Business News

SMEs urge government to simplify UK business rates system

21 Jun 2018

A report published by banking group Close Brothers has revealed that 71% of UK small and medium-sized enterprises (SMEs) would like the UK's business rates system to be made 'simpler and more flexible'.

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Business leaders call on Chancellor to review UK tax system

20 Jun 2018

In a letter to Chancellor Philip Hammond, leaders of some of the UK's most prominent business associations have urged the government to undertake a review of the so-called 'tax burden' that faces the finance industry and UK entrepreneurs.

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Report suggests payments by card are 'now more popular than using cash'

19 Jun 2018

A report published by trade association UK Finance has revealed that, by the end of 2017, more payments were made using debit cards, at 13.2 billion payments, than payments made using cash, which totalled 13.1 billion payments.

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UK tax gap 'falls to £33bn'

18 Jun 2018

Recent figures from HMRC have revealed that the UK 'tax gap' equated to 5.7% of total tax liabilities for the 2016/17 tax year.

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Government to require businesses to justify executives' salaries

15 Jun 2018

New plans outlined by the government could require large businesses to justify executives' salaries.

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Inheritance tax 'unnecessarily complicated', states AAT

14 Jun 2018

The Association of Accounting Technicians (AAT) has stated that inheritance tax (IHT) is 'unnecessarily complicated' and 'widely misunderstood'.

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UK small firms 'unprepared for business interruption', FSB warns

13 Jun 2018

The Federation of Small Businesses (FSB) has warned that the majority of UK small firms are 'unprepared' for disruption risks that internal and external threats pose.

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GDPR fines 'could increase cybercrime ransom demands'

12 Jun 2018

As a result of the introduction of the General Data Protection Regulation (GDPR) last month, cybersecurity firm CrowdStrike has warned that businesses may be lured into paying cyber ransom demands to criminals, rather than pay costly GDPR fines.

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Study suggests many individuals 'plan to work past retirement age'

11 Jun 2018

A study carried out by insurance company Prudential has suggested that a significant number of employees are planning to work past their state pension age.

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Artificial intelligence 'will be critical to firms' survival', survey suggests

08 Jun 2018

Artificial intelligence (AI) will be 'critical' to firms' survival over the coming five years, a survey carried out by software firm SAP has suggested.

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Business group urges government to increase VAT registration threshold

07 Jun 2018

The Association of Independent Professionals and the Self-Employed (IPSE) has urged the government to increase the VAT registration threshold in order to 'stimulate small business growth and encourage innovation'.

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Business group calls on large firms to 'lead the way' in tackling late payment

06 Jun 2018

The Federation of Small Businesses (FSB) has urged large businesses to take immediate action to end the 'culture of late payment, poor payment practice and supply chain bullying'.

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Rising fuel prices adversely affecting UK businesses, industry warns

05 Jun 2018

The motoring industry has warned that rising prices for both petrol and diesel are adversely affecting UK businesses.

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Significant number of UK firms affected by cyber-attacks and breaches, survey finds

04 Jun 2018

A survey carried out by the Department for Digital, Culture, Media and Sport (DCMS) has revealed that a significant number of UK businesses have been affected by cyber-attacks and breaches over the past 12 months.

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