Business News

This section contains the latest business news stories.

28 Feb 2020

Off-payroll working rules get green light for April

The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020.

27 Feb 2020

IFS urges Chancellor to raise taxes in upcoming Budget

The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.

26 Feb 2020

UK public spending to top £1 trillion a year, predicts think tank

Government spending will increase to over £1 trillion a year by 2023/24, the Resolution Foundation has predicted.

25 Feb 2020

Chancellor states IR35 enforcement will not be 'heavy handed'

Chancellor Rishi Sunak has promised that penalties for IR35 breaches will not be 'heavy handed' during the first year of the implementation of off-payroll rules to the private sector.

24 Feb 2020

Government to name and shame minimum wage offenders

The UK government has reintroduced the naming and shaming of employers who fail to pay their employees the National Minimum Wage (NMW) or the National Living Wage (NLW).

21 Feb 2020

Government pledges additional financial support for flooding victims

The government has pledged thousands of pounds in additional financial support for victims of the recent floods.

20 Feb 2020

UK fast becoming cashless, says report

The UK will become a cashless society within the next 15 years unless the government takes action, according to the Access to Cash Review.

19 Feb 2020

NAO finds tax reliefs cost UK £155 billion per year

Research carried out by the National Audit Office (NAO) has found that UK tax reliefs cost £155 billion per year.

18 Feb 2020

Low take-up of TFC linked to poor understanding of scheme

Research commissioned by HMRC has suggested that low take-up of the Tax-Free Childcare (TFC) scheme is linked to a 'poor understanding' of the initiative.

17 Feb 2020

Small landlords exiting buy-to-let market

Smaller landlords are exiting the buy-to-let market following cuts to tax relief, according to research from estate agency Hamptons International.

14 Feb 2020

Rishi Sunak appointed as new Chancellor

Rishi Sunak has been appointed as Chancellor of the Exchequer following the surprise resignation of Sajid Javid on 13 February.

13 Feb 2020

Flat growth 'should be a warning to government' ahead of Budget, states FSB

The Federation of Small Businesses (FSB) has stated that flat economic growth should serve as a wake-up call to the government ahead of the 2020 Budget.

12 Feb 2020

HMRC carries out fewer dawn raids

The number of dawn raids carried out by HMRC on individuals and businesses dropped last year, according to data published by law firm Pinsent Masons.

11 Feb 2020

CBI publishes Budget wishlist

The Confederation of British Industry (CBI) has published its wishlist ahead of the 2020 Budget, which will be delivered on Wednesday 11 March.

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