Business News

04 May 2022

Number of firms in critical financial distress rises sharply

A growing number of UK businesses are at risk of going under as costs spiral and COVID loan repayments become due, according to a report from insolvency firm Begbies Traynor.

03 May 2022

MPs consider changes to help tackle increasing cost of living

With inflation increasing energy and food prices, ministers have pitched ideas to help tackle the cost-of-living crisis.

29 Apr 2022

Government inaction on long COVID could cost billions

There are now more than a million workers missing from the workforce compared to pre-pandemic, according to a report published by the IPPR think tank.

28 Apr 2022

Government borrowing more than halves, data reveals

Data published by the Office for National Statistics (ONS) has revealed that government borrowing in the last financial year more than halved when compared to a year earlier.

27 Apr 2022

Data shows IHT receipts up £0.7 billion

Data published by HMRC has revealed that inheritance tax (IHT) receipts for April 2021 to March 2022 totalled £6.1 billion, which is £0.7 billion higher than in the same period a year earlier.

26 Apr 2022

Which? warns it is 'now or never' to halt UK's 'cash crisis'

Following the publication of research which shows that almost a quarter of free-to-use ATMs have vanished since 2018, consumer group Which? has stated that it is 'now or never' to save cash.

25 Apr 2022

Half of small firms do not expect to grow over coming year, FSB finds

Research carried out by the Federation of Small Businesses (FSB) has found that close to half of UK small firms don't expect their business to grow over the coming year as a result of the cost-of-doing-business crisis.

22 Apr 2022

HMRC starts chasing up SEISS overpayments

HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.

21 Apr 2022

Energy bosses call for price cap to be scrapped to prevent 'horrific' winter

Bosses of the UK's largest energy firms have called on the government to intervene with 'unprecedented' measures to prevent a fuel poverty crisis next winter.

20 Apr 2022

Export growth is 'stagnant', BCC finds

Data published by the British Chambers of Commerce (BCC) has found that UK export growth has been effectively stagnant for the past year.

19 Apr 2022

New HMRC one-stop online shop provides taxpayers with tax relief information

HMRC has launched a new one-stop online shop designed to provide taxpayers with information on the tax reliefs and financial support available to them.

14 Apr 2022

Business groups comment on latest inflation figures

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC) have commented on the latest data published by the Office for National Statistics (ONS), which revealed that inflation rose to 7% in the year to March.

13 Apr 2022

HMRC names avoidance scheme promoters for first time

Tax avoidance schemes have been named for the first time by HMRC as users are warned they could face large tax bills.

12 Apr 2022

Research suggests hybrid working saves businesses significant amounts of money

Research carried out by Confused.com has revealed that hybrid working practices help businesses save an average of £8,100 per employee.

05 Mar 2026

Chancellor says plan is right despite uncertain backdrop to Spring Forecast Statement

Chancellor Rachel Reeves insisted she has the 'right economic plan' for the UK in her Spring Forecast Statement announcement.

05 Mar 2026

One million miss self assessment deadline

An estimated one million taxpayers missed the self assessment deadline for the 2024/25 tax year, according to HMRC.

05 Mar 2026

Getting tax affairs back on track if self assessment deadline was missed

The number of people using the HMRC app to pay their self assessment tax bill has increased by 65% this tax year, according to the tax authority.

05 Mar 2026

Making Tax Digital for Income Tax biggest tax change since self assessment

The introduction of Making Tax Digital for Income Tax this April will be the biggest change to the UK's tax system since self assessment, says the Low Incomes Tax Reform Group .

05 Mar 2026

Major UK banks agree lending package aimed at SMEs

Five major UK banks have agreed a £11 billion lending package aimed at SMEs to support small business growth, the government has announced.

05 Mar 2026

Government urged to scrap 'unfair holiday tax'

Over 200 hospitality and leisure CEOs have urged the government to scrap plans for a Visitor Levy in England.

05 Mar 2026

Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 March 2026.

05 Mar 2026

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

05 Feb 2026

Pubs get 15% business rates relief

Pubs and live music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years, the government announced.

05 Feb 2026

Tax timebomb poses existential threat to high streets, government warned

Small businesses such as cafes, shops and hairdressers are facing three years of business rates misery with an average 52% hike in bills, analysis from the Federation of Small Businesses (FSB) has revealed.

05 Feb 2026

Self assessment payments via the HMRC app up 65%

The number of people using the HMRC app to pay their self assessment tax bill has increased by 65% this tax year, according to the tax authority.

05 Feb 2026

UK Treasury to regulate cryptocurrency under new legislation

The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework with legislation due by 2027.

05 Feb 2026

UK lenders agree £11 billion SME package

Five major UK banks have agreed a £11 billion lending package aimed at SMEs to support small business growth, the government has announced.

05 Feb 2026

Over 4,800 self assessment scams reported

More than 4,800 self assessment scams have been reported since February 2025, according to data released by HMRC.

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