Business news

Experts welcome more relaxed PAYE penalty regime - 9 July 2015

Tax experts have welcomed an HM Revenue & Customs’ (HMRC) announcement that it will take a less rigid approach to penalties for employers who provide PAYE information late. HMRC announced on 17 June that rather than issuing late filing penalties

UK leads way on inward investment - 9 July 2015

The UK has maintained its position as the number one destination for foreign direct investment (FDI) in Europe after attracting a record number of projects in 2014-15. Annual figures from UK Trade & Investment (UKTI), published on 17 June, revealed

VAT guidance updated - 9 July 2015

HM Revenue & Customs (HMRC) has updated its guidance on how to keep VAT records. The guidance, issued on 22 June, replaces the edition published in December 2007. As well as correcting out of date information, the publication includes new

Companies House launches new search service - 9 July 2015

Companies House has launched a new, free of charge search service of digital data held on the UK register of companies. The service provides access to more than 170 million records concerning companies and directors, including financial accounts, company filings

Summer Budget Statement 2015 - 8 July 2015

Budget Summary Two months on from the General Election result, the Chancellor of the Exchequer today delivered his second Budget of 2015. George Osborne will have known, as he stood up to address the Commons, that there was plenty riding

New guidance issued on budget forecast returns - 11 June 2015

Academies have been given new guidance to help them complete their 2015-2016 budget forecast returns. The Education Funding Agency (EFA) published a workbook and a guide to using it on its website on 24 March, which it said would help

Planning toolkit goes online - 11 June 2015

The Education Funding Agency (EFA) has launched the first phase of an online efficiency toolkit to support to help all types of schools with strategic planning and budgeting. The first part of the toolkit, which can be accessed here, is