Business news

Self assessment warning over dividend changes - 11 August 2015

Changes to the way dividend income is taxed could drag people on lower incomes into self assessment and have implications for incorporation, tax experts have warned. Under current arrangements, basic rate taxpayers pay no tax on dividends received. Higher and

HMRC collects an extra £11.9bn - 11 August 2015

HM Revenue & Customs (HMRC) collected a record £517.7 billion in tax in 2014-15, £11.9 billion more than the previous year. The figures were included in HMRC’s Annual Report and Accounts for 2014-15, published on 16 July, which featured achievements

New start date for Tax-Free Childcare - 11 August 2015

The start date for a new government scheme offering help with childcare costs has been put back by more than a year. It was originally planned that the Tax-Free Childcare initiative would be introduced in autumn 2015. But when legal

Pension participation hits new high - 11 August 2015

Workplace pension participation has hit its highest level in a decade with young people among the biggest winners, new research has found. Office for National Statistics figures published on 16 July revealed that overall, 70 per cent of eligible employees

Key sectors in red tape spotlight - 11 August 2015

The government has launched new reviews designed to slash red tape in five key industry sectors. The reviews, announced by Business Secretary Sajid Javid announced on 16 July, are part of a government commitment to axe unnecessary regulation and its

Fair funding formula won’t be ready for another two years, says Morgan - 16 July 2015

School leaders have been told by the Education Secretary, Nicky Morgan, that a national fair funding model will not be ready until September 2017. Speaking to delegates at the National Governors’ Association’s summer conference in Manchester Ms Morgan said that

Consultation paper launched to help with governance - 16 July 2015

Research conducted by the Institute of Chartered Secretaries and Administrators (ICSA) has led to the creation of a new consultation paper designed to support academies with developing good governance. The study by the ICSA found that academies are struggling to