Aug 3, 2011, 11:43
Cost of red tape compliance on the rise
Businesses are spending more time and money on complying with regulations than ever before, latest research has shown.
Jul 27, 2011, 17:08
Low interest rates 'deter young savers', study suggests
Low interest rates on children's savings accounts are deterring many parents from investing in their future, a new study suggests.
Jul 27, 2011, 17:05
Delay in tax statements as HMRC fails to order enough paper
Statements about self assessment balancing payments will be delayed this year for some 500,000 people after HMRC failed to order enough special paper.
Jul 27, 2011, 17:00
Business voices concerns over pace of economic growth
The Government is being urged to take action on the economy amid fears that the pace of economic growth is faltering.
Jul 20, 2011, 15:34
Call for fast-track planning applications for small firms
The Government is being urged to fast-track small business planning applications to help firms cut through bureaucracy and drive economic growth.
Jul 23, 2011, 10:19
Government reaffirms intention to reform business rates system
Following a six-month review into council finance, Communities Secretary Eric Pickles has reaffirmed the Government's intention to overhaul the way councils are allocated income from business rates.
Jul 20, 2011, 15:20
Rise in SME loan approvals but 'small firms still struggling'
A significant number of SMEs have successfully secured bank credit in the last 12 months, according to an independent survey conducted by the British Bankers' Association (BBA) Taskforce.
Jul 12, 2011, 19:35
Inflation shows surprise dip in June
New data from the Office of National Statistics (ONS) reveals an unexpected drop in the rate of inflation in June.
Jul 12, 2011, 19:30
VAT rule-breakers given final chance to come forward
HMRC has launched a new campaign to tackle businesses trading above the VAT threshold who have not registered for VAT.
Jul 12, 2011, 19:29
UK employment laws 'deter sole traders from hiring'
UK employment regulations deter many sole traders from recruiting their first employee, a new survey has found.
Jul 12, 2011, 19:27
Pay gap between private and public sector widens
The average pay gap between private and public sector workers has widened by 47% in the last three years, latest figures have shown.
Jul 12, 2011, 19:26
New business mentoring scheme unveiled
Small and medium-sized enterprises (SMEs) will be offered more support on key business issues under a new scheme being launched by the banks.
Jul 12, 2011, 19:25
FSB hails rise in apprenticeships
The Federation of Small Businesses (FSB) has welcomed news of a large increase in the number of apprenticeships in UK businesses, particularly in sectors including advanced manufacturing and IT.
Jul 12, 2011, 19:23
Online shoppers to gain greater protection under EU law
Consumers are to gain greater protection when purchasing goods on the internet after new measures were approved by the EU.
Jul 12, 2011, 19:21
HMRC admits millions have not paid correct amount of tax
HM Revenue and Customs (HMRC) has said that up to 4.7 million taxpayers will be sent letters later this year telling them they paid either too much or too little income tax in 2010/11.
Jul 23, 2011, 10:25
HMRC warns of tax credit email scams
HMRC has warned of a surge in the number of 'phishing' e-mails from fraudsters, ahead of the 31 July deadline for people to submit their tax credit renewal forms.
Jul 12, 2011, 18:56
'Limitless' domain suffixes to be made available
From next year, internet address names will be able to end with almost any word and be in any language, after the global internet body Icann voted to dramatically increase the number of possible domain endings.
Jul 12, 2011, 18:54
Government to proceed with pension age reform
The Government is to proceed with its plans to raise the state pension age for women from 60 to 65, despite cross-party opposition on the matter.
Jul 12, 2011, 18:52
New website to protect online shoppers from rogue retailers
A new website has been launched to help consumers avoid purchasing counterfeit goods online.
Jul 12, 2011, 18:50
Banks and businesses 'must unite to stimulate economic growth'
A leading business group has called on banks and businesses to come together and rebuild the economy and stimulate economic growth.
Jul 12, 2011, 18:49
HMRC to target e-traders in new tax campaign
HM Revenue and Customs (HMRC) is to launch a series of new campaigns to tackle tax avoidance, it has announced.
Jul 12, 2011, 18:48
New advisory fuel rates are issued
HM Revenue and Customs (HMRC) has published new advisory fuel rates, which apply to all relevant journeys made on or after 1 June 2011.
Jul 23, 2011, 10:25
Cutting NICs 'would boost small business employment'
Reducing national insurance contributions (NICs) would encourage small firms to take on more staff, a leading business group has said.
Jul 12, 2011, 18:45
Money laundering changes 'to reduce burden on business'
The Treasury has published its recommendations for improving the Money Laundering Regulations and reducing the burden on British businesses.
Jul 12, 2011, 18:43
UK's 'ostrich generation' is failing to plan for retirement
A new report suggests that only 39% of Britons have a financial plan to save for their retirement, even though a majority expect work pensions to become less generous.
Jul 12, 2011, 18:41
Warning over red tape challenge response
The Business Secretary Vince Cable has warned that Government plans to reduce red tape for businesses may be compromised amid growing concern from the public.
Jul 12, 2011, 18:37
Lending under finance guarantee scheme plummets
Lending under the Enterprise Finance Guarantee scheme (EFG) has fallen to a new low, latest figures reveal.
Jul 12, 2011, 22:38
Review to examine small business tax administration
The Office of Tax Simplification (OTS) is to carry out a review of how bureaucracy in the tax system is hindering small businesses.
May 27, 2011, 12:56
Business Growth Fund launched, but FSB warns it is 'unlikely to help small firms
The majority of small firms seeking affordable finance will miss out on a new £2.5 billion funding scheme, the Forum of Private Business (FPB) has warned.
May 27, 2011, 12:56
Banks miss targets for business loans
The Bank of England has published the latest figures for Project Merlin - the agreement which set business loan targets for the major banks - and they show that the banks are falling short of expectations.
May 27, 2011, 12:56
Government launches review into future of British High Street
The Government has launched an independent review aimed at halting the 'decline of the British High Street'.
May 18, 2011, 14:06
Consumers welcome the return of inflation-linked bonds
National Savings and Investments (NSI) has reintroduced one of its most popular products - tax-free, inflation-proof savings bonds.
Jun 24, 2011, 12:54
Government consults on 'radical reform' of workplace entitlements
The Government has launched a consultation on plans to introduce a new system of parental leave and extend flexible working rights from 2015.
May 18, 2011, 13:28
Charities issue warning over cheque abolition
Plans to phase out cheques could lead to a 'devastating' decline in charitable donations, a fundraising body has warned.
Jul 12, 2011, 19:34
Figures reveal strongest ISA season in nine years
The 2010/11 ISA season was the strongest in nine years, with net sales of almost £1 billion, latest figures reveal.
May 12, 2011, 13:12
Employers reminded of annual return deadline
Employers are being urged to file their annual return (P35 and P14s) by the 19 May deadline or risk incurring a penalty.
May 12, 2011, 13:10
Smaller manufacturers see fastest rate of growth in 16 years
Domestic and export orders amongst the UK's small and medium-sized manufacturers have grown at their fastest rate in 16 years, new figures suggest.
May 10, 2011, 10:18
SMEs urged to prepare for pension changes
Small and medium-sized enterprises (SMEs) are being urged to prepare for the forthcoming changes to the pension regime after new research found that almost a half do not have a pension scheme in place.
May 10, 2011, 10:17
Business reacts to UK economic growth figures
Business groups have given their reactions to the latest economic figures, with the Forum of Private Business (FPB) calling for a 'two-pronged' approach to boost economic growth.
May 10, 2011, 10:17
HMRC targets tradespeople in new tax amnesty
HM Revenue and Customs (HMRC) is writing to around 50,000 tradespeople as part of a new campaign to target tax evaders.
Apr 28, 2011, 11:51
ISAs 'failing to encourage savers', says think-tank
Individual Savings Accounts (ISAs) should be scrapped in favour of a new 'Lifetime Bonus Savings Account', according to a leading think-tank.
Apr 28, 2011, 11:45
Treasury rules out early access to pensions
The Treasury has ruled out plans to give people early access to their company pension, arguing that it would be unlikely to encourage saving.
Apr 28, 2011, 11:43
Employment tribunal system 'requires major overhaul'
The employment tribunal system requires a 'major overhaul' if it is to meet the needs of businesses and individuals, a leading business group has said.
Apr 20, 2011, 10:59
Government urged to remove 'stumbling blocks' to investment
Industry leaders have called on the Government to remove the 'stumbling blocks' to investment and make the UK a more attractive place to do business.
Apr 20, 2011, 10:58
HMRC begins first phase of Business Records Checks
Over 1,000 small and medium-sized enterprises (SMEs) will be targeted in HMRC's first round of Business Records Checks (BRC).
Apr 20, 2011, 10:56
Cameron launches assault on red tape
Businesses, individuals and community organisations have been given a welcome boost after the Prime Minister David Cameron vowed to 'rip up' 21,000 rules and regulations.
Apr 13, 2011, 17:58
National Minimum Wage to rise to 6.08 from October
The main adult rate of the National Minimum Wage (NMW) will rise by 15p - or 2.5% - to reach £6.08 later this year, the Government has announced.
Apr 20, 2011, 11:04
Late tax return fines to rise sharply
People who submit their tax return after the 31 January deadline will face significantly higher penalties, HMRC has announced.
Apr 13, 2011, 17:58
New paternity leave rules come into effect
New fathers may be able to take up to six months' leave during their baby's first year after changes to the paternity leave regulations came into effect.
Apr 13, 2011, 17:58
Plans for single flat-rate state pension are published
A new flat-rate state pension may be introduced as part of radical plans by the Government to simplify the current system.
Apr 13, 2011, 13:10
New financial year sees raft of tax and benefit changes
As a raft of changes to the tax and benefits system comes into force, many experts are warning that families and those on middle incomes will feel the pinch.
Jun 24, 2011, 12:28
Budget 2011: Corporation tax to be cut by 2% from April
The main rate of corporation tax will fall by 2% from April before reaching 23% by 2014, the Chancellor has announced.
Mar 24, 2011, 10:56
2011 Budget: the political reaction
Chancellor George Osborne has presented his 2011 'pro-growth' Budget to a lively House of Commons.
Jun 24, 2011, 12:28
2011 Budget: the business reaction
Business groups have given their reactions to the Chancellor's 2011 Budget Statement.
Mar 24, 2011, 10:59
Chancellor presents 'a Budget for growth'
Chancellor George Osborne heralded his second Budget as one 'for enduring growth and jobs'. Despite downgrading the economic growth forecast for 2011 from 2.1% to 1.7%, the Chancellor insisted that the Government's fiscal plans were on course.
Mar 24, 2011, 10:55
Fuel duty rise would 'stifle economic growth', says FSB
The Federation of Small Businesses (FSB) has urged the Government to reverse next month's increase in fuel duty amid fears that it will stifle economic growth.
Mar 30, 2011, 16:09
Health and safety regulations 'to be relaxed'
The Government has outlined plans to relax health and safety regulations to help reduce the 'red tape burden' on UK businesses and encourage economic growth.
Mar 30, 2011, 16:08
Small firms to be given 'three-year exemption from new laws'
Small firms with fewer than 10 staff will be given a three-year moratorium on new employment regulations under plans unveiled by the Government.
Mar 24, 2011, 10:45
Government 'considering maternity leave exemptions for small firms'
Small businesses could benefit from changes to the maternity and paternity rules as part of a major 'deregulation drive' by the Government, according to recent reports.
Mar 24, 2011, 10:44
Treasury missing out on 16bn in unpaid tax
HM Revenue and Customs (HMRC) and Companies House have failed to collect around £16 billion in taxes after thousands of firms 'disappeared' from their radar, a new report has claimed.
Mar 30, 2011, 16:11
Small business taxation needs 'major structural change'
The Office of Tax Simplification (OTS) has called for 'major structural change' to small business taxation following a review into the future of the tax and IR35 system.
Mar 30, 2011, 16:13
Companies reminded of corporation tax changes
UK companies are being alerted to the forthcoming changes to corporation tax filing and payment.
Mar 24, 2011, 10:39
Cameron pledges to fight 'enemies of enterprise'
The Prime Minister David Cameron has pledged to remove the 'barriers to growth' and fight the 'enemies of enterprise' ahead of the upcoming Budget.
Mar 30, 2011, 16:14
OTS publishes final recommendations on UK tax reliefs
Tax-free luncheon vouchers and relief on late night taxis are just some of the allowances that may be culled following a report by the Office of Tax Simplification (OTS).
Mar 30, 2011, 16:14
New 'enterprise zones' to 'boost UK economy'
New 'enterprise zones' are to be set up throughout Britain to help boost economic growth, the Chancellor George Osborne has announced.
Mar 24, 2011, 10:35
New fuel rates published as petrol prices climb to record high
HM Revenue and Customs (HMRC) has issued new fuel advisory rates, which apply to all relevant journeys made on or after 1 March 2011.
Mar 7, 2011, 07:28
Business voices concerns over proposed HMRC spot checks
The Federation of Small Businesses (FSB) has warned that proposed spot checks on company records could be used purely as a ‘revenue raising exercise’ by HMRC.
Mar 7, 2011, 07:27
Disappointing GDP figures highlight 'need for growth Budget'
Business groups have called for the upcoming Budget to focus on growth following the release of worse than expected GDP figures.
Mar 7, 2011, 07:26
HMRC announces new plan to target tax evaders
People who persistently evade tax will have their tax affairs scrutinised more closely following the launch of a new scheme by HM Revenue and Customs (HMRC).
Mar 30, 2011, 16:14
Time to train regulations delayed for SMEs
The Government has postponed its plans to extend the ‘time to train’ regulations to small and medium-sized enterprises (SMEs) following criticism from business groups.
Mar 30, 2011, 16:15
Call to extend NICs holiday to existing businesses
The Regional Employer National Insurance Contributions (NICs) holiday should be extended to help curb rising unemployment, a leading business group has said.
Feb 28, 2011, 17:24
Small firms to gain improved access to Government contracts
The Prime Minister David Cameron has outlined a range of measures to help small businesses compete for public sector contracts.
Feb 28, 2011, 17:21
Warning over cost of employment law changes
New employment legislation set to come into force later this year will cost businesses £22.87bn, the British Chambers of Commerce (BCC) has warned.
Feb 28, 2011, 17:20
New measures to boost small business exports
Plans to encourage exporting amongst smaller companies have been outlined by the Business Secretary, Vince Cable.
Feb 28, 2011, 17:19
New online Budget portal is launched
A new online portal which allows people to submit their ideas for the 2011 Budget has been launched by the Chancellor George Osborne.
Mar 30, 2011, 16:15
Government urged to take action on apprenticeships
Following the launch of National Apprenticeship Week, the Federation of Small Businesses (FSB) is calling on the Government to 'remove the barriers to employment'
Mar 30, 2011, 17:41
Call to delay compulsory use of new accounts software
Some of the UK's main accountancy bodies have expressed 'deep concerns' over plans to force companies to submit their accounts using the new inline Extensible Business Reporting Language (iXBRL) format from 1 April.
Mar 30, 2011, 16:16
Call to introduce wage for internships
The Government is being urged to consider introducing a £2.50-an-hour wage for internships lasting three months or longer.
Mar 30, 2011, 16:17
Treasury considering 'fuel stabiliser' as business concerns grow
David Cameron has confirmed that the Treasury will investigate the possibility of a 'fair fuel stabiliser' amid mounting pressure from the business community.
Mar 30, 2011, 17:27
Business leaders pledge to create more jobs
Prime Minister David Cameron and bosses from some of the UK's major employers have pledged to create thousands of new jobs in a bid to rebalance Britain's economy.
Feb 11, 2011, 18:00
Warning over retail sales as VAT rises to 20%
The standard rate of Value Added Tax (VAT) has risen from 17.5% to 20%, prompting concerns over a possible decline in retail sales over the coming weeks.
Feb 11, 2011, 17:56
Warning over empty property rate charges
A leading business group is warning that landlords could be in for a shock when changes to the empty property rates exemption take effect later this year.
Mar 30, 2011, 16:17
Employers to be 'named and shamed' for NMW breaches
Employers who pay their staff less than the National Minimum Wage (NMW) risk being 'named and shamed', following the introduction of a new scheme earlier this month.
Feb 11, 2011, 17:50
Shrinking economy prompts fresh warnings over 'double dip threat'
The UK economy shrank by 0.5% in the last three months of 2010, according to new figures from the Office of National Statistics (ONS).
Feb 11, 2011, 17:42
Government unveils shared maternity leave plan
Plans to allow workers to share maternity leave have been outlined by the Deputy Prime Minister, Nick Clegg
Feb 11, 2011, 17:38
Firms willing to pay more for simpler tax system, says FPB
Small businesses would be prepared to pay more tax if it led to simpler laws and a reduction in avoidance amongst big companies, according to a new survey.
Feb 11, 2011, 17:34
Government confirms withdrawal of Default Retirement Age
The Default Retirement Age (DRA) will be withdrawn later this year, the Government has confirmed.
Feb 11, 2011, 17:31
Tax return deadline looming
Taxpayers should remember that their 2010 tax return must be filed online by 31 January 2011.
Dec 24, 2010, 08:39
Firms advised to tighten security ahead of Christmas holidays
Businesses are being urged to tighten their security measures after a new report revealed that many firms leave confidential documents on display during the festive season.
Dec 24, 2010, 08:39
Call for more business support in the New Year
The Federation of Small Businesses (FSB) is calling on the Government to give small firms some 'breathing space' during the early part of 2011.
Dec 24, 2010, 08:39
Businesses urged to prepare for VAT rise
Businesses are being urged to prepare for January's increase in Value Added Tax (VAT) or risk encountering problems when the rate changes.
Dec 24, 2010, 08:39
OTS publishes recommendations for reforming UK tax reliefs
The Office of Tax Simplification (OTS) has published its provisional recommendations for reforming a selection of the UK's tax reliefs.
Dec 15, 2010, 08:35
Raising VAT threshold would 'create up to 35,000 extra jobs'
Increasing the threshold at which small firms begin to pay Value Added Tax (VAT) could create an additional 35,000 jobs, new research suggests.
Dec 15, 2010, 08:35
Call to postpone withdrawal of default retirement age
The Government is being urged to postpone its plans to scrap the default retirement age (DRA) amid business concerns over the changes.
Dec 15, 2010, 08:32
Cold snap could 'cost UK economy £1.2bn' a day
As the cold snap continues, some experts are predicting that the severe weather could cost the UK economy up to £1.2 billion a day.
Dec 10, 2010, 08:32
Business criticises tax avoidance changes
A leading business group has criticised the Government's plans to introduce a General Anti Avoidance Rule (GAAR), arguing that it 'would not be in the interest of the Government, taxpayers, or UK competitiveness'.
Dec 10, 2010, 08:27
New paper-based payment system being considered
Cheques will not be phased out until an acceptable 'paper-based' alternative has been found, the Payments Council has said.
Dec 10, 2010, 08:27
New advisory fuel rates published
HM Revenue and Customs (HMRC) has published new advisory fuel rates, which apply to all relevant journeys made on or after 1 December 2010.
Dec 3, 2010, 16:09
FSB welcomes changes to small business rates
Plans to automatically apply the small business rate could lead to lower bills for up to half a million firms, experts have said.
Dec 3, 2010, 16:09
Osborne insists Britain 'on the path to economic recovery'
Presenting his first Autumn Statement as Chancellor of the Exchequer, Chancellor George Osborne has asserted that Britain is 'on track' to recover from the deepest recession of post-war times.
Dec 3, 2010, 16:09
Shoppers reminded of consumer rights over festive period
With online Christmas shopping expected to reach its peak this week, the Government is alerting people to their consumer rights.
Nov 30, 2010, 12:36
Government borrows record £10.3bn in October
The UK Government borrowed £10.3bn last month, up from £10.1bn in the same month last year and a record high for October.
Nov 30, 2010, 12:20
HMRC issues profit reminder for the self-employed
Self-employed tax credit claimants are being urged to disclose their total profits for the 2009/10 tax year 'as soon as possible'.
Nov 30, 2010, 12:19
Government in talks to impose tax on new offshore accounts
The UK Government is entering into talks with three tax havens in an attempt to claw back billions of pounds in undeclared funds from British citizens.
Nov 30, 2010, 12:17
Warning over cost of pension changes
The cost of automatically enrolling employees into a pension scheme could prove to be 'extortionate' for many small firms, a leading business group has warned.
Nov 30, 2010, 12:14
Call for freeze on new employment law as publicity budget cut
A leading business group has called for a freeze on new employment law after it emerged that the Government plans to slash the amount it spends on publicising regulatory changes.
Nov 30, 2010, 12:14
HMRC scales back helpline service
HM Revenue and Customs (HMRC) is scaling back its helpline service, following a 'realignment' of its contact centre opening hours.
Nov 30, 2010, 12:12
2011 Budget date announced
The 2011 Budget will take place on Wednesday 23 March, the Chancellor has announced.
Nov 30, 2010, 12:10
Review identifies over 1,000 tax reliefs
Experts have identified more than 1,000 reliefs in the UK's tax system, prompting warnings that the Chancellor may scrap 'dozens or even hundreds' of tax breaks.
Nov 30, 2010, 12:07
Changes to the state pension age are confirmed
The Government has published details of its plans to increase the state pension age (SPA) to 66 by 2020.
Nov 30, 2010, 12:05
Government unveils new plans to boost local economic growth
Plans to create 24 local enterprise partnerships (LEPs) have been given the go-ahead by the Government.
Nov 11, 2010, 14:57
Small business support package published
David Cameron's new Enterprise Adviser, Lord Young, is to write a 'brutally honest' report examining how Government departments interact with and affect small businesses.
Nov 11, 2010, 14:52
Business criticises plans to include micro firms in pension reforms
Business groups have expressed their 'disappointment' over the Government's decision to include micro firms in its overhaul of private sector pensions.
Nov 11, 2010, 14:47
CBI claims private sector can replace lost public sector jobs
CBI director general Richard Lambert has said that private industry can create new jobs to replace those lost in the public sector cutbacks announced in the Government's Comprehensive Spending Review.
Oct 27, 2010, 11:03
Government unveils 'Junior ISA' plan
Plans to create a new tax-free savings account to replace the Child Trust Fund (CTF), have been unveiled by the Government.
Oct 27, 2010, 11:03
State pension age to rise to 66 by 2020
The state pension age will now rise to 66 by 2020 for both men and women, six years ahead of the plan put in place by the previous Labour government.
Oct 27, 2010, 10:59
Osborne confirms date for autumn statement
The Coalition Government is abolishing the Pre-Budget Report (PBR) in favour of a more concise statement on the economy, the Chancellor has announced.
Oct 20, 2010, 16:34
ISA investment limit 'to increase by £470'
The amount that can be invested in an Individual Savings Account (ISA) is expected to rise by £470 next year, experts have said.
Oct 20, 2010, 16:32
Cap on pensions tax relief to be reduced
The annual tax-free amount that individuals can invest into a pension will be significantly reduced from next April, the Government has announced.
Oct 20, 2010, 16:28
Health and safety review 'should focus on tackling red tape'
A leading business group is calling for a forthcoming review to focus on removing the 'excessive bureaucracy' surrounding health and safety legislation.
Oct 18, 2010, 15:08
Consumer champion 'could be scrapped'
The watchdog Consumer Focus could be axed as part of the Government’s drive to abolish the UK's quangos, according to recent reports.
Oct 18, 2010, 15:05
Support firms through national mentoring scheme, says FSB
A new national mentoring service should be set up to support UK enterprises, a leading business group has said.
Oct 18, 2010, 15:02
Government unveils plans to extend flexible working
The right to request flexible working is set to be extended to parents of children aged under 18, the Government has announced.
Oct 12, 2010, 09:46
Business calls for tax reform ahead of spending review
The Government is being urged to reform the tax system and cut red tape ahead of the Comprehensive Spending Review (CSR) later this month.
Oct 12, 2010, 09:44
New employment legislation comes into force
New legislation aimed at preventing discrimination in the workplace has come into effect, despite business concerns over the issue.
Oct 12, 2010, 09:41
Stocks and shares 'outperforming cash ISAs'
Savings in stocks and shares ISAs (Individual Savings Accounts) are outperforming those in cash ISAs, according to figures from HM Revenue and Customs (HMRC).
Oct 1, 2010, 14:02
Savers' compensation limit set to rise
The deposit protection limit for savings is set to increase from 1 January 2011, the Financial Services Compensation Scheme has announced.
Oct 1, 2010, 13:59
Small firms urged to claim backdated rate relief
A leading business group is calling on small firms to claim their share of £200 million in backdated rate relief.
Oct 1, 2010, 13:56
Business groups call for 'time to train' regulations to be scrapped
Some of the UK's leading business groups have urged the Government to scrap the 'time to train' regulations, which came into force in April.
Sep 25, 2010, 16:05
HMRC reveals 'tax gap has widened to £42bn'
The shortfall between the amount of tax owed to HM Revenue and Customs (HMRC) and that actually paid, increased to an estimated £42 billion in 2008/09.
Sep 25, 2010, 16:03
EU maternity proposals 'could cost business £2.5bn'
EU plans to extend maternity leave to 20 weeks on full pay could cost UK firms £2.5 billion a year, according to the British Chambers of Commerce (BCC)
Sep 25, 2010, 15:58
Workplace pension reforms 'need to be simplified', warns CBI
The Confederation of British Industry (CBI) has welcomed the Government's plans to reform workplace pensions, but called for the measures to be simpler and more flexible.
Sep 25, 2010, 15:53
Longer turnaround times for paper tax returns
As the deadline for self assessment paper tax returns approaches, some experts are warning that individuals could experience delays in their forms being processed.
Oct 1, 2010, 14:06
HMRC writes off tax repayments under £300
Around 900,000 people have had their tax repayment written off after HM Revenue and Customs (HMRC) announced that it will only pursue cases where individuals owe £300 or more.
Sep 25, 2010, 15:44
Businesses urged to review pay systems
Small and medium-sized businesses are being urged to review their pay systems to ensure that they are complying with regulations on equal pay.
Sep 16, 2010, 15:03
Regional employer NICs holiday scheme comes into effect
The National Insurance Contributions 'holiday' scheme unveiled in the June Emergency Budget has come into effect.
Sep 16, 2010, 15:00
Millions of people due for tax rebate
Millions of people in the UK are due to receive a tax rebate following a problem with HM Revenue and Customs' (HMRC) Pay as You Earn (PAYE) computer system.
Sep 16, 2010, 14:56
Details of national insurance 'holiday' unveiled
Details of a new regional national insurance holiday for start-up businesses have been published by HM Revenue and Customs (HMRC).
Sep 2, 2010, 21:46
Workplace parking scheme comes under fire
Government plans to introduce a workplace parking levy (WPL) have been criticised by the Forum of Private Business (FPB), which claims the charge amounts to a 'stealth tax'.
Sep 2, 2010, 21:42
Employers voice support for pension auto-enrolment
More than half of employers have given their backing to Government plans for automatic enrolment into a workplace pension scheme, a new report has revealed.
Sep 2, 2010, 21:38
Britons withdraw '£60bn from savings pot'
An increasing number of Britons are digging into their savings to cover shortfalls in their income, new research suggests.
Aug 27, 2010, 16:41
Small business confidence is 'on the turn'
Business confidence is at its highest level since 2007, according to a new report.
Aug 27, 2010, 16:37
Pensioners and families 'hit hardest by Budget measures'
The Chancellor's Emergency Budget has hit pensioners and low income families the hardest, a leading economic think tank has claimed.
Aug 27, 2010, 16:35
Firms urged to register for energy scheme as deadline approaches
Businesses are being urged to register for a new energy saving scheme to help them save money on their bills.
Aug 18, 2010, 15:39
Minimum wage changes to 'cost employers £50m'
Plans to include 21-year-olds in the adult rate of the National Minimum Wage (NMW) will cost employers almost £50 million, according to Government estimations.
Aug 18, 2010, 15:37
Inflation slows but still remains above target rate
Inflation slowed in July but still remains above the Government's 2% target.
Aug 18, 2010, 15:34
Supermarket adjudicator to investigate disputes
A new adjudicator is to be set up to resolve disputes between farmers, suppliers and supermarkets, the Government has announced.
Aug 11, 2010, 21:15
EU Directive to give self-employed workers new benefits
Self-employed workers and their partners are to receive the right to maternity leave and pension benefits following the introduction of a new European Directive earlier this month.
Aug 11, 2010, 21:12
Business welcomes 'one-in, one-out' approach to regulation
Plans to introduce a 'one-in, one-out' regulatory system to help tackle the 'red tape burden' are being welcomed by some of the UK's leading business groups
Aug 11, 2010, 21:09
FSB calls for overhaul of maternity leave
A leading business group is calling on the Government to reform statutory maternity and paternity leave to make it easier for small firms to administer the 'complex' employment entitlement.
Aug 4, 2010, 15:15
Government to scale back tax breaks for furnished holiday lettings
Some 65,000 second home owners could lose out under Government plans to reduce the tax benefits available for furnished holiday lettings (FHLs).
Aug 4, 2010, 15:11
Default retirement age to be scrapped by October 2011
The default retirement age (DRA) will be abolished from 1 October 2011, the Government has announced.
Aug 4, 2010, 15:08
FSB calls for overhaul of local regulation
A Government review of the Local Better Regulation Office (LBRO) is being welcomed by the Federation of Small Businesses (FSB), although the lobby group has warned against scrapping the body completely.
Jul 28, 2010, 12:53
Warning over outdated company accounts
As many small companies prepare to submit their accounts, some experts are urging businesses to release up-to-date figures to reflect any recent improvement in their trading performance.
Jul 28, 2010, 12:52
Government seeks industry-led solutions for business finance
The Government has launched a Green Paper on access to business finance, which seeks opinions from businesses on the different ways of accessing funding in order to allow them to invest and create new employment opportunities.
Jul 28, 2010, 12:49
FSB calls for UK-wide NI holiday
A small business group is calling on the Government to extend the regional National Insurance (NI) holiday to firms in the South East of England, following the findings of a new report.
Jul 23, 2010, 11:28
Government to scrap compulsory annuities
Plans to abolish the compulsory deadline which requires retirees to purchase an annuity at age 75 have been unveiled by the Government.
Jul 23, 2010, 11:24
Government launches new Office for Tax Simplification
The Government is launching its new Office for Tax Simplification, with the aim of streamlining the UK tax system and attracting more international investment.
Jul 23, 2010, 11:22
VAT rise one step closer as Coalition wins Commons vote
Efforts to block the proposed increase in VAT have been quashed after the Coalition Government secured a majority in a House of Commons debate.
Jul 23, 2010, 11:18
Proposals to 'cut excessive mortgage lending'
The Financial Services Authority (FSA) has called for the introduction of tough new measures aimed at cutting levels of mortgage lending to individuals who cannot afford to make the repayments.
Jul 23, 2010, 11:14
Pensioners 'using equity release' to pay off their debts
An increasing number of pensioners in the UK are using the equity from their homes to pay off their debts or to improve their quality of life during difficult economic times, new research has warned.
Jul 23, 2010, 11:10
Government urged to get tough on bank lending
The Coalition Government is being urged to revive a small business lending forum in a bid to boost the supply of credit to UK firms.
Jul 8, 2010, 12:37
Government to launch Regional Growth Fund
A new £1 billion Regional Growth Fund is to be set up to support enterprises in those areas of England which are most likely to be affected by cuts in public sector spending.
Jul 8, 2010, 12:34
Business welcomes Government efforts to 'cut red tape'
Business leaders have welcomed the launch of a new Government website aimed at cutting 'pointless regulation and unnecessary bureaucracy'.
Jul 8, 2010, 12:30
Public sector 'should learn from recession' as spending cuts loom
The Confederation of British Industry (CBI) has called on the public sector to use the lessons learned from the private sector's experience of the recession, as Government departments prepare for the unprecedented spending cuts announced in the Emerge
Jul 1, 2010, 15:49
Budget pension plans come under scrutiny
The 2010 Emergency Budget revealed a number of measures that will affect the pension system.
Jul 1, 2010, 15:47
Consumers to 'save millions' as ISA transfer times cut
Providers of Individual Savings Accounts (ISAs) have agreed to speed up the process for switching accounts following a new report by the Office of Fair Trading (OFT).
Jul 1, 2010, 15:45
The Emergency Budget 2010: what the changes mean for you
Sweeping changes to taxation and the welfare system announced by Chancellor George Osborne in the Emergency Budget mean that the majority of taxpayers will be affected.
Jun 24, 2010, 14:00
Emergency Budget 2010: the business reaction
Business leaders have given their initial reactions to the Emergency Budget announcements, following Chancellor George Osborne's speech to the House of Commons.
Jun 24, 2010, 13:58
Emergency Budget 2010: the political reaction
Following the Chancellor's Emergency Budget speech, the opposition has voiced its opinions on the measures announced.
Jun 24, 2010, 13:54
Osborne declares Britain 'open for business'
Billed as a 'tough but fair' Budget, Chancellor George Osborne has announced his plans to tackle the UK's record deficit while sustaining the economy, in the Emergency Budget.
Jun 24, 2010, 13:54
Bank payments system comes under fire
The Faster Payments system has been criticised for failing to make banking transactions simpler and more efficient for consumers.
Jun 16, 2010, 14:20
New fiscal watchdog downgrades growth forecasts
The new Office for Budget Responsibility (OBR) has cut the previous Labour Government's economic growth forecasts after it found that they were 'too optimistic'.
Jun 16, 2010, 14:19
CBI calls for 'bold and ambitious Budget'
The Confederation of British Industry (CBI) has called on the Chancellor George Osborne to deliver a 'bold and ambitious Budget' which concentrates on reducing Britain's record deficit.
Jun 16, 2010, 14:21
Workers taking 'fewer sick days'
Employees took an average of six and a half days off sick last year, the lowest number since absence records began in 1987, according to a new report.
Jun 14, 2010, 22:40
CGT rise would 'penalise 200,000 'ordinary taxpayers'
More than 200,000 'ordinary employees and savers' would be hit by a proposed rise in capital gains tax (CGT), the Institute of Directors (IoD) has warned.
Jun 16, 2010, 14:22
Cable outlines plans to cut 'deluge' of red tape
Further details on how the Government plans to cut the volume of regulation facing UK firms have been outlined by the Business Secretary Vince Cable.
Jun 14, 2010, 22:38
Employers urged to avoid 'own goal' during World Cup
The TUC is calling on UK employers to demonstrate flexibility during the forthcoming World Cup tournament, by allowing their staff to take time off to watch the televised football matches
Jun 2, 2010, 10:46
Government 'listening to concerns' over capital gains tax
The new Government has pledged to 'listen to concerns' over its plans to increase capital gains tax (CGT), as the emergency Budget looms closer.
Jun 2, 2010, 10:43
VAT hike could have an 'adverse impact on the economy'
Raising VAT to 20% would have a 'deep and long-lasting' impact on the economy, the British Retail Consortium (BRC) has warned.
Jun 2, 2010, 10:42
Queen's speech proposes 'extension to flexible working'
The right to request flexible working could eventually be given to all employees, under new plans outlined in the Queen's speech.
May 26, 2010, 14:08
Business group calls for 'urgent review' of red tape
The British Chambers of Commerce (BCC) is calling for an 'urgent and sweeping review' of business regulations, after it was revealed that red tape cost UK firms £88.3 billion last year.
May 26, 2010, 14:06
Osborne pledges corporation tax reform
Newly appointed Chancellor, George Osborne, has pledged to cut the headline rate of corporation tax in an effort to tempt multinational businesses back to the UK.
May 26, 2010, 14:04
Boiler scrappage scheme 'proves a success'
The Government's boiler scrappage scheme has proved to be a popular measure, with all of the vouchers available to English households having been claimed by 26 March.
May 19, 2010, 11:02
New Government 'set to increase VAT'
The rate of Value Added Tax is set to increase under the new Government, according to a recent study.
May 19, 2010, 11:00
Osborne sets date for emergency Budget
Chancellor George Osborne will deliver the emergency Budget on 22 June, it has been announced.
May 19, 2010, 10:59
CGT hike would hit an 'extra one million investors'
Proposals by the new Government to increase capital gains tax (CGT) in line with income tax rates could mean that more than a million extra people will be liable to pay the tax, according to some financial experts.
May 19, 2010, 10:59
Business urges new Government to reduce the deficit
As the newly appointed Prime Minister David Cameron began the process of shaping his Cabinet, business leaders called on the new Government to concentrate its efforts on reducing the deficit.
May 17, 2010, 12:31
Higher rate taxpayers to 'net Treasury an extra £10bn'
The Government is on course to net an extra £10 billion in income tax in 2010/11, according to official estimates from HM Revenue and Customs (HMRC).
May 11, 2010, 17:05
Millions of people 'at risk of card fraud'
Cases of identity fraud increased by more than 20% in the first three months of 2010, according to new figures from CIFAS – the UK’s Fraud Prevention Service.
May 11, 2010, 17:04
Business groups call for 'strong leadership and consensus' in hung parliament
With the Conservative and Liberal Democrats locked in negotiations for a possible coalition government, business groups have called for a swift and decisive resolution to the UK's political uncertainty, after last week's election resulted in a hung parlia
May 11, 2010, 17:02
Business group unveils 90-day action plan for economic growth
A new Government must put business at the core of its plans for economic recovery, according to the British Chambers of Commerce (BCC).
May 5, 2010, 18:12
Figures reveal 'strongest ISA season for eight years'
Sales of Individual Savings Accounts (ISAs) have climbed to their highest level in eight years, according to figures published by the Investment Management Association (IMA).
May 5, 2010, 18:13
Significant tax rises 'inevitable' if deficit to be cut
A significant increase in taxes is inevitable over the course of the next decade, regardless of the outcome of the General Election, a new report has warned.
May 5, 2010, 18:10
Business reacts to latest unemployment figures
As the latest figures reveal that UK unemployment has increased, business groups are highlighting the need for an incoming Government to invest and create jobs.
Apr 29, 2010, 08:25
UK firms 'concerned' about prospect of hung parliament
Nearly two-thirds of British businesses are uneasy about the prospect of a hung parliament after the General Election, according to a new study.
Apr 29, 2010, 08:39
Study warns of '£55 billion' of hidden debts
A recent survey has warned that as many as one in three Britons has hidden debts, amounting to a total of £55 billion.
Apr 29, 2010, 08:23
'Cards overtaking cash' as main method of payment
Cards are increasingly overtaking cash as the preferred method of paying for goods and services, a new study has revealed.
Apr 26, 2010, 16:59
Red tape 'costs UK firms £80bn'
Regulation is costing British businesses £80 billion a year - more than six times the amount estimated by the Government, the Institute of Directors (IoD) has claimed.
Apr 26, 2010, 17:12
Nest pension charges could 'alienate savers'
The Government needs to reform its plans for a new workplace pension scheme or risk alienating savers with complicated charges, the Confederation of British Industry (CBI) has warned.
Apr 26, 2010, 16:54
Fresh warning over UK ISA market
Some Individual Savings Accounts (ISAs) promoted on comparison websites could be in breach of guidelines set out by HM Revenue and Customs (HMRC), experts have warned.
Apr 26, 2010, 16:53
Government launches Small Business Credit Adjudicator task force
The Department for Business, Innovation and Skills has launched a new task force, which will advise the Government on the role and responsibilities of the new Small Business Credit Adjudicator (SBCA).
Apr 26, 2010, 16:52
Business groups set out Election priorities
Some of the UK's leading business groups have been setting out their priorities ahead of the General Election on 6 May.
Apr 26, 2010, 16:51
Online filing changes come into effect
Businesses will now only be able to file and pay certain taxes online, following the introduction of new rules by HM Revenue and Customs (HMRC).
Apr 26, 2010, 16:49
Government scraps three tax rises as Election looms
The Government has dropped plans to impose three controversial tax rises in an effort to push through new legislation ahead of the General Election.
Apr 26, 2010, 16:48
New tax year heralds 50% income tax rate
The start of the 2010/11 tax year sees the introduction of a new 50% top rate of income tax for individuals earning in excess of £150,000 a year.
Apr 26, 2010, 16:47
Car scrappage scheme closes
The Government's vehicle scrappage scheme has come to an end after at least 330,000 cars were purchased under the initiative.
Apr 25, 2010, 22:36
Experts call for shake-up of basic state pension
An independent pensions group is proposing a raft of changes to the retirement industry which could help to lift two million pensioners out of means-tested benefits.
Apr 25, 2010, 22:34
Apprentices to receive new minimum wage
Apprentices will be entitled to a minimum wage of £2.50 an hour, under new plans announced by the Government.
Apr 25, 2010, 22:37
Pre-election Budget 'to support recovery and tackle the deficit'
In his final Budget before a much-anticipated General Election, and with the UK emerging from the 'deepest global recession for over 60 years', Chancellor Alistair Darling has outlined a series of measures aimed at tackling the economic deficit while supp
Apr 25, 2010, 22:32
2010 Budget: the political reaction
Opposition parties have given their reactions to Chancellor Alistair Darling's 2010 Budget, which represents his last Budget before the forthcoming General Election.
Apr 25, 2010, 22:31
National Minimum Wage to increase from October
Following the publication of the 2010 Budget, the Government has confirmed that the National Minimum Wage (NMW) will increase with effect from 1 October 2010.
Apr 25, 2010, 22:30
2010 Budget: the business reaction
Business groups have given their reactions to the Chancellor of the Exchequer's 2010 Budget Speech.
Apr 25, 2010, 22:29
Computer games and blu-ray discs enter the nation's 'shopping basket'
Computer games and accessories, and blu-ray disc players have replaced disposable cameras and squash court hire in the nation's 'shopping basket' of goods, the Office for National Statistics (ONS) has revealed.
Apr 25, 2010, 22:28
Budget to provide 'basic bank accounts for all'
The 2010 Budget is set to include plans to make basic bank accounts a legal right for all UK citizens, according to recent reports.
Apr 25, 2010, 22:27
Darling set to deliver pre-election Budget
Chancellor Alistair Darling will today unveil his last Budget before the forthcoming General Election.
Apr 25, 2010, 22:27
Fuel prices set to reach record levels
The average price of petrol could rise to £1.20 a litre in the coming weeks, as a result of increases in the wholesale price of fuel, the Automobile Association (AA) has warned.
Apr 25, 2010, 22:43
Employment law 'stifling UK businesses'
The 'relentless flow' of complex employment law is stifling UK competitiveness and jeopardising future job creation, a leading business group has warned.
Apr 25, 2010, 22:24
New credit card rights 'could save consumers £300m'
Consumers are to be given more control over their finances and greater protection against credit card firms, under new plans announced by the Government.
Apr 25, 2010, 22:23
Thousands of firms facing 'higher VAT bills'
More than 57,000 small businesses are facing higher bills under the flat rate VAT scheme, prompting calls for the Government to conduct an 'immediate review' of the tax.
Apr 25, 2010, 21:11
Revenue to 'name and shame' tax evaders
Individuals and companies who deliberately fail to pay taxes of more than £25,000 are to be named and shamed with effect from 1 April, HM Treasury has confirmed.
Apr 25, 2010, 21:11
Offshore disclosure deadline imminent
Individuals using the New Disclosure Opportunity (NDO) have been reminded that they have just days to make their disclosures online and to pay all tax, duties, interest and penalties owed in full.
Apr 25, 2010, 21:10
Brown confirms Budget date
The 2010 Budget Report will be delivered 'in two weeks time', Prime Minister Gordon Brown has announced.
Apr 25, 2010, 21:08
Business groups unite to oppose NICs increase
A host of business groups have joined forces to lobby against the proposed rise in national insurance contributions (NICs) planned for April 2011.
Apr 25, 2010, 21:06
Darling urged to reform pension tax proposals
The Government is being urged to scrap its 'complex and costly' proposals on the tax treatment of pension contributions.
Apr 25, 2010, 21:06
Plans to extend paid maternity leave passed by EU
Draft legislation to extend maternity leave to 20 weeks on full pay has been given the go-ahead by the European Parliament committee.
Apr 25, 2010, 21:03
New broadband tax 'will not benefit the majority'
A group of MPs has expressed further opposition to Government plans to impose a new 'broadband tax' on UK householders.
Apr 25, 2010, 21:01
Tax exiles 'could face retrospective tax bill'
UK citizens who live abroad as tax exiles could find themselves facing a retrospective tax bill stretching back as far as the previous six years, following a recent Court of Appeal ruling.
Apr 25, 2010, 20:59
ISAs proving 'increasingly popular'
The popularity of Individual Savings Accounts (ISAs) has burgeoned since they were introduced 10 years ago, a new study has revealed.
Apr 25, 2010, 20:58
Employers urged to prepare for PAYE changes
Employers are being urged to ensure that they are ready for forthcoming changes to the PAYE system.
Apr 25, 2010, 20:56
Business calls for VAT increase
The proposed rise in National Insurance contributions (NICs) should be scrapped in favour of an increase in the standard rate of VAT, a leading business group has argued.
Apr 25, 2010, 20:52
UK inflation hits 14-month high
UK inflation rose to 3.5% in January, representing the fastest annual rise in 14 months, figures from the Office for National Statistics (ONS) have revealed.
Apr 25, 2010, 20:51
Paternity leave set to extend to six months
New fathers will be able to take up to six months of paternity leave, under plans outlined by the Government.
Apr 25, 2010, 20:49
FSA publishes new guidance on overseas transfers
New guidance to help people protect their money when making transfers abroad has been published by the Financial Services Authority (FSA.
Apr 25, 2010, 20:47
Small businesses 'benefit from £700m of funding'
More than £700m of affordable, easy access funding from the European Investment Bank (EIB) has been approved for nearly 3,000 businesses in the UK, the Government has revealed.
Apr 25, 2010, 20:48
Retailers 'mitigate impact of VAT increase'
Falling food price inflation and heavy discounting by retailers helped to mitigate the impact of January's VAT increase, according to the British Retail Consortium (BRC.
Apr 25, 2010, 22:43
Equality commission launches proposals to benefit older workers
The Equality and Human Rights Commission (EHRC) has launched a series of proposals aimed at fundamentally changing employment policies and increasing opportunities for older workers.
Apr 25, 2010, 20:42
Record number of taxpayers filing returns online
The popularity of online filing has increased again this year, with the number of taxpayers choosing to file their self-assessment tax returns online hitting a new record.
Apr 25, 2010, 20:21
Business group calls for moratorium on 'costly employment law'
A new report from the British Chambers of Commerce (BCC) has suggested that forthcoming employment regulations and taxes will cost UK firms as much as £25.6bn over the course of the next four years.
Apr 25, 2010, 19:10
HMRC system 'issuing wrong tax codes', warns tax body
Individuals could be paying more tax later this year after HM Revenue and Customs (HMRC) sent out incorrect tax codes, experts have claimed.
Apr 25, 2010, 18:43
UK recession 'comes to an end'
The UK recession has officially ended, figures from the Office for National Statistics (ONS) have confirmed.
Apr 25, 2010, 18:41
Commission unveils new measures to tackle gender pay gap
Employers will be given some protection from investigation if they publish information on their gender pay gap, the Equality and Human Rights Commission has announced.
Apr 25, 2010, 18:38
Government gives go-ahead for supermarket watchdog
A new ombudsman is to be created to oversee relations between large retailers and their suppliers, the Government has confirmed.
Apr 25, 2010, 18:36
Medical professionals' tax amnesty labelled 'unfair'
Tax experts have criticised the new Tax Health Plan for medical professionals, recently unveiled by HM Revenue & Customs.
Apr 26, 2010, 04:14
Default retirement age could be scrapped
Employees should be given the right to continue working beyond the default retirement age, equality minister Harriet Harman has said.
Apr 25, 2010, 18:33
Duty change comes into effect
The threshold at which duty is charged on goods imported from outside the European Union has been increased.
Apr 25, 2010, 18:32
Government hatches new 'Nest' pension scheme
The new Government-backed workplace pension scheme is to be known as the National Employment Savings Trust (Nest.
Apr 25, 2010, 18:31
Boiler scrappage scheme comes into effect
The new 'boiler scrappage scheme', which offers households in England money off the cost of purchasing a new boiler, has come into effect.
Apr 25, 2010, 18:28
90% of firms 'close defined benefit schemes'
Quality pensions in the private sector are in rapid decline, with nine out of 10 defined benefit schemes now closed to new entrants.
Apr 25, 2010, 18:29
Revenue creates new Minimum Wage enforcement team
HM Revenue & Customs (HMRC) has created a new enforcement team to crack down on employers who are failing to pay their workers the National Minimum Wage (NMW).
Apr 25, 2010, 18:19