Budget Board must focus on easing the cost of doing business, says IoD
The government’s Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD). The board has been created to link top ministers and 10…
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Covid repayment window opens
The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with ‘no…
Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget
Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a ‘level playing field’ and protect workers’ pay. The Resolution Foundation said…
AI to boost trade by nearly 40% by 2040 if gaps are bridged, says WTO
Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, according to a…
Lowering VAT threshold would be manifesto breach, warns IPSE
Lowering the threshold for VAT registration would breach Labour’s manifesto, IPSE, the Self-Employed Association has warned. IPSE says that the government is in a bind both politically and economically. Having…
Homebuyers get bogus SDLT claims warning
Homebuyers are being warned to avoid Stamp Duty Land Tax (SDLT) scams, following a landmark Court of Appeal decision. HMRC is warning buyers to be vigilant of tax agents offering…
Crackdown on late payments launched in plan to back small businesses
The government is set to tackle late payments to businesses with significant legislative reforms. Late payments cost the UK economy £11 billion a year and shut down 38 businesses every…
Economic confidence plummets to all-time low
Economic confidence amongst the UK’s business leaders has dropped to an all-time low, according to data from the Institute of Directors (IoD). The IoD Directors’ Economic Confidence Index, which measures…
SME exporters hit by new US customs charges
President Trump’s decision to charge import duties for low value goods entering the US is a major blow to the UK’s SME exporters, says the British Chambers of Commerce (BCC)….
HMRC urges families to save money with Tax-Free Childcare
HMRC is encouraging working families to save money by signing up to Tax-Free Childcare and using one of the thousands of facilities accepting it as payment. Tax-Free Childcare means working…
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