Business news

British Business Bank programme set to boost lending - 15 May 2015

The British Business Bank is opening its ENABLE Guarantee programme to all banks that lend to smaller UK businesses, following completion of the first transaction under the scheme. The programme encourages participating banks to lend more to smaller businesses by reducing the

Tax experts welcome ‘trivial’ delay - 15 May 2015

Tax specialists have welcomed a government announcement that it is delaying legislation introducing an exemption from income tax for ‘trivial’ benefits in kind (BIKs). Trivial benefits provided by employers include gifts such as a box of chocolates at Christmas or

HMRC brings in £513bn tax haul - 15 May 2015

HM Revenue & Customs (HMRC) has revealed that it collected £513.5 billion in tax in the 2014-15 financial year. HMRC’s latest monthly report, published on 23 April, revealed that the total annual tax take has soared by £166 billion since

SMEs ‘fail to use expert advisers’ - 15 May 2015

Small business owners are running the risk of costly mistakes by failing to make use of expert advice when setting up their enterprises, according to new research. A survey of 1,507 small and medium-sized enterprises (SMEs) for insurer Aviva found

HMRC updates ‘phishing’ guidance - 15 May 2015

HM Revenue & Customs (HMRC) has updated its guidance on the way it contacts customers to help them recognise “phishing” emails. Phishing involves emailing someone in order to fraudulently obtain personal or financial information such as passwords and credit card

Leading teachers association calls for review of teachers pay - 13 May 2015

The Association of School and College Leaders (ASCL) has called on the Government to reject the School Teachers Review Body’s (STRB’s) latest reassessment of teachers’ pay. In a recent consultation paper the STRB recommended an increase of one per cent

New guidance aims to raise governance standards - 13 May 2015

New guidance has been issued to help improve the effectiveness of school governance and improve the education academies and other schools deliver. The document, entitled What Governing Boards Should Expect From School Leaders And What School Leaders Should Expect From