News

IPPR suggests abolishing income tax bands to help taxpayers save

IPPR suggests abolishing income tax bands to help taxpayers save

The Institute for Public Policy Research (IPPR) has suggested that income tax bands should be abolished in order for taxpayers to save more. A report...

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Many businesses 'underestimate the risk' involved with cybercrime, report finds

Many businesses 'underestimate the risk' involved with cybercrime, report finds

A large proportion of small and medium-sized enterprises (SMEs) and the general public ‘underestimate the threat of cybercrime’, a new report from the...

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TUC urges employers to remain vigilant as heavy snowfall affects much of the UK

TUC urges employers to remain vigilant as heavy snowfall affects much of the UK

The Trades Union Congress (TUC) has urged employers to stay vigilant in the wake of heavy snowfall currently affecting much of the UK. It stated that...

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Chancellor urged to freeze business rates in upcoming Spring Statement

Chancellor urged to freeze business rates in upcoming Spring Statement

Chancellor Philip Hammond has been urged to freeze business rates in his forthcoming Spring Statement, which is set to be delivered on Tuesday 13 Marc...

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HMRC to receive £100 million as result of Panama Papers investigations

HMRC to receive £100 million as result of Panama Papers investigations

HMRC has confirmed that, after following leads generated by investigations into the so-called Panama Papers, it expects to receive £100 million in add...

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Study suggests unpaid overtime caused UK workers to lose £31 billion in 2017

Study suggests unpaid overtime caused UK workers to lose £31 billion in 2017

A study carried out by the Trades Union Congress (TUC) has suggested that UK workers lost £31.2 billion last year as a direct result of working unpaid...

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Deadline to spend old £10 notes rapidly approaching, Bank of England warns

Deadline to spend old £10 notes rapidly approaching, Bank of England warns

The Bank of England (BoE) has warned that the deadline for spending old £10 notes is rapidly approaching. Paper £10 notes, which feature a portrait o...

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Data shows many firms 'paying male employees more than female employees'

Data shows many firms 'paying male employees more than female employees'

Data published by the government’s Equalities Office has revealed that a vast majority of UK firms are paying male employees more than their female em...

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Businesses 'turning to alternative sources of finance', research suggests

Businesses 'turning to alternative sources of finance', research suggests

Research published by the British Business Bank (BBB) has suggested that UK small businesses are increasingly turning to alternative sources of financ...

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SMEs expect cryptocurrency payments to reach high street 'within two years'

SMEs expect cryptocurrency payments to reach high street 'within two years'

Research carried out by card payments provider Paymentsense has suggested that owners of small and medium-sized enterprises (SMEs) expect cryptocurren...

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Average UK small business ‘spends £5,000 on tax compliance every year’, study finds

Average UK small business ‘spends £5,000 on tax compliance every year’, study finds

A new report published by the Federation of Small Businesses (FSB) has found that the average UK small business spends £5,000 per year on tax complian...

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Significant number of UK workers 'planning to become self-employed', research finds

Significant number of UK workers 'planning to become self-employed', research finds

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the futu...

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Bank of England survey suggests UK workers in line for pay rise

Bank of England survey suggests UK workers in line for pay rise

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers. Its agents’ survey, which polled 368 UK bu...

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The General Data Protection Regulation: make sure you're prepared

The General Data Protection Regulation: make sure you're prepared

Recently published research has suggested that two thirds of businesses are ‘unprepared’ for the upcoming introduction of the General Data Protection ...

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The end of the tax year is approaching: could you save tax?

The end of the tax year is approaching: could you save tax?

With the end of the 2017/18 tax year approaching, now may be the ideal time to think about how you can minimise your business and personal tax liabili...

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Navigating the devolution revolution

Navigating the devolution revolution

The Scottish Budget was delivered by Derek Mackay, Finance Secretary for Scotland, on 14 December. Mr Mackay announced a series of changes to the Scot...

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Reviewing the new Criminal Finances Act 2017

Reviewing the new Criminal Finances Act 2017

The Criminal Finances Act 2017 came into effect on 30 September 2017, making companies and partnerships criminally liable for failing to prevent their...

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What's next for Making Tax Digital?

What's next for Making Tax Digital?

The government recently published long-awaited draft legislation for Making Tax Digital (MTD) for VAT. Here we analyse the government’s latest positio...

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PAYE: beware the late payment penalties

PAYE: beware the late payment penalties

Under the Pay as You Earn (PAYE) system, it is the duty of the taxpayer to make sure that any payments to HMRC are made on time. HMRC will not send re...

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Multiple home ownership: beware of the tax changes

Multiple home ownership: beware of the tax changes

Significant changes to the rules on property tax relief are currently being phased in, which may have implications for those looking to rent out or pu...

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Making Tax Digital: are you up to date?

Making Tax Digital: are you up to date?

Following the dropping of Making Tax Digital (MTD) plans from the first Finance Bill of 2017, the government recently outlined new proposals for its l...

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Are you prepared for the new General Data Protection Regulation?

Are you prepared for the new General Data Protection Regulation?

On 25 May 2018, the new General Data Protection Regulation (GDPR) is set to take effect. Under the new rules, organisations which collect, store and p...

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Cyber security: are your systems up to date?

Cyber security: are your systems up to date?

In light of the recent cyber ransomware attack which affected businesses and organisations around the world, UK firms are being encouraged to protect ...

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The new Tax-Free Childcare system

The new Tax-Free Childcare system

The government's new Tax-Free Childcare initiative is being rolled out from 28 April, and is expected to be fully implemented by the end of the year. ...

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Government to create new anti-money laundering watchdog

Government to create new anti-money laundering watchdog

The government has announced that it intends to set up a new regulatory body to combat money laundering and criminal financing in the UK. Operating w...

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Budget 2016 - what to expect

Budget 2016 - what to expect

16 Mar 2016 Chancellor George Osborne will deliver his Budget Speech today at 12.30pm, and we will be bringing you news of all the key announcements ...

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Creating an employee expenses policy

Creating an employee expenses policy

For many businesses, employee travel and expenses represent a significant cost. A well-written expenses policy will help you to keep on top of that co...

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Women should be given 'early access' to State Pension, MPs suggest

Women should be given 'early access' to State Pension, MPs suggest

15 Mar 2016 Women aged 50 and above who were provided with little notice that they would have to work for longer before retiring should be given earl...

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Prime Minister announces National Minimum Wage increases

Prime Minister announces National Minimum Wage increases

14 Mar 2016 Prime Minister David Cameron has announced increases in the National Minimum Wage (NMW) rates. The rate for 21 to 24-year-olds will incr...

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Watchdog proposes major reforms to UK energy market

Watchdog proposes major reforms to UK energy market

11 Mar 2016 Following an 18-month investigation into the UK energy market, the Competition and Markets Authority (CMA) has proposed a raft of reforms...

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