by admin | May 7, 2024 | Latest News for Business
Higher than expected government borrowing has reduced the Chancellor’s ‘wiggle room’ at a pre-election Budget.
Government borrowing – the difference between spending and tax income – was £120.7 billion in the year to March,...
by admin | May 7, 2024 | Latest News for Business
Around 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to the Financial Conduct Authority (FCA).
The figure is lower than last year but is still significantly higher than before the cost-of-living crisis...
by admin | Apr 8, 2024 | Latest News for Business
HMRC’s decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the Federation of Small Businesses (FSB).
The tax authority had announced that it was closing its self assessment...
by admin | Apr 8, 2024 | Latest News for Business
The Chancellor made further changes to National Insurance contributions (NICs) following the cuts made in the Autumn Statement 2023. The rates for NICs will be cut by two percentage points for both employees and the self-employed from 6 April 2024.
This will see...
by admin | Apr 8, 2024 | Latest News for Business
The UK’s business groups warned that challenges remain despite the Chancellor delivering an encouraging Spring Budget.
The British Chambers of Commerce (BCC) said that while the cut to NICs would ‘boost jobs’ it had failed to ‘shift the...
by admin | Apr 8, 2024 | Latest News for Business
New guidance from HMRC on Research and Development (R&D) tax relief ‘could be clearer’, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
HMRC’s draft guidance covers the restriction applying for contractor...