Business News

Record inheritance tax take for HMRC

23 Sep 2019

HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year, according to figures released by the tax authority.

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Experts warn Chancellor over insolvency debts

20 Sep 2019

Prioritising HMRC over other creditors in insolvencies will have a 'negative impact on the UK's economic growth', experts have warned Chancellor Sajid Javid.

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FRC writes to finance directors with advice on preparing for Brexit

19 Sep 2019

UK businesses have been urged to review their Brexit plans by the Financial Reporting Council (FRC). The FRC has written to audit committee chairs and finance directors setting out the measures firms should consider.

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One in ten employees 'do not receive a payslip'

18 Sep 2019

Almost 10% of UK employees are not receiving payslips, while one in 20 are missing out on their legal holiday entitlement, according to think tank the Resolution Foundation.

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UK growth forecast downgraded by ICAEW

17 Sep 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) has downgraded its growth forecast for the UK economy as a result of continuing Brexit uncertainty, falling business investment and declining output.

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IoD states businesses facing 'impossible situation' in regard to Brexit

16 Sep 2019

The Institute of Directors (IoD) has urged the government and the EU to 'compromise and chart a way forward' on Brexit, following the publication of research that shows that UK businesses are facing an 'impossible situation' regarding planning.

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Think tank calls for tax overhaul

13 Sep 2019

The UK's tax system should be overhauled to bring rates on wealth and assets into line with those on income, according to a report from the Institute for Public Policy Research (IPPR).

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Former NAO chief to lead independent review of loan charge

12 Sep 2019

Sir Amyas Morse, the former Chief Executive of the National Audit Office (NAO), will head up an independent review into the controversial loan charge, which will be published by the middle of November.

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ICAEW calls for delay to off-payroll working changes

11 Sep 2019

The extension of off-payroll working rules to the private sector should be delayed by a year, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

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Pace of tax reform has 'slowed', OECD finds

10 Sep 2019

A new report published by the Organisation for Economic Co-operation and Development (OECD) has found that the pace of tax reform has 'slowed across multiple economies'.

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HMRC delays introduction of VAT reverse charge

09 Sep 2019

HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services.

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Tax on sugary snacks 'could be more effective than Soft Drinks Industry Levy'

06 Sep 2019

Experts have suggested that a tax on sugary snacks could be 'more effective' than the Soft Drinks Industry Levy.

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Chancellor claims 'austerity is over' as he unveils Spending Review

05 Sep 2019

In his Spending Review, Chancellor Sajid Javid said that 'austerity is over' as he announced significant increases in spending across most government departments.

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FSB calls on government to tackle 'business crime crisis'

04 Sep 2019

The Federation of Small Businesses (FSB) has called on the government to make tackling business crime a priority.

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