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Business News

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

£725 million package unveiled to support apprenticeships

The government recently unveiled a £725 million package aimed at supporting apprenticeships and combating youth unemployment.

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Covid fraud cost UK taxpayers £10.9 billion

Taxpayers lost £10.9 billion to fraud and error as the UK government's pandemic response 'left the front door open to fraud', an independent report has revealed.

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Most sole traders are not ready for MTD changes

The majority of sole traders do not have a clear understanding of Making Tax Digital for Income Tax (MTD for IT), according to research from the Association of Independent Professionals and the Self-Employed (IPSE).

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Firms reducing headcount at 'fastest pace since pandemic'

Firms reducing headcount at 'fastest pace since pandemic'

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E-invoicing will be fundamental change for VAT-registered businesses

The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the Chartered Institute of Taxation (CIOT).

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Still time to start self assessment returns, says HMRC

Although there are less than two months until the self assessment deadline there is still time to start an accurate return, says HMRC.

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Spending cuts and tax rises to serve as headwinds to economy

A report published by the Organisation for Economic Co-operation and Development (OECD) has suggested that tax rises and spending cuts announced by Chancellor Rachel Reeves will serve as headwinds to the UK economy.

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Director confidence 'near record low'

A report carried out by the Institute of Directors (IoD) has found that confidence amongst business directors is at a near record low.

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MTD penalties waived for first year of Income Tax

Self assessment taxpayers due to join Making Tax Digital for Income Tax (MTD for IT) next April will not face penalties if late filing quarterly updates.

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