Business News

23 Sep 2019

Record inheritance tax take for HMRC

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.

20 Sep 2019

Experts warn Chancellor over insolvency debts

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

19 Sep 2019

FRC writes to finance directors with advice on preparing for Brexit

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.

18 Sep 2019

One in ten employees 'do not receive a payslip'

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.

17 Sep 2019

UK growth forecast downgraded by ICAEW

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.

16 Sep 2019

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

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.

13 Sep 2019

Think tank calls for tax overhaul

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).

12 Sep 2019

Former NAO chief to lead independent review of loan charge

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.

11 Sep 2019

ICAEW calls for delay to off-payroll working changes

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).

10 Sep 2019

Pace of tax reform has 'slowed', OECD finds

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'.

09 Sep 2019

HMRC delays introduction of VAT reverse charge

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

06 Sep 2019

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

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

05 Sep 2019

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

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

04 Sep 2019

FSB calls on government to tackle 'business crime crisis'

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

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