Business Urges Government to Reform Apprenticeship Levy

In response to the publication of official apprenticeship statistics, business groups have urged the government to reform the Apprenticeship Levy. The organisations, including the Confederation of British Industry (CBI), the Institute of Directors (IoD) and the Federation of Small Businesses (FSB) have called on the government to reform the initiative before it costs UK firms … Continue reading Business Urges Government to Reform Apprenticeship Levy

Business Group Warns UK Small Firms ‘Unprepared for Business Interruption’

The Federation of Small Businesses (FSB) has warned that the majority of UK small firms are ‘unprepared’ for the risk of disruption to the business posed by both internal and external threats. Data published by the FSB revealed that 65% of small businesses do not currently have any plans in place to deal with an … Continue reading Business Group Warns UK Small Firms ‘Unprepared for Business Interruption’

Business groups set out Spring Budget priorities

Business groups have outlined their priorities for businesses and the economy ahead of the 2017 Spring Budget.  In a letter to Chancellor Philip Hammond, the Confederation of British Industry (CBI) called on the government to ‘back business’s growth ambitions’ to help build prosperity across the UK, and to work alongside firms to ‘prioritise stability’ during … Continue reading Business groups set out Spring Budget priorities

HMRC Update On Making Tax Digital

Following a consultation period, HM Revenue and Customs have now released more information regarding the changes to self assessment under their new “Making Tax Digital” project. Some of the more significant details are: Receipts and expenditure recorded on spreadsheets can be linked to HMRC software. Free software will be available to smaller businesses. The cash … Continue reading HMRC Update On Making Tax Digital

Digital Tax Reporting – The Story So Far

In 2015 the Government announced its commitment to bringing our tax system into the 21st century by introducing digital technology and dispensing with the annual tax return.  The new system would involve digital quarterly reporting with a view to making tax simpler and easier to manage for the taxpayer.  The Financial Secretary to the Treasury, … Continue reading Digital Tax Reporting – The Story So Far

Why Your Bank Might Start Charging Interest On Your Savings

Two of the big players in the banking world, NatWest and RBS, have shocked their business customers this week by suggesting that they may consider charging interest on credit balances if the Bank of England cuts to a negative rate. Despite assurances from RBS that such a move would be an absolute last resort, it … Continue reading Why Your Bank Might Start Charging Interest On Your Savings