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Business News Archive

  1. News
  2. Business News
May 2022
  • CBI chief calls for cost-of-living help for people on lower incomes
  • HMRC issues £14 million in penalties for minimum wage offences
  • Inflation hits 40-year high of 9%
  • Charity warns lowest income households will wait longest for council tax rebate
  • Almost 66,500 filed self assessment returns on 6 April
  • Pension regulator running spot checks on UK employers
  • Inflation takes its toll as UK economy contracts in March
  • New law to protect access to cash announced in Queen's Speech
  • Shoppers slow spending as consumer confidence dips
  • FSB finds one in three business owners suffered COVID-related mental health decline
  • Bank of England warns UK economy to shrink as interest rates rise
  • Drop online passwords to foil hackers
  • Number of firms in critical financial distress rises sharply
  • MPs consider changes to help tackle increasing cost of living
April 2022
  • Government inaction on long COVID could cost billions
  • Government borrowing more than halves, data reveals
  • Data shows IHT receipts up £0.7 billion
  • Which? warns it is 'now or never' to halt UK's 'cash crisis'
  • Half of small firms do not expect to grow over coming year, FSB finds
  • HMRC starts chasing up SEISS overpayments
  • Energy bosses call for price cap to be scrapped to prevent 'horrific' winter
  • Export growth is 'stagnant', BCC finds
  • New HMRC one-stop online shop provides taxpayers with tax relief information
  • Business groups comment on latest inflation figures
  • HMRC names avoidance scheme promoters for first time
  • Research suggests hybrid working saves businesses significant amounts of money
  • Economic growth slowed in February, data shows
  • Government pledges major increase in electric car chargers by 2030
  • UK government unveils energy strategy
  • Treasury announces it will regulate some forms of cryptocurrency
  • NIC increase causes businesses to raise prices
  • Rise in VAT will mean higher prices, businesses warn
  • Majority of smaller businesses do not understand 'carbon jargon'
March 2022
  • Report warns 'millions would struggle' in cashless society
  • HMRC reminds working parents they can receive help with Easter childcare costs
  • Households on lowest incomes face significant rise in living costs, data finds
  • Plastic Packaging Tax comes into force this April
  • Consumer group issues fraud warning on online shopping scams
  • View our 2022 Spring Statement summary
  • Chancellor announces rise in national insurance threshold
  • 2022 Spring Statement - what to expect
  • Chancellor cuts fuel duty in Spring Statement
  • 2022 Spring Statement - the business reaction
  • 2022 Spring Statement - the political reaction
  • 2022 Spring Statement - the economic picture
  • CMA frees leaseholders from rising ground rents
  • MTD for VAT brings in an extra £195 million in tax
  • Bank of England raises interest rates for third month in a row
  • BCC calls for Spring Statement to tackle cost of doing business crisis
  • FSB urges Chancellor to 'deliver on low tax pledge' at Spring Statement
  • HMRC warns taxpayers not to share personal details online
  • UK economic growth to halve this year, warns BCC
  • Chancellor must make huge judgment call at Spring Statement, says IFS
  • Student loan repayments to start at £25,000
  • 82% of VAT registered businesses are still unaware of MTD deadline
  • FSB calls for relief for small employers in Spring Statement
  • HMRC collects £30.8 billion through tax probes
  • SSP Rebate Scheme set to close in March
  • Over a million take advantage of extra time to file self assessment returns
  • Manufacturers call for delay to NIC increase
  • Spring Statement is the time to act, says CBI
February 2022
  • CBI calls for lateral flow testing to continue
  • Hybrid working the new norm, survey finds
  • Two freeports planned for Scotland
  • Help to Buy scheme pays out £674 million to house buyers
  • Make super deduction permanent to boost investment, says CBI
  • Almost 100,000 taxpayers using HMRC's Time to Pay
  • Real wages fall as pay lags behind inflation
  • HMRC reminds married couples to utilise Marriage Allowance
  • Off-payroll rule compliance an issue for HMRC
  • HMRC raises late payment interest rate to 3%
  • Businesses urged to apply for remaining COVID-19 support grants
  • Soaring wage and energy costs force threequarters of UK businesses to raise prices
  • SDLT 'needs to be reformed', study suggests
  • FSB urges government to reconsider NICs hike
  • MPs call for road pricing to replace motoring taxes
  • Impossible to shield shoppers from rising costs, warns the BRC
  • CBI says government must protect business from rising energy costs
  • Government unveils 'Levelling Up' strategy
  • Over two million still to file self assessment returns
  • BCC calls for 'urgent action' to improve UK-EU trade
January 2022
  • National insurance rise 'set to squeeze budgets', warns CBI
  • Claims portal reopens for Statutory Sick Pay Rebate Scheme
  • FSB report finds small business growth aspirations 'at pre-pandemic level'
  • Four million still to file ahead of self assessment deadline
  • Scam HMRC call reports drop by 97%
  • Government scheme gives discounts of up to £5,000 on accounting software
  • Study finds 82% of business owners suffered from poor mental health in pandemic
  • Treasury writes off £4.3 billion in Covid payments lost to fraud
  • UK inflation rises at fastest pace for 30 years
  • No 'convincing case' for digital UK currency, says House of Lords committee
  • Consumer group urges taxpayers to avoid using refund firms to claim tax rebates
  • Government launches consultation on global minimum tax for multinationals
  • COVID-19 support grants must be included on company tax returns
  • More than one million will be dragged into higher rate tax bracket, research suggests
  • More than half of SMEs 'confused about plans to level up the UK'
  • Over £1 billion now recovered by HMRC's fraud squad
  • HMRC gives self assessment taxpayers more time to ease COVID-19 pressures
  • Businesses facing 'unprecedented cost pressures', warns BCC
  • Almost 3,000 file self assessments on Christmas Day
  • Over 440,000 small firms at risk due to late payment crisis
December 2021
  • Have you made your financial New Year's resolutions?
  • Don't forget to file your self assessment tax return
  • Safeguard your business against adverse winter weather
  • One in five businesses rely on Christmas sales to survive
  • Banks join forces to help protect cash services
  • Chancellor announces £1 billion fund for businesses
  • Welsh government delivers Budget
  • Government must act to restore confidence, says CBI
  • Bank of England raises interest rates to 0.25%
  • Self assessment taxpayers must declare COVID grants on tax returns
  • HMRC's Time to Pay plan raises £46 million
  • Bank of England issues cryptocurrency warning
  • Climate Change Committee calls for higher tax on household gas
  • FCA to introduce new consumer duty
  • New Covid restrictions are a 'setback for businesses', warns CBI
  • CBI lowers growth forecasts as economy faces headwinds
  • Gender pay gap has seen 'barely any change' over past 25 years, IFS finds
  • Rising inflation could push family spend up £1,700 a year
  • FCA urges banks to free 'mortgage prisoners'
  • Government responds to OTS report on CGT
  • Government sets out tax details on TAM Day
November 2021
  • Services sector continues to recover despite rising costs
  • Third of UK manufacturers struggling with debt and rising costs, research suggests
  • House sales drop dramatically after stamp duty holiday ends
  • Data requests 'costing businesses thousands each year', research suggests
  • PM announces electric vehicle revolution
  • Taxpayers warned over refund companies
  • Customs Declarations from EU changing on 1 January
  • Jobs recovery continues despite end of furlough
  • Three-day wait for Statutory Sick Pay to return next year
  • HMRC issues warning on self assessment scams
  • Real Living Wage increases as cost of living rises
  • Only a third of businesses taking action to cut emissions
  • UK economic recovery slowed by supply problems
  • Time running out for HMRC customers with Post Office card accounts
  • Cryptocurrency tax gap triples
  • New law introduced to help protect pension savers from scammers
  • HMRC's tax take falls by billions due to pandemic
  • Bank of England hints interest rates could rise in coming months
  • Household finances not set to return to pre-COVID levels until 2023
  • Costs 'weighing on businesses' sustainability intentions', FSB finds
  • Payment period on residential CGT is doubled
  • IFS predicts millions to be worse off next year due to tax rises
October 2021
  • Treasury received five million malicious emails over past three years, research finds
  • Chancellor makes significant changes to fuel duty and alcohol duty
  • View our 2021 Autumn Budget Report
  • 2021 Autumn Budget - what to expect
  • Chancellor delivers Budget to lay foundation for a strong economy
  • 2021 Autumn Budget - the economic picture
  • 2021 Autumn Budget - the political reaction
  • 2021 Autumn Budget - the business reaction
  • CBI urges government not to introduce business tax rises
  • 'Bank of mum and dad' financing half of first-time purchases, research finds
  • Manufacturing activity remains firm, but supply pressures mount, says CBI
  • FSB study shows small firms losing £25 billion per year to tax admin
  • Heat pump grants worth £5,000 to help replace gas boilers
  • Pensions experts say a minimum of £10,900 a year needed to retire
  • Applications now open for freeports
  • Over 40 trade associations back statement on business rate reform
  • Deadline for 2020/21 self assessment tax returns approaching
  • Chancellor has 'little room for manoeuvre' in the Budget
  • ICAEW calls for Autumn Budget to 'accelerate work to build modern tax system'
  • Three in ten firms to employ fewer people as result of NIC increase, IoD finds
  • Business groups warn that fragile economy is on shaky ground
  • IoD urges government to introduce tax super-deduction for investment in retraining
  • FSB warns tax rises 'threaten recovery from pandemic'
  • Chancellor commits £500 million to extend job support schemes
  • Working Tax Credit customers must report changes to working hours
  • Off payroll rules the forgotten factor driving the HGV crisis, says IPSE
September 2021
  • Chancellor warned of redundancies as furlough scheme ends
  • New emergency fraud hotline launched
  • £800 million Reinsurance Scheme opens for live events
  • Government announces plans to make requesting flexible working a day one right
  • Making Tax Digital for Income Tax self assessment delayed for a year
  • IoD urges government to reduce planned level of business tax rises
  • British Business Bank provided £81.5 billion of COVID-19 support
  • CBI survey finds three quarters of firms worried about labour shortages
  • COVID-19 sick pay rebate scheme to end on 30 September
  • OTS says changing date of tax year end would be beneficial
  • FSB survey suggests unemployment to rise by 50,000 as result of NICs rise
  • Inflation sees sharpest increase on record
  • Higher taxes and lower business investment 'not a plan for growth', warns CBI
  • Thousands of teenagers missing out on Child Trust Fund cash
  • 1.6 million still on furlough in July
  • Chancellor to deliver Autumn 2021 Budget on 27 October
  • Business groups warn over tax increases
  • Staff shortages could continue for two years, warns CBI
  • Tax-Free Childcare can ease the cost of the return to school, says HMRC
  • Drop proposed basis period reform, urges ICAEW
  • FSB suggests business rates system 'disincentivises investment'
  • UK business confidence at four-year high
August 2021
  • Contactless limit to increase to £100 from 15 October
  • HMRC urges taxpayers to stay alert to digital scams
  • UK recovery slows as staff shortages take their toll
  • CIOT warns over stamp duty refund claims
  • HMRC outlines changes to late payment penalty regime
  • Deadline looms for parents to update Child Benefit for 16-year-olds
  • Study reveals 83% of businesses not aware of Plastic Packaging Tax
  • FSB warns inflationary pressure threatens to 'stifle recovery among small firms'
  • HMRC publishes list of excuses given by employers for not paying minimum wage
  • Wage rises could result in price spikes, employers warn
  • IoD warns staff shortages 'could undermine recovery'
  • Two-fifths of freelancers lost over 40% of turnover during pandemic
  • UK partners and sole traders face bigger tax bills in 2022
  • Almost 1.8 million couples claiming marriage allowance
  • Only 11% of businesses are measuring their carbon footprint
  • Employers 'named and shamed' for paying less than minimum wage
  • Digital marketplaces to report sellers' incomes from 2023, HMRC confirms
  • SME manufacturing activity grew at record pace, CBI survey reveals
  • BCC calls for government to extend skills training
  • CBI survey reveals bumper growth in private sector activity
  • Empty shop numbers continue to rise
July 2021
  • Data reveals nearly two million workers remain on furlough scheme
  • ICAEW urges HMRC to scrap exemptions to simplify VAT rules
  • Public trust in charities reaches highest level since 2014
  • SMEs 'keen to invest in growth but struggle to find financial backing', says survey
  • Government announces simplified tax reporting for self-employed and small firms
  • FSB urges government to provide SMEs with better access to support and advice
  • UK to overhaul funding of research and development
  • HMRC launches consultation on basis period reform
  • CIOT urges government to make tax system easier to navigate
  • CBI calls for urgent solution to 'crippling staff shortages'
  • Over 40% of UK employers planning to increase investment in skills
  • Job vacancies increase to over pre-pandemic levels
  • High Street sales bounce back in spring
  • Government urged to provide more clarity over reopening
  • International tax reform backed by 130 countries
  • HMRC publishes guidance on the fifth SEISS grant
  • Average losses from pensions scams now over £50,000
  • Businesses borrowed £79 billion in COVID-19 support loans
  • Questions remain over re-opening, say business groups
  • Aftermath of COVID-19 pandemic has caused 'significant rise in costs for businesses'
  • 800,000 claim tax relief for working from home
  • Furlough scheme starts to wind down
June 2021
  • 13,000 investigations launched into COVID-19 support scheme fraud
  • CBI warns of 'perfect storm' of staff shortages
  • Schemes create one stop shop for VAT on EU trade
  • Flexible rail fares must be just the start of changes, says BCC
  • Cash payments fell by over a third during 2020
  • UK economy back to pre-covid level by end of year
  • UK Infrastructure Bank opens for business
  • Delayed EU import declarations due
  • Commercial rent moratorium extended until March 2022
  • Over 280,000 families now using Tax-Free Childcare
  • Finance Act 2021 receives early Royal Assent
  • Business groups press for further support after lockdown easing delayed
  • HMRC outlines intention to recover £1 billion in fraudulent furlough funds
  • R&D relief regime ready for update, says ICAEW
  • Cash boost for apprenticeships launched
  • OTS considers moving tax year end
  • G7 announces global tax agreement
  • Bounce Back Loan repayments due for many small businesses
  • TUC suggests UK 'lagging behind G7 peers in green jobs plans'
  • Fifth SEISS grant will be open to claims from late July
  • Remote working was most common form of working during pandemic, BCC finds
  • Economic growth accelerates in three months to May
May 2021
  • Trade credit insurance scheme to close
  • Optimism across UK services sector has 'improved significantly', CBI finds
  • Number of freelancers increases for first time since onset of pandemic
  • Finance Bill outlines amendments to super-deduction
  • Plastic bag charge doubled in all shops in England
  • HMRC's VAT Deferral New Payment Scheme to close in June
  • NIC reliefs set for Freeports
  • Almost 950,000 have already filed 2020/21 self assessment returns
  • UK unemployment rate falls to 4.8% in March
  • Government confirms start date for Plastic Packaging Tax
  • Effectiveness of OTS set to be reviewed by Treasury
  • Data finds HMRC received 91,000 calls to report fraud in first months of pandemic
  • UK economy shrank 1.5% in first quarter of 2021, data reveals
  • Record level of Apprenticeship Levy funds expired in 2020, research finds
  • Next step of roadmap out of lockdown to take effect from 17 May
  • UK economy set to grow rapidly once COVID restrictions are relaxed
  • Optimism amongst SME manufacturers has risen significantly, survey suggests
  • Businesses planning to adopt 'hybrid' working after easing of COVID restrictions
  • CBI calls for more clarity on COVID-19 roadmap
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