Business News

FSB report finds small business growth aspirations 'at pre-pandemic level'

27 Jan 2022

A report published by the Federation of Small Businesses (FSB) has found that over half of small businesses expect to grow in 2022.

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Four million still to file ahead of self assessment deadline

26 Jan 2022

Four million customers are yet to submit their completed self assessment tax return and pay any tax owed ahead of the deadline on 31 January, according to HMRC.

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Scam HMRC call reports drop by 97%

25 Jan 2022

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures from the tax authority.

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Government scheme gives discounts of up to £5,000 on accounting software

24 Jan 2022

The government's Help to Grow: Digital scheme - designed to support smaller businesses in adopting digital technologies - has opened for applications.

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Study finds 82% of business owners suffered from poor mental health in pandemic

21 Jan 2022

A study carried out by insurer Simply Business has found that 82% of business owners suffered from poor mental health during the coronavirus (COVID-19) pandemic.

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Treasury writes off £4.3 billion in Covid payments lost to fraud

20 Jan 2022

HMRC expects to recover only a quarter of the total £5.8 billion lost to fraudulent claims and mistaken payments from the coronavirus (COVID-19) support schemes.

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UK inflation rises at fastest pace for 30 years

19 Jan 2022

The cost of living rose at its fastest pace in nearly 30 years in the year to December, according to the latest figures from the Office for National Statistics (ONS).

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No 'convincing case' for digital UK currency, says House of Lords committee

18 Jan 2022

Creating an official digital currency in the UK could pose significant risks to banks, a House of Lords committee has warned.

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Consumer group urges taxpayers to avoid using refund firms to claim tax rebates

17 Jan 2022

Consumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates.

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Government launches consultation on global minimum tax for multinationals

14 Jan 2022

The government has launched a consultation on the framework for rolling out the 15% global minimum tax on profits which will be payable by the largest multinationals from 2023.

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COVID-19 support grants must be included on company tax returns

13 Jan 2022

HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable.

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More than one million will be dragged into higher rate tax bracket, research suggests

12 Jan 2022

The Treasury's decision to freeze income tax thresholds will drag over one million people into the higher rate tax band over the next four years, according to research commissioned by the Liberal Democrats.

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More than half of SMEs 'confused about plans to level up the UK'

11 Jan 2022

Research published by Nucleus Commercial Finance has revealed that over half of small and medium-sized enterprises (SMEs) in the UK are confused about the government's plans to 'level up' the country.

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Over £1 billion now recovered by HMRC's fraud squad

10 Jan 2022

HMRC's Fraud Investigation Service (FIS) has now recovered more than £1 billion from proceeds of crime and tax offenders.

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