Business News

06 Jun 2023

Nearly £9 billion in old banknotes and coins not cashed in, says Bank of England

The Bank of England (BoE) has revealed that almost £9 billion in old coins and banknotes has not yet been cashed in.

05 Jun 2023

Women 'more than twice as likely' to miss out on pensions auto-enrolment

Data published by the Trades Union Congress (TUC) has suggested that women are more than twice as likely to miss out on being automatically enrolled into a workplace pension.

02 Jun 2023

Business confidence in economy 'stabilised' in May

Confidence in the UK economy amongst businesses 'stabilised' to just below neutral in May, according to a survey carried out by the Institute of Directors (IoD).

01 Jun 2023

SMEs planning 'significant investment' in technology this year, research suggests

Research carried out by consumer electronics company Sharp has suggested that nearly half of small and medium-sized enterprises (SMEs) are planning on increasing their investment in business technology this year.

31 May 2023

Economic Advisory Council launched by BCC to 'power up growth'

The British Chambers of Commerce (BCC) has launched a new Economic Advisory Council to 'help develop policies to get the UK economy and businesses growing'.

30 May 2023

HMRC increases late payment interest rate to 7%

Following the Bank of England's latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.

26 May 2023

Tax-Free Childcare helps 650,000 families save on their childcare costs

The government's Tax-Free Childcare (TFC) initiative helped 649,935 families to save on their childcare costs during the 2022/23 tax year, HMRC has revealed.

25 May 2023

Typical energy bill to fall under new price cap

Energy bills will fall to £2,074 a year for the typical household from July under the new price cap announced by regulator Ofgem.

24 May 2023

UK rate of inflation fell sharply in April, data shows

Data published by the Office for National Statistics (ONS) has revealed that the UK rate of inflation fell to 8.7% in April from 10.1% in March.

23 May 2023

Don't miss out on a tax refund for work expenses, HMRC urges

HMRC is reminding employed workers they can claim a refund on work-related expenses on the GOV.UK website.

22 May 2023

HMRC seeks views on changes to Construction Industry Scheme

HMRC is seeking views on measures designed to simply and strengthen the Construction Industry Scheme (CIS).

19 May 2023

Small businesses 'see no progress on the barriers to growth', BCC warns

The British Chambers of Commerce (BCC) has urged the government to 'reconnect with businesses' after it warned that small firms aren't seeing any progress on removing the barriers to growth.

18 May 2023

Number of early self assessment filers doubles in five years

The number of self assessment taxpayers filing their tax return on the first day of the tax year has more than doubled since 2018, HMRC has revealed.

17 May 2023

One in five workers will be higher rate taxpayers by 2027, says IFS

The number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).