Business news

Surprise summer Budget on way - 3 June 2015

Chancellor of the Exchequer George Osborne has announced there will be a surprise second Budget in July. Following the Conservative victory in the 7 May general election, he confirmed on 16 May that there would be a summer Budget on

Red tape and tax high on government agenda - 3 June 2015

Cutting £10 billion of red tape for small businesses and freezing key tax rates are among the highlights of the new Conservative government’s legislative programme. A range of measures to reduce regulation on small businesses, making it easier for them

Cyber insurance ‘should be norm within 10 years’ - 3 June 2015

Cyber insurance should become as common a purchase for UK businesses as property insurance within the next decade, says the Association of British Insurers (ABI). The ABI said that any business using the internet was vulnerable to threats, including deliberate

Experts issue warning over investment relief reforms - 3 June 2015

Tax specialists have warned that planned changes to schemes designed to encourage investment in small and growing businesses could deter some investors from taking advantage of the reliefs. The warning came from the Chartered Institute of Taxation (CIOT) following plans

Drive targets first time exporters - 3 June 2015

A new government initiative has been launched to help businesses expand into international markets for the first time. The First Time Exporters (FTE) initiative, run by UK Trade & Investment (UKTI), includes training and advice for companies selling overseas for

HMRC issues guidance on employment intermediary reporting - 3 June 2015

HM Revenue & Customs (HMRC) has issued updated guidance on the new reports that employment intermediaries – like employment agencies and recruitment firms – need to provide for agency workers if they do not operate PAYE. The guidance, published on

Businesses sit on cash as AIA ‘deadline’ approaches - 15 May 2015

UK businesses are waiting for the right moment to start investing, says a leading accountancy body. The Institute of Chartered Accountants in England and Wales (ICAEW) surveyed 500 of its members working within businesses and found that 62 per cent