Business News

Effectiveness of OTS set to be reviewed by Treasury

The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for helping to make the UK tax system simpler and easier to interact with for taxpayers.

14 May 2021

Data finds HMRC received 91,000 calls to report fraud in first months of pandemic

Data published by insurer PfP has revealed that HMRC received 91,000 calls to report instances of fraud in the first nine months of the coronavirus (COVID-19) pandemic.

13 May 2021

UK economy shrank 1.5% in first quarter of 2021, data reveals

The UK economy shrank by 1.5% in the first quarter of 2021 as the country underwent a COVID-19 lockdown, according to the Office for National Statistics (ONS).

12 May 2021

Record level of Apprenticeship Levy funds expired in 2020, research finds

Research carried out by manufacturers' organisation Make UK has revealed that a record level of Apprenticeship Levy funds expired in 2020 without being spent by businesses.

11 May 2021

Next step of roadmap out of lockdown to take effect from 17 May

From 17 May, indoor hospitality businesses are permitted to re-open and households will be allowed to mix as the next step of the government's roadmap out of the latest coronavirus (COVID-19) lockdown takes effect.

10 May 2021

UK economy set to grow rapidly once COVID restrictions are relaxed

In its latest report, the Bank of England (BoE) has predicted that the UK economy will grow at its fastest rate in more than 70 years in 2021 as coronavirus (COVID-19) lockdown restrictions are eased.

07 May 2021

Optimism amongst SME manufacturers has risen significantly, survey suggests

A survey carried out by the Confederation of British Industry (CBI) has revealed that optimism amongst small and medium-sized enterprise (SME) manufacturers rose considerably in the quarter to April 2021.

06 May 2021

Businesses planning to adopt 'hybrid' working after easing of COVID restrictions

A survey carried out by the Institute of Directors (IoD) has found that businesses are planning to adopt so-called 'hybrid' working once the coronavirus (COVID-19) lockdown restrictions are fully lifted.

05 May 2021

CBI calls for more clarity on COVID-19 roadmap

The government must provide further details on its roadmap out of lockdown to bolster the economic recovery, says the Confederation of British Industry (CBI).

04 May 2021

HMRC sets out penalty regime for SEISS abuse

The fourth Self-Employed Income Support Scheme (SEISS) grant is now live and HMRC has set out the penalties for abuse.

30 Apr 2021

Industry groups say more work needed after UK-EU trade deal ratified

Industry groups have called on the government to take further steps to normalise trade with the EU after the European Parliament voted to ratify the post-Brexit trade deal.

29 Apr 2021

Pandemic caused biggest annual employment fall for older workers

Research carried out by the Resolution Foundation has found that the coronavirus (COVID-19) pandemic has caused the biggest annual employment reduction for older workers since the 1980s.

28 Apr 2021

HMRC records huge increase in scam attempts

Last year saw a major increase in the public reporting suspicious contact to HMRC.

27 Apr 2021

IPSE demands clarity on gig economy

The government needs to provide clarity around the status and rights of gig economy workers, says the Association of Independent Professionals and the Self-Employed (IPSE).

26 Apr 2021

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