Business News

The latest Business and Finance news making the headlines in the UK

IoD outlines reforms to Prompt Payment Code

The Institute of Directors (IoD) has outlined reforms to the Prompt Payment Code.

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HMRC urges businesses to ensure they are ready for new customs and tax rules

HMRC has urged businesses to make sure they are prepared for new customs and tax rules so that they can continue to trade with the EU from 1 January 2021.

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PAC calls on government to give 'honest picture' of UK tax gap

The Public Accounts Committee (PAC) has urged the government to give a 'more honest' picture of the likely levels of the UK tax gap.

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Government outlines plans to protect future of cash

The government has outlined plans to protect the UK's cash system and ensure people have easy access to cash.

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Government launches new coronavirus fraud hotline

The government has launched a new coronavirus (COVID-19) fraud hotline in conjunction with independent charity Crimestoppers.

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Over 54,000 workers claim home working tax relief using online portal

HMRC has received over 54,800 claims from customers using a new online portal that allows employees to claim tax relief for working at home.

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Tax rises 'inevitable', says IFS

The Institute for Fiscal Studies (IFS) has suggested that the UK will require tax rises of £40 billion or more per year during the middle years of this decade to stop debt spiralling upwards as a result of the coronavirus (COVID-19) pandemic.

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Resolution Foundation warns of a 'lost COVID generation'

Think tank the Resolution Foundation has suggested that the coronavirus (COVID-19) has created a 'U-shaped crisis', with young adults and pensioners most likely to have stopped working during the pandemic.

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Job Support Scheme expanded for local lockdowns

The government's Job Support Scheme (JSS) will be expanded to protect jobs and support businesses required to close their doors due to local lockdowns as the number of coronavirus (COVID-19) cases continues to rise in some areas.

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We are a member firm of the Institute of Chartered Accountants of England & Wales (ICAEW). Registered to carry on audit work in the UK and Ireland. Our Insurer is Prosure Solutions (per W R Berkley , and IGI), 34 Lime St, London EC3M 7AT (worldwide, excluding North America). Also an independent member of GGI, a multidisciplinary worldwide association of accountants, tax consultants & lawyers.