Business news

SMEs set to boost the economy - 11 October 2017

A new study suggests contributions from Small and Medium-sized Enterprises (SMEs) in the UK’s top ten cities will grow by an average of 19 per cent.

Inaugural Autumn Budget date announced - 10 October 2017

The Chancellor, Philip Hammond, has announced that the first Autumn Budget to take place since the set-piece statement’s move to the end of the year will be on Wednesday 22 November 2017. Mr Hammond announced at the Autumn Statement in

The Finance Bill is back and little has changed - 10 October 2017

Earlier this year the Government announced that a number of the controversial provisions within its Finance Bill would be dropped ahead of June’s snap general election to ensure an easy passage to Royal Assent. Making Tax Digital and a number

Admin takes up 120 days every year for UK small businesses - 10 October 2017

Research published in September has found that 5.6 per cent of working time at small businesses in the UK is spent on back-office and admin tasks. This time could be worth as much as £33 billion a year. According to

Cricket club stumped by VAT dispute - 10 October 2017

An Oxfordshire cricket club has been left having to stump up a hefty tax bill after losing a VAT dispute. Despite the common misconception that charitable organisations are exempt from VAT, Eynsham Cricket Club was forced to pay 20 per

All change for the UK’s cash - 10 October 2017

It’s all change when it comes to cash. Last month saw the introduction of a new £10 note and this month sees our last chance to spend the old round £1 coin. Following on from the new Churchill £5 note,

Late payments damage the UK economy, research shows - 10 October 2017

Late payments are a headache that most small businesses are familiar with, but new research shows that late payments create problems for the economy as a whole. Figures published by the Department for Business, Innovation and Skills show that UK