Business News

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

Making Tax Digital for Income Tax self assessment delayed for a year

The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax self assessment (MTD for ITSA) for a year, HMRC has announced.

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IoD urges government to reduce planned level of business tax rises

The Institute of Directors (IoD) is urging the government to use the upcoming Budget to reduce the planned level of business tax rises.

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British Business Bank provided £81.5 billion of COVID-19 support

Coronavirus (COVID-19) emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year.

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CBI survey finds three quarters of firms worried about labour shortages

A survey carried out by the Confederation of British Industry (CBI) has revealed that three quarters of UK businesses are concerned about the impact of labour shortages on competitiveness.

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COVID-19 sick pay rebate scheme to end on 30 September

The government's scheme that enables small businesses to recoup statutory sick pay costs caused by the coronavirus (COVID-19) will end at the end of September.

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OTS says changing date of tax year end would be beneficial

Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS).

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FSB survey suggests unemployment to rise by 50,000 as result of NICs rise

A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers, sole traders and employees.

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Inflation sees sharpest increase on record

Inflation rose to 3.2% last month from 2% in July ? its largest ever recorded increase, according to the Office for National Statistics (ONS).

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Higher taxes and lower business investment 'not a plan for growth', warns CBI

The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said.

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