Business news

Universal Credit change likely to affect pupil premium - 16 July 2015

A new report from the National Audit Office (NAO) has suggested that schools may lose out on pupil premium funding due to the introduction of the new Universal Credit system. Released this week, the NAO report on funding for disadvantaged

HMRC rings changes on helplines - 9 July 2015

A major shake-up for HM Revenue & Customs (HMRC) helpline numbers took effect from 30 June. HMRC withdrew its 0845 numbers from that date and customers now need to use one of its 03 helplines instead. There are 132 of

Women urged to act on tax savings - 9 July 2015

New research has shown that women are less than half as likely as men to try and cut their unnecessary tax payments. Analysis carried out by Prudential and found that only seven per cent of women took any steps to

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 As well as correcting out of date information, the publication includes new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