Latest News for Business

Click on a headline to read the full story.

04 May 2017

General Election and tax law

With the announcement of a snap General Election on 8 June the time available for scrutinising proposed legislation was short so the Finance Act was rushed through Parliament.

04 May 2017

Business response to General Election on 8 June

Carolyn Fairbairn, CBI Director-General, has commented on the upcoming General Election.

04 May 2017

Off payroll working in the public sector rules amended

From 6 April 2017, new tax rules were introduced which potentially affect individuals who provide their personal services via their own companies (PSCs) to an organisation which has been classified as a 'public authority'.

04 May 2017

Tax-Free Childcare rolled out

Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, launched on 28 April 2017.

04 May 2017

VAT fuel scale charges

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2017.

04 May 2017

Investment Bond launched

National Savings and Investments (NS&I) has recently launched a government-backed Investment Bond.

04 May 2017

Changes to the PAYE Tax system using Real Time Information

HMRC have announced that from the end of May 2017 they will be using Real Time Information to make adjustments to employee tax codes in-year as and when the need arises.

06 Apr 2017

VAT Flat Rate Scheme - Limited cost trader

Changes are being made to the Flat Rate Scheme which take effect from 1 April 2017.

06 Apr 2017

Equality - Gender pay gap reporting

The government has introduced new requirements for all private and voluntary sector employers of over 250 people relating to equal pay reporting from April 2017.

06 Apr 2017

Minimum wage rises again

Employers need to ensure they are paying their employees at least the appropriate National Minimum Wage or National Living Wage rate.

06 Apr 2017

Class 4 National insurance u-turn

One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 National Insurance Contributions paid by self-employed individuals.

06 Apr 2017

Making Tax Digital for Business update

Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Business.

06 Apr 2017

Reduction in the Dividend Allowance

It was announced in the Budget that the Dividend Allowance will be reduced.

06 Apr 2017

New Lifetime ISA

The Lifetime Individual Savings Account (ISA) is a longer term tax-free account that receives a government bonus.

Archive News

Click here to access our full archive