Business News

UK economy improved in February despite lockdown

13 Apr 2021

The UK economy returned to modest growth in February despite the country being under lockdown but remains sharply below its pre-pandemic peak, according to the Office for National Statistics (ONS).

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UK cuts electric vehicle grants by £500

12 Apr 2021

The government has cut the Plug-in Car Grant and Van & Truck Grant by £500 and lowered the pricing cap on qualifying electric vehicles.

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New claims required for home working tax relief

09 Apr 2021

Employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year, HMRC has stated.

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Business confidence boosted by plans to re-open UK economy

08 Apr 2021

A survey carried out by the Institute of Directors (IoD) has revealed that confidence amongst UK businesses has been boosted by plans to re-open the UK economy.

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IMF upgrades UK economic forecasts for 2021 and 2022

07 Apr 2021

The International Monetary Fund (IMF) has upgraded its UK economic forecasts for 2021 and 2022.

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Start of new tax year ushers in raft of fiscal changes

06 Apr 2021

The 6 April start of the new tax year sees important fiscal and business changes come into effect, including the introduction of the new coronavirus (COVID-19) Recovery Loan Scheme (RLS).

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Workers set to benefit from increases in National Minimum and Living wages

01 Apr 2021

UK workers are set to benefit from rises in the National Minimum Wage (NMW) and the National Living Wage (NLW) rates that take effect from 1 April 2021.

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ICAEW warns SMEs have 'limited window' to apply for Brexit grant

31 Mar 2021

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned eligible small and medium-sized enterprises (SMEs) that they have a limited window to apply for a grant under the Brexit Support Fund.

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Over £46 billion borrowed through Bounce Back loans

30 Mar 2021

More than 1.5 million Bounce Back loans have been taken out since the coronavirus (COVID-19) support scheme was launched last May, with borrowing by businesses now over £46 billion, according to the Treasury.

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Payment deadline looming for self assessment taxpayers

29 Mar 2021

Self assessment taxpayers must pay any outstanding tax liabilities in full or set up an online payment plan for the 2019/20 financial year by 1 April to avoid incurring penalty charges, HMRC has stated.

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Business rates relief extended with £1.5 billion fund

26 Mar 2021

The government is to extend business rates relief with a £1.5 billion fund targeted at those businesses unable to benefit from the current coronavirus (COVID-19) support.

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Chancellor responds to OTS report on inheritance tax

25 Mar 2021

Chancellor Rishi Sunak has responded to a report on inheritance tax (IHT) published by the Office of Tax Simplification (OTS).

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Government publishes range of consultations to help modernise UK tax system

24 Mar 2021

The government has published a range of tax documents and consultations designed to help modernise the UK tax system.

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COVID lockdowns have cost the UK economy £251 billion, says CEBR

23 Mar 2021

A year of coronavirus (COVID-19) lockdowns has cost the UK economy £251 billion, according to data from the Centre for Economics and Business Research (CEBR).

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