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Business News Archive

  1. News
  2. Business News
March 2021
  • Chancellor extends SDLT cut
  • View our 2021 Budget Report
  • Sunak sets out Budget to protect businesses
  • 2021 Budget - the economic picture
  • 2021 Budget - the political reaction
  • 2021 Budget - the business reaction
  • 2021 Budget - what to expect
  • Committee calls for Chancellor to outline plans for tax reform
  • COVID schemes now supporting 1.6 million UK businesses
February 2021
  • SMEs needing advice on imports and exports can apply for grants, HMRC confirms
  • Online service for VAT deferral scheme opens
  • Late payment penalties for self assessment waived until 1 April
  • More support needed to help businesses once lockdown lifts
  • Domestic VAT reverse charge comes into effect on 1 March
  • SME service for bank complaints goes live
  • HMRC clarifies off-payroll rules
  • IFS urges Chancellor to outline economic recovery plans in upcoming Budget
  • Over half a million businesses could collapse without further support
  • Clarity needed on taxation of COVID test costs, says ICAEW
  • UK economy shrank by record 10% in 2020
  • IoD calls for government to put entrepreneurs at heart of economic recovery
  • Borrowers of Bounce Back loans given six more months for repayments
  • HMRC's customer service levels impacted by COVID-19
  • Almost a third of house sales fall through as stamp duty deadline nears
  • Vaccination programme set to boost economic recovery
  • COVID-19 business lending exceeds £71 billion
  • 1.8 million still to file self assessment returns
  • CBI urges government to publish roadmap out of lockdown
  • Government announces £1,000 bonus to help businesses take on trainees
January 2021
  • Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget
  • More than 900,000 businesses 'at risk of failing by April', research warns
  • UK tax system 'discourages employment and investment', IFS suggests
  • HMRC waives self assessment penalties for a month
  • LITRG calls for rise in High Income Child Benefit Charge threshold
  • Nine million people borrowed more in 2020 as result of COVID-19 pandemic
  • One in three blocked from paying with cash during pandemic
  • Big businesses must pay small suppliers more quickly under changes to PPC
  • CBI urges government to 'act on COVID business support' ahead of Budget
  • Supreme Court backs small firms on business interruption claims
  • COVID-19 is reasonable excuse for self assessment late filing, says HMRC
  • Taxpayers using Time to Pay to spread cost of tax payments
  • Monthly deadline approaching for furlough claims
  • ICAEW calls for further guidance on CIS changes
  • HMRC issues self assessment scam warning
  • Pandemic drives dramatic increase in SME borrowing
  • HMRC reveals 2,700 tax returns submitted on Christmas Day
  • Business groups urge Chancellor to do more to support firms
  • Chancellor unveils £4.6 billion lockdown grant package
  • TUC urges employers to offer furlough to parents affected by school closures
December 2020
  • Your financial New Year's resolutions
  • Don't forget to file your self assessment tax return
  • Preparing your business for winter weather
  • BIRA urges retailers to remain vigilant during festive period and beyond
  • HMRC rejects calls to relax 31 January self assessment deadline
  • IPSE calls for government to extend SEISS
  • Government must take another look at support for businesses in Tier 4, says CBI
  • Chancellor extends furlough scheme until end of April 2021
  • Scheme launched to support firms moving goods after Brexit
  • IR35 status check failing to deliver results in a fifth of cases
  • CGT rise would adversely affect entrepreneurs, warns IoD
  • Individuals urged to remain vigilant when making festive charitable donations
  • UK growth slowed in October as economic recovery stalls
  • £100 billion savings glut could fuel economic recovery, says Bank of England
  • Monthly deadline approaching for furlough claims
  • Businesses have 'insufficient information' on Brexit changes, BCC finds
  • Lenders still supporting thousands with payment deferrals
  • AAT warns of dramatic rise in self-assessment filing
  • Government must shore up business confidence ahead of COVID-19 vaccine rollout
  • Number of CBILS applications to rise, experts predict
  • HMRC cracks down on marketing of tax avoidance schemes
November 2020
  • Third SEISS grant opens as IPSE issues warning
  • Business survival hanging by a thread in toughened tiers, warns CBI
  • Chancellor presents Spending Review
  • Applicants for third SEISS grant will face new test, ICAEW warns
  • ATT calls for clarity on virtual seasonal parties
  • HMRC begins 'Eat Out to Help Out' compliance checks
  • Self assessors warned to watch out for scammers posing as HMRC
  • £1 million Annual Investment Allowance cap extended for a year
  • Contactless payments reached record level in August
  • HMRC confirms MTD for corporation tax to be mandated from 2026
  • Wealth gap widening as result of coronavirus pandemic, research suggests
  • Current CGT regime 'fit for purpose', says ICAEW
  • UK economy rebounds from recession
  • Self-employed sector facing 'avoidable decline', according to IPSE
  • Real Living Wage increases across the UK
  • PAC finds over £1 billion worth of fraudulent Bounce Back loan applications
  • Chancellor extends furlough scheme to end of March
  • FCA proposes further support for consumer credit borrowers impacted by COVID-19
  • Government delays implementation of new pensions dashboards
  • Support for self-employed increased as lending schemes extended
  • Furlough scheme extended and changed for new lockdown
October 2020
  • ATT issues last call for firms seeking to use increased Annual Investment Allowance
  • Chancellor to set out one-year Spending Review in November
  • ICAEW calls for reform of 'inflexible business rates'
  • Survey finds small business confidence has been in negative territory since 2018
  • NAO finds 'significant levels of furlough fraud occurred' during start of pandemic
  • Chancellor increases financial support for businesses affected by COVID restrictions
  • IoD outlines reforms to Prompt Payment Code
  • HMRC urges businesses to ensure they are ready for new customs and tax rules
  • PAC calls on government to give 'honest picture' of UK tax gap
  • Government outlines plans to protect future of cash
  • Government launches new coronavirus fraud hotline
  • Over 54,000 workers claim home working tax relief using online portal
  • Tax rises 'inevitable', says IFS
  • Resolution Foundation warns of a 'lost COVID generation'
  • Job Support Scheme expanded for local lockdowns
  • Government to proceed with plans to create freeports across UK
  • NAO warns loan scheme could result in £26 billion in losses
  • Survey finds business conditions remained weak in third quarter of 2020
  • Coronavirus permanently changes working patterns
  • Retirement plans altered by pandemic
  • British Business Bank warns of fraud risks with coronavirus business loans
  • Benefits-in-kind regime 'not fit for purpose', says ICAEW
September 2020
  • Criminals exploiting coronavirus pandemic, trade association warns
  • Furlough scheme set to move into final month
  • Cyber security top risk for audit executives, research suggests
  • Business groups welcome extended coronavirus support
  • UK economic recovery slowing even before new Covid-19 curbs
  • Chancellor outlines Winter Economy Plan
  • Business groups call for more support following new restrictions
  • NAO calls on Treasury to safeguard access to cash
  • UK businesses voluntarily return £215 million in furlough funds
  • MPs urge Chancellor to extend job retention scheme
  • FCA confirms support for mortgage borrowers
  • HMRC urges VAT-registered businesses to prepare for Brexit trading changes
  • Private pension withdrawal age to be raised
  • CBI warns of rocky road despite July economic growth
  • Lockdown grants welcome but more support needed, say business groups
  • IoD urges government to extend coronavirus insolvency measures
  • Up to £3.5 billion in furlough payments fraudulent, HMRC finds
  • FSB urges government to provide Brexit transition vouchers
  • Treasury publishes consultation on VAT refund scheme
  • Tax hike for freelancers would be unjust, claims IPSE
  • Research reveals 800,000 workers being 'under-enrolled' in pension schemes
  • Kickstart Scheme opens for applications
  • UK plastic bag tax charge to be doubled and extended to all retailers
August 2020
  • ICAEW warns R&D credit cap may impact genuine claims
  • More than £30 million lost to pension scams
  • Small businesses call on government to extend Eat Out to Help Out scheme
  • Government provides £20 million in funding to boost recovery of small firms
  • HMRC blocks thousands of furlough applications
  • Treasury outlines plans for carbon emissions tax
  • Businesses 'vulnerable' as coronavirus schemes wind down, BCC suggests
  • 29% of SMEs 'carried on as usual' during pandemic, survey finds
  • Drop in number of self-employed will lead to 'brittle workforce', IPSE warns
  • Second round of grants for the self-employed opens
  • Freelancers experience drop in income
  • FSB urges local councils 'not to delay small business grants'
  • UK economy falls into recession for first time in 11 years
  • Government coronavirus schemes 'failing to provide support', BCC finds
  • Bounce Back loans average 87,000 approvals a week since launch
  • Government further extends Tax-Free Childcare scheme as result of coronavirus
  • ICAEW warns taxpayers have 90 days to notify HMRC of overclaimed COVID-19 grants
  • Ensure interaction between VAT and Eat Out to Help Out is understood, ICAEW urges
  • Bank of England holds rates as economy set for record slump
  • HMRC publishes guidance on claiming Job Retention Bonus
  • SME manufacturing activity plummets, says CBI
  • FSB calls for further help for employers as furlough wind-down begins
  • Data reveals significant decrease in inheritance tax receipts
  • More firms to benefit from CBILS following changes to loan rules
  • HMRC sets up scheme for loan charge refunds
July 2020
  • Mixed picture for retail sector, CBI finds
  • Treasury publishes call for evidence on administration of pensions tax relief
  • Public warned to watch out for top coronavirus scams
  • LITRG urges HMRC to thoroughly test MTD for Income Tax before its introduction
  • Eat Out to Help Out scheme set to start
  • NIESR calls for furlough scheme to be kept open
  • Committee suggests many have 'fallen through gaps in support schemes'
  • Government announces review of business rates system
  • HMRC outlines changes to VAT treatment of imported goods
  • Fifth of small firms expect poor performance in next three months, data suggests
  • UK economy 'still stuck in first gear'
  • OTS publishes series of recommendations for simplifying tax system
  • FRC urges companies to provide high-quality disclosures on impact of coronavirus
  • Small business confidence begins to bounce back
  • Claims deadline approaching for first phase of furlough scheme
  • Treasury outlines agenda for modernised digital tax system
  • Lockdown has 'negatively impacted young people's labour market outcomes'
  • PAC urges government to assess tax reliefs for effectiveness
  • Credit card spending fell significantly at start of coronavirus lockdown, data reveals
  • Business groups cautious on easing of lockdown restrictions
  • Coronavirus borrowing now over £46 billion
  • Chancellor asks OTS to review capital gains tax
  • Homeworking creates new opportunities for cyber criminals, research finds
  • Three quarters of businesses not ready for end of Brexit transition period
  • Welsh government to reduce LTT rate
  • Self assessment deferral available to the self-employed
  • UK economy shrank by almost a fifth under lockdown
  • Scottish government to reduce LBTT rate
  • Tax gap falls to lowest recorded rate
  • Recovery advice scheme launched for small businesses
  • HMRC scraps benefit-in-kind charge on coronavirus tests
  • IFS warns taxes will rise as result of coronavirus lockdown
  • Business groups react to Summer Economic Update
  • More than one million businesses access Bounce Back loans
  • Chancellor to deliver Summer Economic Update
  • Accounting bodies join launch of green finance charter
  • Chancellor announces Job Retention Bonus in Summer Economic Update
  • VAT cut on PPE extended
  • Government to give £111 million to businesses to fund traineeships
  • HMRC finds lack of knowledge causing MTD non-compliance
  • Private sector off-payroll reforms given go ahead for April 2021
  • LITRG urges self-employed to check eligibility for SEISS
  • Government unveils £200 million Sustainable Innovation Fund
  • FCA confirms further support for consumer credit customers
  • FSB finds late payment crisis has worsened during coronavirus lockdown
  • Government expands Future Fund for start-ups
  • Furlough scheme now covering 9.3 million workers
June 2020
  • Business warned about rise in impersonation fraud
  • UK mortgage approvals slump during pandemic
  • Job retention scheme closing to new entrants
  • Coronavirus lockdown puts focus on UK skills gap
  • Overseas VAT claims subject to COVID delays
  • PMI data points to improved picture for UK economy
  • FSB outlines recommendations to Chancellor ahead of expected fiscal event
  • IoD urges government to support jobs and investment after coronavirus lockdown
  • Government-backed coronavirus lending now over £40 billion
  • ABI calls for overhaul of pensions tax relief system
  • Government urged to consider emergency VAT reduction
  • Report finds young people most likely to lose job as result of coronavirus lockdown
  • Lenders grant 1.9 million mortgage deferrals
  • UK public calls for greater transparency on tax avoidance and evasion
  • Bank of England announces £100 billion stimulus package for UK economy
  • UK pushing for global digital tax despite US reservations
  • HMRC begins sending MTD for VAT 'nudge' letters to firms
  • Businesses urged to reinstate VAT direct debits
  • Research suggests SMEs expect to borrow £48 billion post-coronavirus lockdown
  • HMRC updates CJRS guidance for employers
  • UK economy could contract by 8% in 2020, data suggests
  • HMRC updates guidance for self-employed coronavirus scheme
  • MPs call for VAT reduction to help firms affected by coronavirus
  • Jobs and training for the young must be prioritised to boost economy, says CBI
  • UK economy shrinks record 20.4% as result of coronavirus lockdown
  • LITRG warns self-employed that SEISS is taxable
  • Government extends furlough scheme for parents on statutory leave
  • Significant number of SME owners using personal savings to keep business trading
  • £35 billion loaned to businesses through coronavirus schemes
  • Pension savers warned over scams and transfers
  • Business debt 'will slow economic recovery' from coronavirus pandemic, IoD warns
  • Government plans to suspend Sunday trading laws to aid UK economy
  • HMRC delays VAT reverse charge on construction services
  • Deadline looming for new entrants to Coronavirus Job Retention Scheme
  • CIOT calls for property sales tax change
  • One in five highly skilled freelancers face business closure to COVID-19
  • Cash payments continued to fall in 2019
  • Strong economic recovery likely, but not certain
  • Women 'more likely to be on low pay', TUC research suggests
  • Over £31 billion borrowed through coronavirus schemes
  • Manufacturers call for coronavirus support
  • MPs open inquiry into £155 billion of tax reliefs
  • Chancellor announces changes to Job Retention Scheme
  • IPSE gives cautious welcome to extension of self-employed scheme
May 2020
  • FSB calls for government to give company directors more support
  • Data shows 5.2 million people have fallen victim to scams during coronavirus crisis
  • Data reveals retail sales 'remain depressed' in year to May
  • Coronavirus Statutory Sick Pay Rebate Scheme goes live
  • Government publishes revised Coronavirus Job Retention Scheme legislation
  • Changes to insolvency and company law to take effect
  • Government borrowing at record high, data reveals
  • Survey suggests one in ten firms cannot implement coronavirus guidance safely
  • IPSE urges government to extend self-employed support scheme
  • UK sets out post-Brexit tariff regime
  • Future Fund launches to give start-ups coronavirus support
  • Inflation rate falls to lowest level since August 2016
  • Government set to launch Coronavirus Statutory Sick Pay Rebate Scheme
  • Treasury confirms tax exemption for reimbursed home office expenses
  • CMA urges government to introduce emergency laws to prevent price hikes
  • Loan size increased to £200 million under large business interruption scheme
  • CBI concerned about lack of Brexit progress
  • BCC survey suggests firms ready for gradual reopening of UK economy
  • Government makes temporary changes to Tax-Free Childcare scheme
  • One million apply to self-employed grant scheme in 48 hours
  • Close to £15 billion borrowed through government's coronavirus schemes
  • Late payers warned over false economy
  • Chancellor extends Job Retention Scheme until October
  • Self-employed grant scheme to open to applications
  • HMRC extends tax appeal deadline due to pandemic
  • Stamp Duty liability should be switched to sellers
  • HMRC updates process for obtaining Government Gateway ID
  • Business groups need more guidance and financial support for return to work
  • Online marketplaces should be compelled to collect VAT
  • UK Finance warns firms over Bounce Back loan repayments
  • UK economy set to experience 'deepest recession in living memory'
  • HMRC begins contacting individuals eligible for coronavirus income support scheme
  • Over 110,000 businesses apply for Bounce Back loans on day one
  • FCA seeking legal clarity on business interruption insurance
  • Government changes ISA rules to help individuals affected by coronavirus
  • TPR calls for trustees and employers to 'work together to protect savers'
  • Government extends deadlines for tax consultations
  • Business leaders eager for lockdown to ease, says IoD
April 2020
  • Lenders relax evidence requirements for business interruption loan scheme applications
  • New mothers and over 60s 'most likely to miss out on self-employed support'
  • CIPD urges government to make Coronavirus Job Retention Scheme more flexible
  • Mortgage lenders grant over 1.6 million payment holidays
  • Government launches small business micro loan scheme
  • HMRC reminds businesses using VAT deferral to cancel direct debits
  • NCSC removes over 2,000 coronavirus scams
  • FSB urges government to increase 80% guarantee on coronavirus business loans
  • SMEs access £2.8 billion through business interruption loan scheme
  • Government launches support finder tool for businesses
  • BCC finds significant number of UK businesses have furloughed employees
  • UK inflation rate falls to 1.5%
  • Coronavirus pandemic 'has already cost SMEs £277,000 each', research suggests
  • Government borrowing could reach £300 billion, according to think tank
  • Survey reveals quarter of UK businesses have temporarily suspended trading
  • Government unveils support package for innovative businesses affected by coronavirus
  • March retail sales nosedive
  • Coronavirus Job Retention Scheme goes live as it is extended to end of June
  • UK pushing ahead with Brexit trade talks
  • Pensions regulator issues auto-enrolment guidance for pandemic
  • Government widens eligibility for job retention scheme
  • HMRC extends CGT reporting deadline
  • OBR predicts UK economy could shrink by 35%
  • HMRC releases guidance on coronavirus Self-employment Income Support Scheme
  • HMRC issues guidance for VAT deferral
  • Coronavirus Job Retention Scheme set to launch on 20 April
  • Data reveals global debt reached 322% of GDP in 2019
  • Chancellor announces financial aid package for charities
  • Don't rush financial decisions, urge regulators
  • Firms struggling to access emergency coronavirus loans
  • UK economic output reduces to 31% as result of coronavirus lockdown
  • Start of new tax year ushers in raft of fiscal changes
  • Business groups respond to Chancellor's overhaul of business loan measures
  • Chancellor announces changes to Business Interruption Loan Scheme
  • Majority of UK firms have less than three months' cash reserves
  • Major UK banks will pay no dividends or bonuses this year
  • Government publishes details on coronavirus grant schemes for small businesses
  • CBI finds retail sales propped up by stockpiling in March
  • Directors on PAYE can furlough under job retention scheme
  • HMRC extends MTD digital links deadline until 2021
March 2020
  • Research suggests two in five individuals worry about debt levels
  • Government relaxes insolvency rules during coronavirus pandemic
  • HMRC urges businesses using VAT deferral to cancel direct debits
  • HMRC publishes guidance on recognising genuine government contact
  • Chancellor unveils help for self-employed workers
  • Pensions at increased risk of being targeted by scammers
  • Government and financial regulators tell banks to keep lending
  • Contactless card payment limit set to rise from April
  • UK facing 'worst recession in modern history'
  • Regulators request delay in corporate reporting
  • Increase in home working raises risk of cyber-attacks
  • Government unveils wage bailout scheme
  • Coronavirus crisis sees UK interest rates cut to lowest level ever
  • HMRC delays introduction of off-payroll rules to private sector
  • View our COVID-19 update
  • Chancellor unveils £330 billion support package for coronavirus pandemic
  • HMRC to stop sending automatic paper returns for self assessment
  • Economists warn of global coronavirus recession
  • Buy-to-let landlords getting cold feet over sector regulation
  • View our 2020 Budget Report
  • Chancellor takes measures to combat coronavirus
  • Chancellor delivers Budget to meet 'challenging times'
  • 2020 Budget - the economic picture
  • 2020 Budget - the political reaction
  • 2020 Budget - the business reaction
  • 2020 Budget - what to expect
  • Coronavirus to blame as business confidence falls
  • Pensions sector loses billions per year to fraud
  • ICAEW joins industry leaders urging Bank of England to get tough on climate change
  • Business groups urge Chancellor to take 'strategic approach' to tax policy
  • Loan charge repayment guidance issued by HMRC
  • Coronavirus 'gravest threat to global economy since financial crisis', says OECD
  • FSB states scrapping Entrepreneurs' Relief would 'destroy retirements'
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